A review of 2023 condo statistics identifies the condo projects that experienced the greatest number of unit resales.
Picking a Greater Downtown Miami condo building to reside in can be a confusing process given the variety of choices.
After all, Greater Downtown Miami is a five-mile stretch comprised of 185 proposed and existing condo projects with more than 52,800 units located between the Eddie Rickenbacker Causeway north to the Julia Tuttle Causeway, and Biscayne Bay west to Interstate 95, according to a recent report from CondoVultures.com.
In 2023, buyers paid more than $1.9 billion for about 2,436 condos in Greater Downtown Miami, according to a recent report.
To assist with better understanding the market, CondoVultures.com has analyzed the 2023 condo resales to provide a ranking of the 10 least active buildings based on total unit sales.
The rankings are not proportional and ignore the total number of units in a project. Price, quality and amenities are also not factored into the rankings.
The purpose of the rankings is to show where buyers have purchased the greatest number of units in the 12 months of 2023.
For some buyers, they want a building with a lot resale activity as it suggests a certain quality of life and an increased probability for resales in the future. For other buyers, a building with little resale activity suggests stability or even lower prices.
This list was created by CondoVulturesRealty.com using proprietary statistics along with data from the Southeast Florida MLX Matrix, Cranespotters.com, Miami-Dade Property Appraiser’s Website and Miami-Dade Clerk Of The Court.
Click here to read the rest of the report
We have crunched the statistics for the Year 2023 and plan on publishing a series of of reports during the next two weeks on CondoVultures.com looking at the winners and losers in Greater Downtown Miami.
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This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com
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