A review of the statistics shows that oceanfront condos named after former President Donald Trump account for a sizable chunk of Sunny Isles Beach’s resale listings.
Condos donning the name of former President Donald Trump account for about 11.4 percent of all resale listings available for purchase in the barrier island city of Sunny Isles Beach.
Some 107 condos with a Trump name are listed for resale in the nearly three-mile long city that is sandwiched between the Atlantic Ocean and Intracoastal Waterway, and stretching from Haulover Park north to the Golden Beach town limits in Northeast Miami-Dade County.
Overall, about 936 Sunny Isles Beach condos are listed for resale in the final six weeks of the busy South Florida Winter Buying Season that generally concludes at the end of April, according to an analysis by CondoVultures.com.
In 2023, buyers purchased about 75 Trump-named condos for an average sales pace of nearly 6.3 units per month. At the 2023 sales pace, it would take an estimated 17 months to resell all of the Trump-named condos if no additional units were listed for resale.
For context, Sunny Isles Beach is in a buyers market with nearly 15 months of condo supply listed for resale, according to a recent report.
Generally, six months of supply is considered equilibrium. More months of supply indicates a buyers market while less months suggests a sellers market.
We have crunched the statistics for the Year 2023 and have published a series of reports during the last two weeks on CondoVultures.com looking at the winners and losers in Sunny Isles Beach.
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