We Tried To Obtain SIRS Reports For South Florida Condo Associations. It Wasn’t Easy.

As Structural Integrity Reserve Studies take on greater importance in 2025, we spent a day searching for SIRS reports and statistics on South Florida condo associations complying with the law.

Florida condos built before July 2022 were required to complete a Structural Integrity Reserve Study (SIRS) by Dec. 31, 2024 as a result of law changes following the Surfside condo collapse. (Photo courtesy of CVRRealty.com)

Has the time finally come to drop the oldest real estate industry cliche of them all – ‘location, location, location” – when searching for a South Florida condo?

Some would say the importance of the “location, location, location” approach in Florida was upended in the wake of the Surfside condo collapse in June 2021 when nearly 100 people died and a $1 billion settlement was paid out to the victims’ families.

After all, isn’t the need to know that a condo building is structurally sound and has a capital plan to address any and all future life-safety issues more important than an address?

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As a reminder, we are always available for consulting, expert witness work and buyside brokerage services just as we have been since 2006.

If you are seeking information on condo resales in South Florida, please visit CondoVulturesRealty.com or call the office at 305.865.5859.

The views and opinions expressed in this report is for general informational purposes only. It is believed to be accurate and complete based on current market trends but cannot be guaranteed or warranted as circumstances change without notice. It should not be considered as financial, legal, tax or investment advice. This content should not be relied upon as the sole basis for making any financial decisions. Before making any investment or financial decisions, you should consult with a qualified professional to determine the suitability of any investment or strategy for your individual circumstances and goals.

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