Which Are Best, Worst Condo Markets For South Florida Investors?

  • Published by Peter Zalewski
  • 5/15/2024
  • 10:15:07 PM
This is a ranking of the 17 South Florida coastal condo markets from an investors perspective.

This report evaluates South Florida’s 17 coastal condo markets in the tricounty region of Miami-Dade, Broward And Palm Beach based on the “1% Rule.” (Photo courtesy of Descript)

South Florida condo prices have spiked since 2021, making it increasingly challenging for profit-driven investors who want to purchase units in the coastal tricounty region of Miami-Dade, Broward and Palm Beach.

Rising property values from strong demand, skyrocketing insurance prices following the Surfside condo collapse disaster and high interest rates from a series of hikes by the Federal Reserve brought the South Florida housing market to a standstill in the second half of 2023.

Industry watchers are at odds as to the direction of the South Florida housing market in 2024.

Bullish investors are predicting housing demand will reignite once interest rates begin to fall. Bearish investors contend that home prices are too high and likely to collapse in the months ahead.

To better understand whether the statistics support the bulls or the bears, we have run the numbers during the last four months. We have collected the key statistics on condos, luxury condos, distressed condos and rentals for all 17 coastal markets, stretching from Miami’s Coconut Grove north to Downtown West Palm Beach And The Island.

All of our statistics have been published in a series of reports posted on this website between January and early May.

Now, we are combining all of the previously compiled condo and rental statistics to create a series of reports to better identify the best and worst markets in South Florida based on the numbers.

It is worth noting that we crunch a lot of statistics each week and then publish the results byway of a series of reports posted on CondoVultures.com.

If you want the reports emailed to you, just sign up for the Miami Condo Market Intelligence Report With Peter Zalewski™ newsletter at: PeterZalewski.substack.com

If you are interested in participating in a community that shares realtime, actionable information on the latest real estate trends, opportunities and service providers in South Florida, we encourage you to join the Miami Condo Market Investing Club™.

Additionally, we encourage you to listen or view our podcast wherever you get podcasts. Additionally, the podcast is available on AppleSpotify and/or YouTube.

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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