Condominiums in Sunny Isles growing scarce

By
Real Estate Broker/Owner with Global Realty Partners

The availability of units for sale in Miami's real estate market continue to become scarce at a steady pace. Last month Sunny Isles had a total of 658 condos on the market. As of this month stock shows a reduction of 624. The same concept is happening in Bal Harbour condominiums. In March there was 210 available units for sale and now in April there is a reduction of 207. Sellers have begun to notice the direction the market is headed so many are deciding not to sell, but those who do decided to sell are selling because they have found something else to buy. South Beach condominiums also shows the same decrease in units. There are many new construction plans revolving around building new condominiums in the Miami area.

 

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Rainmaker
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Team Honeycutt
Allen Tate - Concord, NC

Your blog is so interesting. It seems that finally we are beginning to see condos sell pretty fast. That is such a different story than it has been for the last few years. I am very optimistic about our economy this year.

Betty

May 04, 2012 12:59 AM #1
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Rainer
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