Report: New Construction Condos In Miami 83% Sold

The vast majority of condos in Miami’s new and proposed condo buildings have been pre-sold, in a highly bullish report from ISG World.

Highlights of the report include:

  • Most new condos sold out: 83% of the 20,008 new condo units east of I-95 that are proposed, under construction, or delivered have been pre-sold
  • Little new inventory coming to market: New condo groundbreakings are a fraction of what they were a few years ago. Smaller levels of new supply could put upwards pressure on pricing
  • Low inventory on existing homes: Residential inventory for rent and resale in Miami-Dade and Broward is low, with active listings stable
  • Long term trend is up: On average, condos built since 1993 have appreciated 229%, or 9% per year

The full report is below.

 

 

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Anonymous

“in a highly bullish report from ISG World.”

I quickly misread that as in a highly bullshit report. lol

Anonymous

Don’t complain, if you have better and more accurate information, clue us in.

Anonymous

It wasn’t a complaint. I simply misread it(my fault). Laughed about it, shared it with others on here, and moved on.

Anonymous

Oh, is that what you meant? Now you have people wondering why you found it important to admit that.

Luis R.

Sigh* Dude let it go already. I found it funny too. No big fukin deal. Quit being a d***

Anonymous

This ^

Anonymous

There is always that one guy. lol. sigh*.

btw, I found bullshit report funny AF too.

Anonymous

+1 here. Don’t forget the ” highly “. Sounds funnier in front of the bullshit report. ?

Anonymous

Looks like all you guys are just as goofy as this first poster.

Anonymous

Hey Luis R, I guess hurling insults at somebody on the internet gives you the feeling of being brave, but in reality you know you’re just another little wimp.

Anonymous

To be fair, any report that thinks Moshe Mana will build is questionable.

Anonymous

No doubt this report took a lot of hard work, but unfortunately there is a lot of bullshit.

Anonymous

But.. how’s the secondary market?

Anonymous

it’s looking good.

Anonymous

still selling 10%+ below ask?

Anonymous

Yes will prob continue till the end of the year then even out.

Gringo

As an investor / owner everything I own is spoken for, buy if you can….