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
2 years ago

“in a highly bullish report from ISG World.”

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

Anonymous
2 years ago

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

Anonymous
2 years ago

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

Anonymous
2 years ago

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

Luis R.
2 years ago

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

Anonymous
2 years ago

This ^

Anonymous
2 years ago

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

btw, I found bullshit report funny AF too.

Anonymous
2 years ago

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

Anonymous
2 years ago

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

Anonymous
2 years ago

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
2 years ago

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

Anonymous
2 years ago

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

Anonymous
2 years ago

But.. how’s the secondary market?

Anonymous
2 years ago

it’s looking good.

Anonymous
2 years ago

still selling 10%+ below ask?

Anonymous
2 years ago

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

Gringo
2 years ago

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