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As South Florida’s condo market faces a potential inflection point in 2025, many buyers, sellers and real estate professionals are wondering what’s next as monthly fees spike, resale inventory surges and mortgage rates remain stubbornly high.
Analyst Peter Zalewski of the Miami Condo Market Investing Club joined me on the Feb. 20, 2025 for a special episode of The MiamiHal Real Estate Show webcast to share some insights and statistics on the current state of the market. The program was broadcast live from the Miami’s Community News studios in South Miami. It is available on-demand here anytime: miamihal.com/the-miamihal-real-estate-show/peter-zalewski-episode-152
During the 34-minute-long episode, Zalewski discussed a variety of topics, including the future of “vintage condos” (condos that are more than 30 years old), the dismal number of associations that completed Structural Integrity Reserve Studies (SIRS) by the Dec. 31, 2024 deadline (only 32% were successfully finished!), and the latest troubling resale trends in Miami-Dade County…