More than 400 Pre-Construction Units Sold in Miami During September
Miami continues to expand in an unprecedented but certainly thrilling manner. A client from California who is a financial consultant for major corporations and has to travel all over the United States made the comment in a recent visit that she has not seen any other city that is growing at this pace construction wise anywhere else in the country.
South Florida’s current condo boom is ramping up in preparation for the approaching winter buying season, when visitors from around the world have historically descended upon the tri-county region. In the last 30 days, developers have announced plans to build an additional 24 new towers with more than 3,200 units for sites east of I-95 in Miami-Dade, Broward and Palm Beach counties.
With the newly announced projects, developers have now proposed 180 towers with more than 28,250 units in Miami-Dade, 56 towers with nearly 6,500 units in Broward and 44 towers with more than 3,600 units in Palm Beach. Overall, developers have now proposed 280 condo towers with nearly 38,350 units for sites located east of I-95 in South Florida as of September.
News of the two-dozen new South Florida towers comes at a time when buyers purchased nearly 450 preconstruction condo units in the last month. Buyers were the most active in Miami-Dade, acquiring more than 400 preconstruction units within the last month.
On the pricing front, the mean minimum presale price for a preconstruction condo unit in South Florida is about $762 per square foot as of Sept. 5. On a county-by-county basis, the mean minimum price is about $844 per square foot in Miami-Dade, about $498 per square foot in Broward and about $496 per square foot in Palm Beach. * Notes taken from Peter Zalewski writing for the Real Deal.
Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me atJuanSolerRealtor@gmail.comTime is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!
To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com
No comments:
Post a Comment