Florida's Struggling Condo Market Explained

Do you own a condo in Florida or are you thinking of buying a condo in Florida? If so, you can't miss this episode!

Carolyn & Kellie discuss Florida's struggling condo market and the causes of it. From a 106% increase in inventory in Brevard County condos over the same time period in 2023, to a decrease in sales price of 2.2% over prior year sales, as well as how new condo laws put into effect in 2024 in Florida are having a major effect on sales and pricing of condos.

Fact check The Surfside Collapse happened 6/24/2021, exactly 3 years ago to the day when this video was filmed.

What are the new condo laws in Florida?

Fully funding reserves, structural integrity inspections, milestone inspections. What does this mean? Big assessments to those associations that have not been doing maintenance as needed or collecting reserves. Transparency of finances will be required, as well as training of board members to be required.

Don't miss all this important condo market info!
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