Is anyone buying a condo in south florida?

With the economic news of late, I was wondering how the data looked in the Miami and Fort Lauderdale oceanfront condo market for the last 30 days.   There is plenty of activity out there.  Furthermore, overall inventory numbers are on the decline.   

In the past 30 days…..

Broward County (Fort Lauderdale, Hollywood, Hallandale, Pompano, etc.)

  • 55 oceanfront condos went  to contract (pending) 
  • 63 Closed Sales
  • Closed sales are on average at 88% of asking price

Dade County (Sunny Isles, Bal Harbour, Miami Beach, etc..)

  • 56 oceanfront condos went to contract (pending)
  • 62 Closed Sales
  • Closed sales on average are at 90% of asking price
What does this mean?  Those that can buy now are taking advantage of market conditions as well as a healthy inventory to choose from.

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