MIAMI—Over the past six months, all eyes have been on South Florida's single family home market, which jumped by 25% in Q2 compared to condo sales. However, single-family home inventory is now at an all-time low, pushing buyers back towards condos and spurring a leap in condo sales.
RelatedISG International Realty recently reported condo sales in Miami, Broward and Palm Beach County were up by 31% in new transactions this October compared to October of 2019.
South Florida just ranked No. 4 on the national list top relocation destinations during the pandemic and the numbers back it up, according to a prepared release. The tri county area saw a total of 1,503 condo sales between October 1st and 21st of this year, signaling high activity in the condo market and the beginnings of a rapid recovery.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
