Condos overrunning homes in Miami-Dade, report says

Posted on 20 Jul 2015 in Miami What's New | 1 comment


An inventory chart of homes, condos and townhomes in Miami-Dade County

A new report from brokerage Esslinger Wooten Maxwell shows that the number of condos on the market in Miami-Dade County has now more than doubled that of single-family homes.

With this influx of new inventory comes a 3.7 percent decrease in sales volume for condos for the second quarter, compared to the same period of last year. A total of 4,588 condos were sold in the second quarter of 2015, down from 4,764 from the previous year.

Ron Shuffield, CEO of EWM and author of the report, said this trend will continue into the foreseeable future.

While more and more condos are coming online, the market is depleting its stock of single-family homes. Demand is clearly up, as sales volume in June was 6.4 percent higher than the same month last year, but the number of homes for sale has decreased 4.8 percent in that same time frame.


Inventory and sales figures for condos, townhomes and houses in Miami-Dade from June 2015 to June 2014

“While we are certainly not heading towards the drastic slowdowns experienced in the mid-2000s, there are clearly ripples in the market of which we need to be aware, and adjust accordingly,” Shuffield wrote in the report.

Interestingly, the supply of homes and condos with price tags over $1 million has notably increased. There is now 11.3 months of inventory for single-family homes in that price bracket, up from 9.3 months the year before, and 17.9 months for condos, up from 11.9 months.

More info at

One comment

  1. Betsy / March 1st, 2017 2:04

    I'm a huge fan of Maverick, my rides on it were flawless, if a bit violent. Raptor on the other hand rode horribly the last time it took me for a spin, and honestly I'd take a Batman over it based on that ride.It was however a hypothetical list, and I could certainly see alterations in an official top ten, possibly rearranging or even removing all of my chosen rides. This kind of exchange however, is exactly why I wrote the arcl.ietI'm glad you enjoyed the piece, it was a blast to write it.


Leave a Reply

Your email address will not be published. Required fields are marked *