Report: Discount Discrepancy Widens Between Miami’s Mainland, Barrier Island

Discounts in Miami-Dade County’s coastal condominium markets are moving in different directions depending upon which side of Biscayne Bay a particular project is located, according to a new report from Condo Vultures® LLC.

As the average discounts in percentage terms and total dollars deepens on Miami-Dade County’s Mainland where the bulk the new construction occurred, pricing is leveling off for condo units situated on the barrier island where the beaches are located, according to the Vultures Database™ Report for August 2008.

“The growing discrepancy in discounts between Greater Miami’s Mainland and the Barrier Island is not that big of a surprise given today’s buying trends,” said Peter Zalewski, a principal with the consultancy

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