State of South Florida Housing Market: 1 Home Available For Every 50 People

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Oct

2008

State of South Florida Housing Market: 1 Home Available For Every 50 People

Foreclosures, Short Sales, Property Liquidation

Written by Condo Vultures

Condo Vultures® - Market Intelligence Report State of South Florida Housing: 1 Property Available For Every 50 People For every 50 people living in South Florida, there is currently one single-family house, townhouse, or condominium actively for sale in the tricounty region, according to a new report by the Bal Harbour, Fla.-based consultancy Condo Vultures® LLC. Nearly 110,000 residences are actively for sale in Miami-Dade, Broward, and Palm Beach counties, a region where the U.S. Census Bureau estimates that 5.5 million people live, according to the report. Condominiums and townhouses account for 56 percent, or 61,779 residences, actively available on the market. Single-family houses represent the remaining 44 percent, or 47,861 residences, of the available inventory, according to the report. On a resid