 |
| Rendering of Crimson Residences on Biscayne Bay Downtown Miami, FL |
MIAMI, FL -- Developers are betting on a monumental comeback
of the South Florida condo market by asking a median presale price of $725 per
square foot for the thousands of preconstruction units currently proposed for
the tricounty coastal region of Miami-Dade, Broward, and Palm Beach some seven
years after the dramatic real estate downturn of 2007, according to a new
report from CondoVultures.com.
 |
| Peter Zalewski |
Preconstruction condo prices in South Florida range from
less than $250 per square foot to nearly $2,650 per square foot with a mean
price of $960 per square foot, according to a new survey of the nearly 50
projects that are currently preselling units.
On a county-by-county basis, the mean price for a
preconstruction condo is more than $1,060 per square foot in Miami-Dade, nearly
$575 per square foot in Palm Beach, and less than $500 per square foot in
Broward, according to the report.
A list of the pre-construction condo project prices will be
distributed during a lunch presentation by real estate consultant Peter
Zalewski of Condo Vultures® LLC on July 30, 2013 in Greater Downtown Miami.
The event - but not the research - is sponsored by the
mckafka Development Group, which is building
the proposed Crimson Residences On Biscayne Bay condo tower in
Downtown Miami's Edgewater neighborhood.
(For information on attending the luncheon, call
305-377-3337 or send an email to Crimson@Baker-CVR.com.)
For a complete
copy of the company’s news release, please contact:
Condo Vultures® LLC
225 Midtown Building
225 NE 34th St.,
Suite 209B,
Downtown Miami, Florida, 33137.
1-800-750-0517.
No comments:
Post a Comment