Florida Condo Sales Rebound

[Danae Pitcher]

Hot off the press in today’s Florida Realtor’s News publication:

Florida’s condo market is starting to rebound — and investors should be paying attention. 📈

April condo and townhouse sales rose 7% year over year, while pending sales jumped nearly 15% statewide. As single-family affordability remains challenging, more buyers are turning back to condos and townhomes.

For investors, this could mean:
• More opportunity
• Less competition than previous years
• Growing demand from affordability-focused buyers and renters

Financing and reserve requirements still matter, but the market is showing strong signs of stabilization and renewed confidence.  

Who else sees their condo markets picking up?

[Trent Reeve]

Quote from @John Underwood:

I would never buy a condo as an investment. 

HOA rules and fees.

Unknown future assessments.

Too close to other people that could create complaints and bad reviews.

Etc.

i would say it depends. I own 2 and manage another 2 in a complex in PCB. only around 10% of units arent rented. And yes, there are HOA fees, but we get pool, landscaping, tennis/pickleball courts, direct private beach access. I dont have to pay for pool service, landscaper, internet, water, insurance that i would have if i owned a house. For the price point, you also wouldnt be able to buy a house directly on the beach. and if you have a good HOA board, you dont have unknown assessments.