Florida Condo Prices See Sharpest Drop in 15 Years—as Insurance and HOA Costs Surge
Florida Condo Prices See Sharpest Drop in 15 Years—as Insurance an…
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Florida condo market sees price drops as insurance costs remain high
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Florida condo market sees price drops as insurance costs remain high
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Florida condo market sees price drops as insurance costs remain …
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Florida condo drops price nearly 50% as housing market struggles
Florida condo drops price nearly 50% as housing market struggles
4 months ago
MSNSuzanne Blake
Have you ever wondered why the price for a condo in Florida is steadily increasing?⁠ The answer is not so black and white. ⁠ A recent RedFin analysis of MLS data in 43 of the most populous cities found median monthly condo HOA dues are up more than 15% over the year in Tampa, Orlando and Fort Lauderdale compared to a 6% increase overall.⁠ ⁠ In Miami, dues jumped 5.7% over the year, the analysis found. RedFin said that was partly because the median monthly HOA due there was $835, which was higher
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The Florida condo market is in free fall. Prices are crashing and inventory is surging. Track condo prices in your zip code on www.reventure.app We’re seeing huge price cuts — as much as 20% over the last two years. In St. Pete Beach, prices are down almost 10% year over year. The main reason? Skyrocketing HOA costs. Near the beach, HOA fees are $1,000–$2,000 per month. It’s too expensive for most second-home or vacation buyers. Now, Florida’s condo market has almost 10 months of supply. That’s
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