Less than four percent of the 5,100 completed condominiums created during the development boom in Downtown Fort Lauderdale and the Beach are unsold as of Sept. 30, 2010, according to a new report from CondoVultures.com.
The total number of unsold developer units was reduced by 69 condos in the third quarter of 2010, leaving less than 180 units created since 2003 still in developer control, according to the report based on the soon-to-be-published Condo Vultures® Official Condo Buyers Guide To Downtown Fort Lauderdale and the Beach™.
My Take:
It looks like vacation markets across the country might be firming up – foreign buyers who enjoy the US and rock-bottom prices certainly don’t hurt either. Let’s see what happens.
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