“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.
In the first month of 2015, my Realtor said to me…
As we gear up for this week’s blowout South Florida by the Numbers holiday office party, we pause to reflect on another fascinating year in Miami and South Florida real estate. For this year-in-review, we’ll look back at the most critical and impactful number from each month’s collection of statistics — and even provide a few updates! The past twelve months have been a bit of a roller coaster ride, as general unbridled optimism has given way to cautious “brake pumping” among the area’s top developers and analysts — just in time for the Fed’s first rate hike in nearly a decade. If the past is any indication of the future, let’s toast to 2016 and gain some much-needed perspective with this “2015 Look Back” edition of South Florida By The Numbers.
January – Year Ahead:
6,400: Estimated number of new condominium units (east of I-95) expected to be completed in South Florida over the next twelve months. This represents a fivefold increase in the number of completed units delivered since the current cycle began in 2011. (5,400 of these units will be completed in Miami alone in 2015.) [Miami Herald]