Florida Condominiums Still A Hot Commodity

Florida condominiums continue to drive people to do outrageous things. For example, a report in the Christian Science Monitor this week told the tale of a group of real estate brokers who decided to camp out outside the sales office of a new condo conversion project for 4 days in order to pick up choices properties. In the end, they were able to scoop up $3 million worth of Florida condominiums in Coral Gables. Their clients will likely resell these properties at a huge profit.

A rising supply of Florida condominiums does pose some potential danger to the market, however. Over the next two years, an estimated five year supply of new condos will be hitting the market. If this causes a glut, it could trigger a collapse of what some say is an overheated Florida condominiums market.