Miami Beach Condos: Florida’s Real Estate Inventory Shrinking

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By Carole VanSickle
The number of homes for sale in South Florida has shrunk to the lowest number since 2008, with about 49,900 residential properties on the market as of last week[1]. That is less than half of the number for sale in November of 2008. Peter Zalewski, a principal with Condo Vultures, credits foreign buyers who are “scooping up South Florida properties at dramatic discounts” with the decrease in volume, and points out that these buyers have an advantage over domestic buyers who are dealing with a lack of financing options. But the property demand is not equally distributed throughout the state. In fact, Palm Beach County carries nearly 36 percent of all of the homes for sale in South Florida. Zalewski predicts that investors are starting to look away from Miami, which he believes has largely “stabilized,” toward Broward and ultimately Palm Beach.

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Pamela Diaz-de-Leon With an accomplished background encompassing Diplomacy, Architecture, Business and Film, Pamela Diaz-de-Leon brings to the real estate industry the entrepreneurial expertise which stem from her interdisciplinary experience. Her world wide network of distinguished personalities carefully knitted of relationships formed in her five years as the Cultural Attaché for the Instituto Cervantes, serving the King of Spain, in Chicago, and her Hollywood connections acquired while working with a recognized film distributor, give her the global platform in which she has developed her business with great success. Knowledgeable, informed and organized she holds ethics and integrity as her highest values thus, providing her customers with an excellence of service that ensures their utmost satisfaction and their continued loyalty to her work. Office. 305.677.5055 Cell. 305.720.8439
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