The Real Deal Miami

South of Fifth has 400 condos for resale

December 17, 2010 10:05AM

There are nearly two years of resale condo inventory on the market in
South Beach’s South of Fifth neighborhood, according to a report from
real estate consultancy Condo Vultures. There are nearly 410 condo
resales listed on the market in the area as of Dec. 16 despite an
average of just 19 units selling per month in the last six months. “The
South of Fifth neighborhood is flooded with condo resales at the
moment,” said Condo Vultures founder Petter Zalewski. TRD