At the end of the first quarter, Sunny Isles Beach still had 1,000 condominium units unsold of those build after 2003, 37 percent of which were in Trump projects, according to a report from brokerage and consultancy Condo Vultures. While buyers purchased 69 units in Sunny Isles in the first quarter for a total of nearly $68 million, the transaction pace appears to have slowed. In the first quarter of 2010, there were 105 condo sales for a total of $102 million. “Sunny Isles Beach is proving to be an anomaly when compared to other Miami-Dade County condo markets with an overhang of new inventory,” said Condo Vultures founder Peter Zalewski. TRD
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Sunny Isles still has 1,000 unsold condos
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