The Real Deal Miami

Sunny Isles condo sales jump 67 percent in the third quarter

November 03, 2011 12:03PM

Sales of new condominiums jumped 67 percent year-over-year in Sunny
Isles Beach in the third quarter of 2011, according to a  report from
Condo Vultures. A total of 175 units were sold in the city in the
three-month period from July to September, a jump
from 105 transactions in the same period in 2010. There are now 675
unsold condos from the boom, according to the report. “Sunny Isles Beach
is on pace to sell out of new condo inventory in the next 15 months
based on the transaction velocity in the first three quarters of 2011,”
said Peter Zalewski, founder of brokerage and consultancy Condo
Vultures. — Alexander Britell