The Real Deal Miami

Condo resales jump in Hollywood/Hallandale

February 10, 2012 12:45PM

The Hemispheres condominium

Buyers purchased an average of 140 condominium units per month in the Hollywood/Hallandale Beach market in 2011, an increase of nearly 20 units per month from 2010, according to a report from Condo Vultures. “The Hollywood/Hallandale coastal market is benefiting from the influx of investors chasing deeply-discounted condo resales that can be leased out to tenants who are willing to pay higher rents,” said Peter Zalewski, founder of brokerage and consultancy Condo Vultures. The increase represented a jump of nearly 18 percent. “As condo price strengthen in other coastal markets, the Hollywood/Hallandale Beach market is looking increasingly attractive to investors focused on South Florida,” Zalewski said.
Alexander Britell