For those who missed it earlier this evening, CBS4 aired a segment entitled “Is Downtown Miami’s Condo Market on the Rebound?“. CBS4 reporter, David Sutta, highlighted the recent sellout of the Viceroy Tower at Icon Brickell and interviewed our very own Michael Light, of the Miami Condo Investments team, to get his perspective regarding the dwindling condo inventory in Downtown Miami. Light compares the condo inventory at the peak of the market to the inventory that now exists. Over the past year, prices have begun to rebound in Downtown Miami as inventory has been swallowed up predominantly by foreign buyers. There is no reason to believe that the market turnaround will reverse course anytime soon as new condo inventory in Downtown Miami is years away from hitting the market.
Have an interest in buying, selling or renting a Miami condo or home? Contact me, Lucas Lechuga, of Miami Condo Investments. When hiring me as your agent, you can be assured that you will be working with a Realtor ® who is:
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