The recovery of the condo market is not in the near future.
Some buildings are in the process of a healthy recovery and represent good opportunities for an investment.
How do you recognize them?
The number of months of inventory for sale is one of the tools to determine the future trend of the value of the units.
Below, you will find the numbers of all condos in Miami-Dade:
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The building Apogee in South Beach has now 11 units for sale. Ten units sold in 2009, 9 sold so far this year. That means that Apogee has less than 12 months worth of inventory for sale.
The building " Jade" in downtown Miami has today 25 units for sale. 44 sold in 2009, 18 sold this year so far.
These 2 buildings are example of good opportunities.
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