Overview:
While single-family homes are appreciating, South Florida’s condo market is facing headwinds due to new regulations and rising association fees.

What’s Changing:

• Median condo prices in Broward and Palm Beach counties have dropped by over 13%.
• New safety laws post-Surfside require higher reserves, leading to increased monthly costs.
• Older buildings are seeing price reductions of 15–25%, creating opportunities for value buyers.

Takeaway:
Buyers should weigh long-term costs and building health when considering condos—especially in older developments.