Newer Florida Condo Prices Surge, But Old Condo Values Crash

Posted: December 16, 2024 | Source: www.mansionglobal.com

The average price for newer Florida condos has jumped 23% since 2020, while the price of Florida condos older than 30 years have lost 41% of their value. Experts point to a new Florida law that requires buildings 30 years or older to undergo inspections that may cause significant monetary assessments for their owners.