The seven largest markets in South Florida have officially sold 91 percent of the 49,000 condo units that were built in the pea of the real estate boom. 2011 comprised of 3,000 of these sales in the new condo market. The properties, which are located all throughout the region in the following areas: Miami, South Beach, Sunny Isles Beach, Hollywood/Hallandale Beach, downtown Fort Lauderdale, Boca Raton, Deerfield Beach, downtown West Palm Beach and Palm Beach, brought in an estimated $1.8 billion. All of the properties are located east of Interstate 95.
Experts have speculated that the remaining properties will be sold by the first half of 2013. The West Palm movers are also informed that a large market for selling the properties has been the international buyers anxious to scoop up South Florida property.