Complete collapse in Florida’s condo market. 40% price reductions on distressed listings.

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Factors such as rising homeowners association (HOA) fees, increased insurance costs, and new safety regulations have led to notable price reductions in some areas12. For example, a condo in Saint Petersburg saw its price drop by 40%, from $1.2 million to $715,000.

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https://www.newsweek.com/florida-condo-prices-collapsing-due-hoa-fees-surge-real-estate-expert-1938329

https://www.redfin.com/news/florida-condo-prices-dropping/

https://greenbuildingelements.com/functionally-obsolete-new-report-finds-80-of-florida-condos-could-be-worthless/


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