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The median sales price was $315,000 in July, up 50% from $210,000 in July 2020, per the Florida Realtors. Only 1.1% of Florida homeowners owe more than their home is worth. That means if costs ...
In Volusia County, condo sales are on pace for a year-over-year decline in 2024, according to numbers crunched by Mark Wright, director of real estate for the Property Appraiser's Office. Almand ...
Per the new Florida law, all three-story-plus condo buildings and at least 30 years old must undergo a mandatory engineering assessment before Dec. 31, 2024. Condo associations must also shore up ...
A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. These individual units are surrounded by common areas that are jointly owned and managed by the ...
Florida condo owners are being hit with these sky-high assessments for several reasons. Many insurers are demanding extensive repairs or upgrades to common areas as a condition of renewing the ...
Common area. A common area is, in real estate or real property law, the "area which is available for use by more than one person..." [1] The common areas are those that are available for common use by all tenants, (or) groups of tenants and their invitees. [2][3] In Texas and other parts of the United States, it is "An area inside a housing ...
Alexandra Glorioso. June 14, 2024 at 5:36 PM. Gov. Ron DeSantis on Friday quietly signed a controversial condominium bill into law that unit owners are already threatening to sue over if lawmakers ...
Owners at the Surfside condos in Daytona Beach, where a two-bedroom unit is currently listed for $415,000, have paid between $50,000 and $60,000 in assessments to have their building’s concrete ...