61 Distressed Condos Languish On Market In Greater Downtown Miami As Winter Fades

In this episode of Condo Capitalism™, Peter Zalewski and broker-owner Jenny Huertas of CVRRealty.com discussed the growing number of REO and shortsale units listed for sale in Greater Downtown Miami.Condo Capitalism™ is a weekly podcast hosted by Peter Zalewski of the Miami Condo Investing Club™ that provides data-driven analysis on distressed real estate—foreclosures, shortsales and bank-owned REOs—in the tricounty South Florida region of Miami-Dade, Broward and Palm Beach.The program tracks the Florida Condo Association Financial Cliff, where rising maintenance fees, special assessments and insurance costs are squeezing cash-strapped owners.On the show, experts analyze how the national “two-sided risk”—rising inflation and falling employment—magnifies these local pressures, potentially forcing a capitulation by owners who can no longer afford condo living.Join Peter Zalewski at MiamiCondo.Club for a livestream every weekday at 4 pm (Miami time). On-demand recordings of all shows are available here.Episode OverviewIn the Feb. 19, 2026, episode of the Condo Capitalism™ podcast, host Peter Zalewski is joined by broker-owner Jenny Huertas of CVRRealty.com to discuss the state of the distressed condo market in Greater Downtown Miami.During the 58-minute podcast, Huertas and Zalewski explored what it means that 61 distressed condos—both Real Estate Owned (REO) units by lenders and shortsales— are available for purchase as the South Florida Winter Buying Season begins to wind down before the buyer pool thins with the arrival of Summer’s heat, humidity and hurricane warnings.Zalewski added color to the discussion by naming a growing list of well recognized condo projects in Greater Downtown Miami that now feature distressed units.The duo discussed the factors driving a surge in bank-owned inventory despite the high-profile narrative of a booming South Florida condo market.The conversation delved into the stark disconnect between lender asking prices and actual transaction data, which has led to a buildup of inventory that is no longer moving at its current valuation.Huertas provided an on-the-ground perspective regarding why certain owners are opting for the distressed route rather than attempting a traditional sale in a market where inventory is mushrooming.Specific attention was given to the “dead zone” of the Greater Downtown Miami condo market where transactions have effectively stalled, leaving sellers in a precarious position as carrying costs for these units continue to rise.The duo identified the specific submarkets within Greater Downtown Miami that are bearing the brunt of this trend and how these distressed listings are beginning to recalibrate the expectations for neighboring unit owners.