At 57-Story Echo Brickell, Nearly Every Condo Has Now Closed
In this feel-good story it could be easy to miss a significant problem that the unit owners face. While 95% of the buyers have closed on there purchase, an astounding 37% of the units are now back on the resale market via the MLS. If you estimate another 15% are unlisted shadow inventory, better than half of this building is for sale. These owners have a BIG problem!