GTSRENO-53808 New Article

Despite the June collapse of a beachfront condo building in Surfside, Fla., condos near the oceans remain in high demand. In the second quarter, condo prices climbed by at least 20% annually in the majority of the country’s oceanfront counties, according to a new report from ATTOM Data Solutions, a real estate research firm.

Less expensive oceanfront condo markets, which are mostly located in the South, showed the largest year-over-year gains. The most expensive counties in the West, on the other hand, showed the smallest condo price gains, according to the report, which tracked 86 oceanfront counties. Researchers sought to determine whether the collapse of the Champlain Towers South condominium building in Surfside in June has affected the demand for oceanfront condos nationwide. It hasn’t, they found.