As of January, more than 13,000 newly built condominium units have sold in South Florida since mid-2011, which represents more than three-quarters of the total units built or currently in the pipeline.

The latest figures released by ISG World, a real estate sales and marketing firm that tracks the sales activity of new residential projects east of Interstate 95 in the Miami and Fort Lauderdale areas, point to healthy absorption over the last five years.