10 Bank-Owned Condos Sold For $286 PSF In Hollywood - Hallandale Beach Market
Lenders unloaded 10 real estate owned (REO) units in the Hollywood - Hallandale Beach market in Southeast Broward County in 2023.
We have crunched the statistics for the Year 2023 and plan on publishing a series of reports during this week on CondoVultures.com looking at the winners and losers in the Hollywood - Hallandale Beach market in Southeast Broward County. If you want the reports emailed to you, just sign up for the Miami Condo Market Intelligence Report With Peter Zalewski™ newsletter at: PeterZalewski.substack.com
The Hollywood - Hallandale Beach distressed condo market - shortsales and Real Estate Owned (REO) by lenders - is nothing like it was during the Great Recession years but the deals that traded are notable for the transaction price and where the units are located.
In 2023, discount buyers picked off 10 units in some well-known buildings including the Ocean Marine Yacht Club, The Olympus and the Sian Ocean Residences, according to an analysis based on statistics from CondoVulturesRealty.com.
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Currently, the only REO condo currently listed for sale in Hollywood - Hallandale Beach is located in the Costa Hollywood project on barrier island, according to the Southeast Florida MLX Matrix.
The Hollywood - Hallandale Beach market is defined for this report as the Miami-Dade County line north to Dania Beach Boulevard, and the Atlantic Ocean west to Federal Highway.