Bank-Owned Condos Listed At Average Price Of $265 PSF In Pompano Beach
Lenders are currently trying to unload two real estate owned (REO) units in the Pompano Beach market in Northeast Broward County.
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 Pompano Beach market in Northeast 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 Pompano Beach distressed condo market - shortsales and real estate wwned (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 four units including condos in the Hillsboro Light Towers at the Hillsboro Inlet, the Riverside Towers fronting the Intracoastal Waterway and the Tradewinds of Pompano on North Ocean Boulevard, according to an analysis based on statistics from CondoVulturesRealty.com.
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Currently, three distressed condos (two REOs and one shortsale) are currently listed for sale in Pompano Beach, according to the Southeast Florida MLX Matrix.
The Pompano Beach market is defined for this report as Northeast 24th Street south to Commercial Boulevard, and the Atlantic Ocean west to Federal Highway.