Lenders Sold 10 Condos At $218 PSF Average In Delray Beach - Boynton Beach
Lenders are currently trying to sell only one real estate owned (REO) unit in the Delray Beach - Boynton Beach market in Central Palm Beach 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 Delray Beach - Boynton Beach market in Central Palm Beach 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 Delray Beach - Boynton 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 including condos in the Kings Bay House on North Ocean Boulevard, Tropic Harbor on Spanish Trail and Hidden Harbour on North Federal Highway, according to an analysis based on statistics from CondoVulturesRealty.com.
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Currently, two distressed condos (one REOs and one shortsale) are currently listed for sale in Delray Beach - Boynton Beach, according to the Southeast Florida MLX Matrix.
The Delray Beach - Boynton Beach market is defined for this report as Spanish River Boulevard north to Lake Avenue, and Atlantic Ocean and Interstate 95.