Published by Peter Zalewski
4/17/2024 
9:01:58 PM 
A bank-owned unit in the waterfront Hillsboro Light Towers sold for $390,000 or $390 per square foot in 2023. (Photo courtesy of Google Maps)
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.
Currently, three distressed condos (two REOs and one shortsale) are currently listed for sale in Pompano Beach, according to the Southeast Florida MLX Matrix.
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.
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This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com
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Condo Market Inventory Tracker
A Snapshot Of Tricounty South Florida Region Of Miami-Dade, Broward And Palm Beach
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 24,016 | 10.2 |
| Luxury Condos | 3,740 | 15.1 |
| Shortsales | 30 | 15.0 |
| REOs | 126 | 6.6 |
| Rentals | 21,476 | 3.9 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
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