Bank-Owned Condos Listed At Average Price Of $265 PSF In Pompano Beach

  • Published by Peter Zalewski
  • 4/17/2024
  • 9:01:58 PM
Lenders are currently trying to unload two real estate owned (REO) units in the Pompano Beach market in Northeast Broward County.

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

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 looking at the winners and losers in the Pompano Beach market in Northeast Broward County.

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