Lender-Owned Condos Listed For $267 PSF In Downtown Fort Lauderdale and Beach

Lenders are trying to unload four real estate owned (REO) units in the Downtown Fort Lauderdale and Beach market in Central Broward County.

The Downtown Fort Lauderdale and 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 three units including a condo in the W Fort Lauderdale on Fort Lauderdale Beach, according to an analysis based on statistics from CondoVulturesRealty.com.

Currently, five distressed condos are currently listed for sale in Downtown Fort Lauderdale and Beach, according to the Southeast Florida MLX Matrix.

The Downtown Fort Lauderdale and Beach market is defined for this report as Oakland Park Boulevard south to State Road 84/Stranahan River, and the Atlantic Ocean west to Interstate 95.

In the 12 months of 2023, buyers purchased three REO condos at an average price of about $470,417 per door or about $464 per square foot, according to the stats.

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 Downtown Fort Lauderdale and Beach market in Central 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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