Published by Peter Zalewski
5/2/2024 
11:43:59 PM 
Lenders sold 10 real-estate owned (REO) units – including a unit in the Village Royal project – in the Delray Beach – Boynton Beach market of Palm Beach County in 2023. (Photo courtesy of Google Maps)
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.
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
Additionally, we encourage you to check out our video and audio podcasts.
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
Copyright © 2024 Condo Vultures®, LLC. All Rights Reserved.
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.
Confused about whether it is the appropriate time to buy or sell a condo in South Florida? The experts at CVR Realty are here to assist you in crafting a strategy during this uncertain time. Unlike many brokers offering services, our organization has been through the cycles and can assist you to capitalize on the situation.
For a free consultation, please contact the South Florida Condo Experts
or Visit
Directions