Lenders Sold 10 Condos At $218 PSF Average In Delray Beach – Boynton Beach

  • Published by Peter Zalewski
  • 5/2/2024
  • 11:43:59 PM
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.

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.

Leave a Reply

Skip to content