I received an email this morning with condos at foreclosure prices in the subject line. I’m assuming the meaning of the subject line is that there are condos for sale at very low prices right now in the market place. These foreclosure or low prices may have something to do with the increase of condos that have sold over the same time last year in Florida as reported by FAR.
Right now in my Central Florida market area there are just over 4000 condos for sale. Of the 4000, 1700+ are listed as in foreclosure, pre-foreclosure, bank owned or short sale. Distressed properties are often listed at prices that are perceived as good value by home and condo shoppers. Of course each market area is unique to itself. If you are shopping for a Florida condo, contact me to receive information on condos in your desired location.
Related Florida real estate view:
Luxury condo in Orlando
Purchase a condo as a second home or vacation home
Is it difficult to buy a bank owned home or condo in Florida?
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