Oceanfront Condo Closed Sales-Bank Owned-Short Sale or Motivated Seller-Part 2

In continuation of the previous post Oceanfront Condo Deals-Bank Owned, Short Sale or Motivated Seller,  we wanted to provide additional data on the South Florida Oceanfront Condo market including, Miami, Fort Lauderdale, Palm Beach and all the localities along the coast. The data below details the breakdown of closed sales for the past 6 months.  

Although, there are short sales and bank owned properties closing, clearly the majority of transactions are not distressed properties.  Furthermore, buyers today are all looking for great opportunities.  It is safe to conclude that the non-distressed sales were offered by motivated sellers in tune with the current market conditions.  The buying opportunties out there certainly fall into all three categories and are not limited to just distressed-properties.

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