Commercial Real Estate Prices

Discounts On Re-Sale of Lender Commercial REOs

Posted on Thursday, June 18, 2009

Here's a quick recap of some of the ruors floating around out there about the extent to which lenders are discounting prices on the sale of commerciall REOs....

Miami-Dade County:
Aventura: Bank-owned condo reduced by 52 percent.
Bal Harbour: Bank-owned, oceanfront condo reduced by 33 percent.
Coral Gables: Bank-owned home reduced by 57 percent.
El Portal: Bank-owned home reduced by 69 percent.
Miami: Bank-owned condo reduced by 85 percent.
Miami Beach: Bank-owned condo reduced by 66 percent.
Miami Shores: Bank-owned home reduced by 73 percent.
N. Bay Village: Bank-owned home reduced by 55 percent.
N. Miami: Bank-owned condo reduced by 87 percent.
N. Miami Beach: Bank-owned condo reduced by 78 percent.
South Miami: Bank-owned home reduced by 80 percent.
Sunny Isles: Bank-owned condo reduced by 44 percent.

Broward County:
Dania Beach: Bank-owned house reduced by 21 percent.
Fort Lauderdale: Bank-owned condo reduced by 58 percent.
Hallandale: Bank-owned home reduced by 43 percent.
Hollywood: Bank-owned home reduced by 74 percent.
Oakland Park: Bank-owned home reduced by 66 percent.
Pompano Beach: Bank-owned condo reduced by 33 percent.

Palm Beach County:
Boca Raton: Bank-owned condo reduced by 47 percent.
Boynton Beach: Bank-owned condo reduced by 40 percent.
Delray Beach: Bank-owned condo reduced by 42 percent.
West Palm Beach: Bank-owned home reduced by 27 percent.


Supporting Materials

Comments

1000 characters maximum Your Name:    

By Category

Recommended Sites