The Real Deal Miami

Foreclosed condos top sales lists

June 02, 2009 12:01PM

They’re still at the top of the list, but now it’s a positive statistic: bargain basement prices set by the banks that foreclosed on them meant seven of the top 10 most foreclosure-ridden complexes last year ranked among the 10 top-selling projects in the first three months of 2009. Miami-based market research firm CondoReports.com compiled the data, which listed the three top sellers as Shoma at Keys Cove in Homestead, ranked first with 50 sales; Mandarin Lakes near South Miami Heights, with 32 sales; and Bluewaters subdivision in the Country Walk area, also with 32 sales.