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The Real Deal Miami

Cabana Colony down 57 percent from peak

February 17, 2011 09:51AM

Palm Beach Gardens’ Cabana Colony, which is between the Frenchman’s
Reserve golf course community and the Downtown at the Gardens shopping
area, has seen the median price of qualified or arm’s length
transactions fall to $110,000 in 2010, down 57 percent from the peak
annual median of $257,000 five years ago. Around one of every 20 homes
in the 791-home community are in foreclosure, according to data from
CoreLogic. [Palm
Beach Post]