The Real Deal Miami

Boca condos trade for steep discount

September 05, 2012 11:15AM

The 10 largest condominium resales in Boca Raton-Delray Beach market in the second quarter traded at an average discount of 19 percent, according to a report from Miami-based brokerage and consultancy Condo Vultures. The 10 sales netted a combined $17.9 million, or $505 per square foot. The condo units had been listed for $22.2 million, according to the report. — Alexander Britell