Cashing in on the great condo bust

Great bargains abound, but you have to shop carefully.

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Denver
Denver
Price: $399,000
Rooms: 2 bed, 4 bath
Sq. ft.: 2,309
Taxes: $6,211¹
Dues/Mo.: $251

The property is one of two unsold units in an otherwise owner-occupied "live work" development; includes space for an office or business on the first floor. "The asking price is $180,000 less than its preconstruction price two years ago," says Denver realtor Michael Kearns.

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Last updated February 25 2010: 5:22 PM ET
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¹Taxes for the Denver condo are based on a higher previously assessed value.
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