Category Archives: Condos
Condominiums are designed to provide multi-family housing and are good solutions for many homebuyers.
Indicators for a Strong Market in Multi-Family Housing Units
- Single and Non-Traditional households represent the majority of housing consumers.
- Single Women make up nearly a quarter of the homebuyer market and they prefer Multi-family Housing.
- Condos are also gaining interest among first time home buyers, empty nesters and retirees.
- Condos are great second homes
- And usually they are owner occupied instead of renters.
If condos are such a good investment – why are there so many for sale?
The supply outweighs the demands. When a single home is offered, that is one home on the market but when a developer sells a project, it is usually 500 plus homes to the market. An oversupply doesn’t always mean the product is deficient. When affordable housing is available, why would you pass it up? Ask your Realtor about the great Condominiums or Townhomes in your area. Your Realtor has the connections for exactly what you are looking for.
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