Joe Kidd, Home Buyer in San Francisco, CA

Rio Grande condos flat line long term?

Asked by Joe Kidd, San Francisco, CA Fri Apr 25, 2008

I purchased a small 1 bed condo in rio grande in early 2007. It appears home values have flat-lined in my area. Any expectations on when it might pick up again? I know they are doing a lot of development down town and trolley square but wont be completed until 2011 but I'm hoping to see appreciation sooner.

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Salt lake condos sales have been extremely stable and somewhat appreciating over the last 12 months. I think with all the development downtown, job growth and location of your home. I would expect your home to stay stable until next spring and follow with appreciation. After all condos are easy to get loans on our market is not over saturated, It just has been over priced in the past. Just to give you an Idea, Im closing 3 buyers in the condo market just this week!
0 votes Thank Flag Link Mon Apr 28, 2008
Probably flat for another 18 months.
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0 votes Thank Flag Link Fri Apr 25, 2008
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