Volume is down but prices are actually up this year vs last year. It continues to be a buyers market with more inventory. Although many listings are still at higher prices, the actual offers and deals are getting m,ade at lower prices. Tthe gap between the asking and sales price is widening. In modern condos with amenitiues, like the Corinthian where I live and work, prices are appproximately $1100/SF for a 1 BR and $1200/SF for a 2 BR. Slightly lower on low floors and slightly higher for high floors.
David Vipler
Vipler Realty LLC
The Corinthian Condominiums
917-375-5673
dvipler@msn.com
http://www.viplerrealty.com
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- Sat Jul 12 2008, 11:23