Don Maclary, Real Estate Pro in Virginia Beach, VA

Has anyone noticed condo sales picking up?

Asked by Don Maclary, Virginia Beach, VA Tue Apr 16, 2013

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Yes, in Pinellas County Florida we have a 4.5 month inventory of homes and an 8.5 month inventory of condos.

Without doubt condo sales are strong now because one can purchase a condo for MUCH less than a single family home, even at comparable sq, footage. On the beach and waterfront, of course that is different as location, luxury and views come into play.

How are things up there?
0 votes Thank Flag Link Tue Apr 16, 2013
Very busy with inventory shortage ........... view inventory at http://chooseahomenow.com We have high end and low end left very little in the middle.
Flag Wed Apr 17, 2013
Home prices have recovered quite spectacularly. National home prices in May posted their biggest annual gain since February 2006, CoreLogic reported Tuesday.

It has been more than seven years since the housing market last experienced the increases that we saw in May.

Best of Luck,

Maria Cipollone

http://www.Flahomespecialist.com
0 votes Thank Flag Link Thu Jul 18, 2013
In my area (Southern California Inland Empire) it is hard for buyers to get a condo becasue so few are FHA approved. You have to have the lender check their database to determine if the condo is FHA approved. If it isn't, the buyer would have to pay cash or go conventional. Great condo values out there, but few buyers can get them. Hopefully, that will change in the not so distant future. But, I am glad to hear that other areas aren't having the same issues! :)
0 votes Thank Flag Link Thu Jul 18, 2013
All types of sales are picking up in our area. It's been a crazy good year for both home sellers and home buyers!
0 votes Thank Flag Link Thu Jul 18, 2013
yes they have in my area it has as prices have went up about 15%( SouthEast Florida )... buyers are realizing last Summer was truly the time to buy so by next year mid 2014 the prices will be up another 10% or so ..so if you desire a nice home or 2nd home condo etc .. look for a good deal and if you decide to wait for the perfect deal you might wait a long long time ..just look at the link below though these places you can rent ASAP AND SOMETIMES 2-4 TIMES A YEAR AND PETS/DOGS ARE ALLOWED ..those places have more sales as buyers and sellers want more flexibility a lot
0 votes Thank Flag Link Wed Apr 17, 2013
There's a severe SFR listing shortage in Palo Alto, driving buyers toward condos that are usually under contract in less than 30 days.
0 votes Thank Flag Link Wed Apr 17, 2013
In Fort Wayne we have a 3 month inventory. How's that for a seller's market?
0 votes Thank Flag Link Tue Apr 16, 2013
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