Yes, there is a significant interest in purchasing condominiums today because alot of buyers don't want the "big house" as much as they did over the past 10 years...reason being, the larger the home, the greater the monthly expenses. I believe buyers are just getting tired of working for their homes. So, I would say condos are a great alternative to a single family home, which typically will be more expensive than a condo.
Having said that, you also need to be very careful when purchasing a condo...there are numerous questions to ask each condo association (too many to mention here), but some general guidelines are that you will need: a copy of the Resale Certificate, Financials, Monthly Common Charges (and what they consist of), etc.
If you need any additional information, you can contact me at firstname.lastname@example.org
Coldwell Banker Residential Brokerage
in general the condo market has been struggling. There are changes concerning FHA loans in the near future which could affect the condo market negatively. Have you spoken with a mortgage broker as of yet?
When applying for a mortgage for a condo, the condo complex has to meet certain requirements. I could list many, but I feel you need too speak with a mortgage broker first.
You started with homes in Darien and now condos in Greenwich. I am assuming it is because of the price point.
So my suggestion is speak with a mortgage broker and nail down what you need to qualify for a mortgage for both a SF and Condo (which is different). Next contact a real estate agent and they will be able to do an in depth analysis of the market. I assuming from your last query is that you will be commuting to NY on the Metro and wish to be as close to NY as possible. Many people have similar needs and usually start with the towns closest to NY and then work their way up the line.
If you need more information feel free to contact me. As an agent with a company with multiple resources, we may be able to help with your search.
Candace Lipira, Realtor
Prudential Ct Realty