Most of the significant differences lie in the buildings themselves and there are some great ones but much inventory to be sorted through before we have a handle on where prices are heading in the long term. Perhaps the most important recent development is the bulk sale of the remaining 150 unsold units at 2700 North Ocean in June. This development features twin towers and had a true condominium component as well as hotel/condo units. It will be very interesting to watch what the new owners have planned for the marketing of these units.
Looking at the supply of units in comparison to recent demand I would be betting on pricing pressure for the foreseeable future but in the long term those who buy wisely should be rewarded.
Always at Your Service,
Tom Priester e-PRO
"Results Driven Real Estate"
Keller Williams Realty