If you are interested in downtown real estate, you must check out the newest Urban Residential Report from the Downtown Partnership.
Of note is the complete lack of new condominium builder inventory. New rental buildings continue to go up, and occupancy rates are higher than ever, but the lack of available construction loans has caused the condo market to become depleted. The demand currently outweighs the availability in our largest downtown complexes (ICON, Encore, Viridian, Terrazzo).
Sellers are in the driver’s seat for the first time in a long time. And steep pricing appreciation during the past 12 months has put most sellers back into an equity position. Foreclosures are short sales are long gone.
Download your copy of the Residential Report
issuu.com/agentsteph77/docs/2013_residential_report?e=1294999/5380235
