Saturday, January 12, 2008
For my condo shopping friends...
Until you realize that the identical unit next door sold for $610k in February 2006 (a 13% decline over two years). And the slightly bigger unit on the other side of it (1,700 sq.ft.) sold for a whopping $680k in July 2005. The graph above illustrates the sales on the $680k unit. Anybody wanna bet these units will be available in the $300k range by this time next year?
Check it out for yourself on Zillow.