We think Thunder Bay can absorb one, maybe even two, condo
projects per year," he says.
Once registered on the site, users can save their search criteria in My Saved Searches and save favorite condos
and/or buildings in My Watch List, which will send them an email alert whenever there is a price reduction or new listings on the market.
As supply continues to shrink and sellers hold on to the bargaining power, condo
buyers can expect competition to remain fierce.
owners, he said, cannot, or will not, pay rising common charges.
The ratio of sales contracts to newly supplied condos
in the area was 86.
First, as mortgage rates continue to rise and the single-family housing market slows, so will condo
sales, resulting in more properties being delivered as rentals than the market is anticipating.
About half of all condos
are purchased by first-time buyers," said NAR President Walt McDonald, broker-owner of Walt McDonald Real Estate in Riverside, California.
A reflection of lower sales activity, condos
in Manhattan spent a median of 82 days on the market in January, 19 days longer than December and the longest time on market since February 2013.
Mary Ann Rothman, executive director of the Council of New York Cooperatives & Condominiums, a nonprofit organization that advises co-op and condo
boards, said one of the most noticeable spikes in fees came right after Sept.
Christensen and others said condo
conversions rehabilitate older buildings, spruce up neighborhoods and spur redevelopment.
Home purchasers' appetite for new condo
offerings will remain strong, because their tendency to prefer condos
in central Tokyo to those in the capital's outlying areas will remain,'' the analyst said.
has acquired Canada-based condo
review platform TheDirt.