Could not agree more. I feel downtown will hit the 250-300 sf range depending on the quality of the unit and the view. Those who wait will do great here.
Downtown has the perfect recipe for the biggest fall. Definitely among the top areas where speculation ran rampant. A growing resale inventory along with plenty of new development. I very poor pending to active ratio. High carrying costs (HOA) for the nicer properties. Pretty much a perfect mix for healthy depreciation cycle.
