I suggest that we post interesting finds as we look at the market.
I’m kind of a hands-on person so I’d rather see what’s happening on the ground. Trends, data, and the conceptual stuff is fine but there’s nothing like real life.
I didn’t graph or analyze resale data for Downtown. But I see 1 bd units sitting on the market in the low $300k now. My gut instincts tell me those same units will be selling in the low $200k within 2 years.
Downtown buildings look nice and glamourous at first but as time goes by, they look drab and unappealing as a homes to actually live in. I think what drives the downtown market now is the fashion and lifestyle aspect of being in an urban setting. Just like fashion, people won’t be buying last season’s outfits. The newest buildings will sell but, except for some outstanding builings, the old units will be passé real quick.
