Waiting until next year is a good idea. Be sure to track every comparable townhouse condo sale in the area: all the stuff over in Renaissance & University Town Square, and the Barcelona’s as well. Go to the open houses, etc. This should allow you to really narrow down what, and is not, a fair deal when it comes time to buy. After closely tracking that long you’ll be able to spot a good deal as soon as it lists (or when a seller finally drops the price enough).
The best thing about any of those condos is that they’ll always cash flow if you ever need to rent it out.
I love the UTC area as well. But I wish there were more single family homes. The only two developments are Valencia (across from Barcelona) and Vista (next to Renaissance). In both cases the prices of the homes come at a heavy premium when comparing to the rest of University City.
