Condos : The Real Estate Bloggers

Condos

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Dorms For Adults - A Growing Trend in Expensive Cities?

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The high cost of rent or ownership is creating new challenges for those who are just entering the workforce or are in careers that provide intrinsic benefits but not a big pay check. As marketplaces often do, a new […]

17Sep2006 | Tom Royce | 1 comment | Continued
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Southern Florida Condo Market Set to Take a Dive

The condo marketplace in Southern Florida is coming to a screeching halt as the speculators have left and the developers are looking at an over supplied market. Speculators, or flippers, have been very active in the south Florida condo market driving up prices and demand at a record rate.
Many pundits attributed the velocity of […]

22Aug2006 | Tom Royce | 0 comments | Continued
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As Condo Market Slows in Bubble Regions, Properties are Reverting to Rentals

As parts of the country experience the end of a housing bubble and rentals in these regions are hard to find, the marketplace is doing its job by turning condos into rental units to fill the demand.
Property developers tend to be smart enough that if you see demand for  purchase rising,  the  building will go condo. […]

14Jul2006 | Tom Royce | 0 comments | Continued
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Real Estate Is Local - Manhattan Condo Prices Hold Steady

While the condo market in many parts of the  country have taken a severe hit, the Manhattan condo market is remaining stable while new inventory flows into the market. The market slowed at the new year as people were not sure of what was happening, but once they saw stability in New York City, buying […]

9Jul2006 | Tom Royce | 0 comments | Continued
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New York City Condo Sales Trends

Curbed has an interesting post up on comparing the trends of New York City Condo Sales over the past 5 years. While the chart can be confusing, it does show a very consistent trend of pricing that varies by year and season. The 5 year cycles are interesting and shows that NYC real estate is […]

26Apr2006 | Tom Royce | 0 comments | Continued
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Asylums Turning Into Condos and Townhouses Across Country

When I was a teen I had a job that made me drive by the Pilgrim State Mental Hospital, a huge property that  housed the insane but was closed down. The huge property in the middle of Long Island is on prime real estate and sat  empty. It looks like these old psychiatric asylums are  now being […]

15Apr2006 | Tom Royce | 0 comments | Continued
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St. Paul Ford Plant May Turn Into Exclusive Condo Development

The St. Paul, Minnesota Ford Plant sits on some of the  best real estate in the region. The property overlooks the Mississippi River and those in the know are expecting that when manufacturing stops in a couple of years, the property will develop into one of the premier locations in the region. A mixed use […]

14Apr2006 | Tom Royce | 0 comments | Continued
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Massive Condo Conversion Deal in Boca Raton in Face Of Housing Bubble

In a move that on the outside seems perplexing, Elad Group of Florida is the buyer of 1,073 apartment units that will be converted to condominiums. The conventional wisdom is that the Florida condo market is saturated as buyers are on the sidelines and flippers are in a panic state as appreciation on the units has […]

7Apr2006 | Tom Royce | 2 comments | Continued
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Boston Condo Market Peaked - Huge Inventory Available

The Boston condo market has hit its peak this past fall, and now is accumulating a huge inventory of million dollar condos. My question is why do the builders keep creating the inventory when the market has turned.

There is now a 7.5-to-12-month supply of high-end condos priced at $2 million and above in the Boston, Brookline and […]

26Mar2006 | Tom Royce | 0 comments | Continued
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Silicon Valley Homes Hit Record High in February as Sales Slip

Silicon Valley has for years been the most expensive housing market in the country and has followed the trends of the technology industry as much as the housing industry. And it looks like this trend has nit changed. With a 14 percent decline in sales, the Valley showed an average selling price of 722,000 dollars […]

17Mar2006 | Tom Royce | 1 comment | Continued