Condos

Boston Condo Market Peaked - Huge Inventory Available

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!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 […]

26Mar2006 | Tom Royce | 0 comments | Continued

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

Orlando Adds 2 New Condo Projects

The condo boom is not over in Orlando, as 2 multi-million dollar project were announced yesterday. With all of the negative comments about the Florida condo markets, it is interesting to see 2 announced at the same time.

The Orlando area’s condo boom got another boost Thursday with the announcement of two more multimillion-dollar deals. […]

18Feb2006 | Tom Royce | 1 comment | Continued

New York Top Hotels Convert to Condo’s at Rapid Rate

It is not only the Plaza that has converted some of its rooms in New York City recently as this International Herald Tribune article states, but many of the top properties in the city are converting to condo’s. And the list of potential buyers continues to grow. The cachet of living in one of the […]

16Feb2006 | Tom Royce | 2 comments | Continued

Barat College Campus Closed : DePaul sells to Developer for Condo Complex

Developer Robert Shaw is purchasing the former campus of Barat College and is turning it into Barat Woods, a condominium development. Barat College merged with DePaul University in 2001, but higher than expected operating costs forced DePaul to close and sell of the campus.

Today, officials from DePaul, Barat Education Foundation and City of Lake […]

26Jan2006 | Tom Royce | 0 comments | Continued

A Tale of 2 Florida Markets - Part 1 - The Condo Market

The condo market in Florida is about to hit a major speed bump as inventory and demand are not lining up. The over building of the condo market has created an inventory glut, just as higher interest rates and housing bubble pricing have pushed up the cost of condo ownership to unrealistic levels.

This skyrocketing […]

10Jan2006 | Tom Royce | 1 comment | Continued

Washington Condo Sales Cooling

The condo market in the Washington DC Metro area looks like it is having a natural slowdown. The scary part of the equation is the large quantity of new condos that will be coming into the market in the next 3 years. This one factor could suppress prices for the next few years.

That means that […]

8Jan2006 | Tom Royce | 0 comments | Continued

Plaza Apartments, They Ain’t Cheap!

Or,” she said, “to be exact, $9,455,625.”The near-eight-figure price was not for an apartment in a prewar building on Park Avenue or Fifth Avenue or Central Park West where Ms. Lambert has made a career of brokering big-money sales. This apartment was in the Plaza Hotel. New York Times.

And so it begins. The Plaza has started […]

5Jan2006 | Tom Royce | 0 comments | Continued

Real Estate Bloggers Roundup

We present our semi-regular Real Estate Bloggers Roundup today and are expanding it from the typical Bubble Bloggers that we cover regularly. We have found a couple of blogs that are very well written and have become part of my daily reading schedule.
Northern Virginia Real Estate Guide – written by an Oenophile no less […]

31Dec2005 | Tom Royce | 0 comments | Continued

The Plaza Private Residences - New York Realty

The famed Plaza Hotel is now offering private residences for sale. The property is offering 1, 2, and 3 bedroom units and Duplex and Triplex Penthouses for sale. Pricing is not set, but if you go into the registration section of the Plaza Residence website, you can see the approximate pricing for the property.

1 Bedroom […]

24Dec2005 | Tom Royce | 3 comments | Continued