Everybody loves a sale, so why not a Tallahassee condos sale featuring some of the best buys on downtown condominium units that we might ever see?
The "attached" housing market is beginning to recover nicely, and since the market bottom is likely behind us for good, homebuyers should be scouring the market for some great deals.
Tallahassee Condos Sale Includes Townhomes
For the purpose of our Tallahassee condos sale, I have to include townhouses as well, even though there are differences between the ownership of these two types of properties.
For the sake of simplicity though, our Tallahassee condos sale is really focused on "attached" housing (eliminating "detached" housing).
Unit sales of condominiums and townhouses is finally on the rise, as we see in the real estate graph below. The red bars measuring existing condo sales on the left vertical axis, while the green bars show the amount of new Tallahassee condo sales.
The red and green lines show average prices on the right vertical axis in this Tallahassee condos sale, with green measuring "new" and red measuring "used."
Condominium and townhouse prices have not yet begun to sky rocket back above the cost of replacement.
This means that a prudent shopper at our Tallahassee condos sale can find something for about 75 cents on the dollar for what it would cost to build. This is like buying a car below manufacturer's cost, and in a sense it represents the buyer's long-term safety margin against over-spending.
Taking Part In The Tallahassee Condos Sale
The reason I refer to this as a Tallahassee condos sale is because low interest rates, combined with severely depressed prices which are now beginning to show signs of strengthening, make this a sale to remember.
If you have ever heard an older person say something like "I remember when I could have bought that for ....," then you should understand that we are now living in those times. People 20 years from now will look back at our Tallahassee condos sale and say "I could have bought a townhouse in downtown Tallahassee for less than $100,000, and now the cheapest around is over half a million!"
Mark this article, save it, and you will see that I am right. It's as if Crazy Eddie from New York has set up shop and is running the Tallahassee condos sale. Will you get an investment for the future, or will you be the one remarking about what you could have done?
If you would like to take part in the great Tallahassee condos sale, just drop me a note and we can schedule a time to put you on the path to a very smart real estate investment.
Joe Manausa, MBA is a 27 year veteran of real estate brokerage in Tallahassee, Florida and has owned and managed his own company since 1992. He is a daily blogger with content that focuses on real estate analytics and providing his clients with a tactical advantage in today's challenging market.