The Motria Group's Market Blog: Condos are selling well
Monday Oct 24th, 2016Share
Condos are selling well... Demand for good condos is driving prices up. Last week my client looked at a condo on the waterfront that appeared to be well priced - the same price that the same condo a few floors up had sold a few months before. When my client went to put an offer in there were 8 other offers on it. It ended up selling for $40,000 over. This is an unusual pattern for these kinds of condos. They do not usually go into that kind of bidding. It appears that with the high price of houses, condos are gaining popularity.