2008 YTD Stats

I thought I'd check in with the stats so far this year and here is what I found:

Since January 1st: 570 condos have sold and closed.
Same time last year: 761
That's a drop of 25% over last year. About what I expected to find.

Here's what was listed during the same time frame:
2008: 1,733
2007: 2,082

216 condos are now under contract with an accepted offer and have not yet closed.

Okay, so what's that all mean?

Simply put, it means condos are selling...just not as many as last year.

If you're looking to Buy, congrats! You've timed the market perfectly! Contact me and we'll find the one that's right for you.

If you're looking to sell there are two things:

1. You need an agent that knows condos and knows how to market your condo to Buyers.
2. If you're selling your condo and moving to another...look on the bright side, you too have timed it perfectly to buy!