Final 2018 Condo sales analysis

Posted by John Garrett on Sunday, April 14th, 2019 at 7:38am.

After 6 straight years of increasing condo sales we say our first dip in number of condos sold.  Am I worried the condo market is cooling?  Not at all.  First of all the decrease was only 2% less than 2017.  Second, the number of condos for sale is at it's lowest point in decades.  This is my 25th year of selling Lake Condos and I never recall the inventory being this low relative to the number of condos in this market. 

While it does pose a challenge for a first time condo buyer, it also reinforces the importance of hiring a Condo Expert like John Garrett.

 

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