Condominiums Outperform Single Family Homes | The Real Estate ...

August 7th, 2011 by Matt Hinkle

Chart#1

Over the last three years, Single Family Home (SFR) prices fell 16.4% and Condo prices fell 13.6% from their peak in Q2 of 2008. Prices for both property types fell quickly though 2008 and began to rise again in 2009. SFR prices recovered more quickly and began to trend up in Q2 of 2009. Condos took slightly longer to recover, trending up two quarters later in Q4 of 2009. SFR and Condos reached a second peak in Q2 of 2010, of $881,000 and $675,000 respectively. As a point of reference, the Governments Home Buyer Tax Credit expired in April of 2010, which may have attributed to this upward trend in prices during the second quarter. From this peak, both SFR and Condo prices fell again through Q1 of 2011. Here, both SFR and Condos reached a bottom for the period of $775,000 and $629,000 respectively. When compared to the second peak in Q2 of 2010, SFR prices have fallen 7.5% and Condo prices have been relatively flat (down less than a percent). However, from the bottom in Q1 of 2011, prices for SFR are up 5% and prices for Condos are up 6.5%.

You can leave a response, or trackback from your own site.

Sorry, no posts matched your criteria.

Source: http://blog.863katy.com/2011/08/condominiums-outperform-single-family-homes/

jennifer connelly stardust stardust apprentice the hard times of rj berger charles darwin charlie and the chocolate factory