Market Outlook – Condos

As the amenities of condo living become ever more desirable, and as the baby boomers move into their 50s and 60s – their peak earning (and inheriting) years – the 2006 condominium market should be hotter than ever. More and more people of every age, fed up with time and peace of mind sacrificed to long commutes, are finding that “vertical” urban living is convenient, simple and stylish. Developers are recognizing that not all condo buyers are looking for less space, and many new units have as much square footage as a house, without the burden of maintenance and many added perks.

Among condo buyers, the Westside is still the hottest area in Los Angeles, with many new buildings under construction to meet the demand. That demand should continue to exert a modest upward force on condo prices and keep sales moving along at a strong pace. For home sellers, it’s a great time to convert house dollars into condo comfort; for new buyers, condos continue to be a reliable investment – and a great way to live.

Some areas of interest on my site: