1st Quarter 2008
Condo/Loft: 9 Sales
Average Price/Sq Ft: $158/sq ft
Average Days on Market: 114 days
Median Sold Price: $69,000
Average Sold Price: $100,811
1st Quarter 2009
Condo/Loft: 4 Sales
Average Price/Sq Ft: $138/sq ft
Average Days on Market: 28 days
Median Sold Price: $168,500
Average Sold Price: $164,250
Overview
Of all the Intown Markets, the downtown condo market has definatley been hit the hardest. Although the price per square foot has dropped, the average sold price has gone up - indicating that this market may be levelling out soon. The biggest problem here is that there is alot of inventory pushing prices down. If you are in the market for a condo or loft - it is reallly a great time to buy one. The Churchwell Lofts in particular are a great buy right now - they have come down tremendously in price and have all the great "loft" materials one might expect, including exposed brick and ductwork and elegant kitchens with marble islands. The entry price point is in the low 200's.
Insulation is very good. It doesn't only make your home hotter in winter, it also helps maintain it cooler in summer. This can be a little bit as a flask which keeps drinks cold or hot by providing a good insulating cover between the drink and the out side air flow.
ReplyDeleteloft insulation