Are Condo Towns a Value Play in 2023?

January 19, 2023

Have you lived in a condo before?  Have you lived in a house?

What would you say is a good way to marry the two?

If you’ve ever wanted to feel like you live in a typical “house” but keep most of the conveniences in condominium living, then let me tell you – a condo townhouse is perfect for you!

In fact, condo townhouses were perfect for everybody who ever wanted a house but couldn’t afford one, and just didn’t feel like a condo apartment was enough.

But over the years, as buyers flocked to condo townhouses, the prices went crazy.  So crazy, in fact, that condo townhouses just about pulled even with comparable freehold, and it no longer made sense.

How are condo townhouses being priced so far in 2023 now that the market has changed?  That is what we’re going to discuss today!

In this episode of Pick5, I’ll show you five condo townhouses, ranging in price from just over $700,000 to just over $1,100,000, and we’ll look at comparable sales from last year to see whether there’s been an adjustment in price expectations on behalf of the sellers, or if they’re just completely out to lunch.

Hope you enjoy!