K Shaped Condo Curve. PSF $500
I've been analyzing the condo market, even potentially dipping my toes into buying one.
Have been recently talking to some insiders in various dev companies, and there's whispers mentioning there's a K shaped curve between detached, semis and townhouses and condos.
One even mentioned they wouldn't be surprised if condos hit $500 psf.
So for a 1000 square foot condo (a box in the sky), it would be $500,000 which would be a reasonable valuation.
Curious to see what happens in 2021! This temporary blip increase in prices is too small of a statistical signifiance to actually determine market trends.
Have been recently talking to some insiders in various dev companies, and there's whispers mentioning there's a K shaped curve between detached, semis and townhouses and condos.
One even mentioned they wouldn't be surprised if condos hit $500 psf.
So for a 1000 square foot condo (a box in the sky), it would be $500,000 which would be a reasonable valuation.
Curious to see what happens in 2021! This temporary blip increase in prices is too small of a statistical signifiance to actually determine market trends.