The condo market

I've been in New York City the past several days. I was there for a real estate conference and also had time to enjoy a little of the city. Donna and I got to see a couple of Broadway shows, the Producers (don't know what all the raves are for on that one) and the Lion King (absolutely loved it!). Also saw a great exhibit on the human body called Bodies. If you get a chance to see, go. Anyway, it was a busy week last week. No only was I away but I also had two closings during the week, one the day before I left and the other on Friday. I wasn't there so a colleague helped. Needless to say my week was a little stressful.

Someone asked me how the condo market is and whether they will get a good price on their current condo when they sell two years from now. Not having a crystal ball, I can't say what kind of price you'll get. What I can say though is that there are a lot of condos out there and the thing that will make your condo stand out and sale faster and possibly at a higher price is pricing. I've said many times that now more than ever it's so important for the condition of the property and the price to match. Keep your condo in good condition, update it if it needs it and price it competitively. Don't overreach because it will just sit there if you do. Here's the latest condo stat from GCAAR: http://gcaar.com/statistics/2006/dccc0606.pdf
Remember, if you have any real estate questions or concerns, please give me a call or shoot me an email. Enjoy the rest of your day.