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You are here: Home / Market Analysis / Analysis: Understanding New Condo Pricing and Risk
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Analysis: Understanding New Condo Pricing and Risk

towers staff August 10, 2009 Comment

Condo fire sales at Brazos Place, the Shore and other projects have led readers to question the value of purchasing condo units directly from the developer during or prior to construction. In these and other projects, full price buyers have seen the value of their units plummet when the developer dumped excess units at a deep discount.For example, one reader told us that their large Shore unit recently appraised for $525K, roughly . . .

 

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610 Davis ST #4704
Austin, TX
Photo of 610 Davis ST #4704, Austin, TX 78701 (MLS # 3909496)
$5,294,000
40
  • Lot Size

  • Home Size
    3,285 sqft

  • Beds
    5 Beds

  • Baths
    5.5 Baths

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