The market for downtown condos is very active but quite different from the single family home market in two key facets.First, downtown condo owners who want to sell are currently competing with new units entering the market. If too many units come on at once, downward pricing pressure may ensue. That said, developers are very good at controlling prices and surprisingly patient. However, it's important to note that condo projects are more commodity-like than single family houses in established downtown neighborhoods.Second, units for sale within a building compete directly, and brutally, with other units within the . . .
