"How much will this condo be worth in a few years?"
Is there a more important question for an investor? It's a question without a specific answer, though. Nobody can predict the future, of course. However, we can glean insight from what history tells us. The information we uncovered is pretty interesting.
Below is an analysis I prepared on the moving average of a 5 year hold of a downtown condo. We can look at the annual median sales price per foot of every recorded condo sale since 1997*. This is a broad market analysis including every downtown condo . . .
