Investing in Condos

Condominium investments have become extremely popular in the past few years as investors are experiencing unprecedented returns in real estate.

The U.S. condo market has been fueled by a decreasing supply of land in urban areas, low interest rates and relatively low prices per square foot when compared with other markets around the world.

Exceptional appreciation has also been experienced by domestic and international investors who have purchased one or more pre-construction condo units and then subsequentially sold the units prior to taking occupancy. In order to guide you through the process, USCONDEX has provided you with a variety of condo investor resources.

U.S. Condo Sales Price

The graph above illustrates the steady increase in the median sales price
of condominium properties from 1989-2004. The median condo price in 1989
was $86,000 compared to $197,000 in the third quarter of 2004. This figure
represents a 114% increase in 14 years. Most of the increase has occurred
within the last 5 years, with an average increase in median condo sales price
of 11% per year.

Quick Condo Facts

	More than 5 million American households live in condominiums
	One half of all condos are purchased by first-time homebuyers
	Appoximately 1/3 of condo buyers are single women
	Condo prices continue to experience strong appreciation, rising at double the rate of single family homes
	Over 70% of homebuyers initiates their sales search online