Is Downtown Condo Living For You? Dallas TX

In the last year there has been an increase in the number of buyers moving into downtown condominiums. With the closeness of amenities and affordable prices it's easy to understand why buyers want to live in a condo for sale in Calgary. Many buyers see condo living as an attractive option because of the traffic congestion nightmares, the longer commuting times and the ever increasing construction of the Calgary roads.

Local Companies

First Select Residential
214-443-9776
3225 Turtle Creek Blvd
Dallas, TX
Cultural Awareness International, Inc.
(214) 691-4113
2626 Cole Avenue, Ste. 710
Dallas, TX
Intown Properties
214-641-9876
2613 Thomas Ave.
Dallas, TX
Paula Walvoord
469 569 4446
3454 Shenandoah
Dallas, TX
Lexington Park Plano LP
214-354-2228
6688 North Central Expressway
Dallas, TX
Green For Houses
(214) 493-9902
P.O.Box 7102
Dallas, TX
Keller Williams
214-526-4664
8201 Preston Rd., #265
Dallas, TX
Capital Edge Realty
214-505-3296
9090 Skillman St #182A-214
Dallas, TX
Prudential Ultima Real Estate
214-642-9390
9550 Forest Ln.
Dallas, TX
VIP Realty
214-295-4888
3010 LBJ Freeway, Suite 1200
Dallas, TX

Is Downtown Condo Living For You?

In the last year there has been an increase in the number of buyers moving into downtown condominiums. With the closeness of amenities and affordable prices it's easy to understand why buyers want to live in a condo for sale in Calgary. Many buyers see condo living as an attractive option because of the traffic congestion nightmares, the longer commuting times and the ever increasing construction of the Calgary roads. Traffic in the city is probably the biggest factor for people making the move to downtown condominium living.

A lot of buyers who work down-town don't have to deal with the high cost of parking and the closeness to shops and restaurants is a bonus as well. Condo living has became a more popular way of living in the last 10 years. They look at condo ownership as an affordable choice since the increase in the sale price to residential detached homes in the last couple of years.

Choosing a condo for sale in Calgary is not just for the first-time home buyer but for mature people as well who choose to downsize and enjoy the convenience and simplicity of condo living. Condo living and the lack of responsibility can be a peace of mind for some people. Condo owners have the option to travel for months and not worry about their pipes freezing.

The average size of a downtown condo is approximately in the 600 square foot range and the average sale price is $330,000. Condo sales now represent at least a third of all properties sold in Calgary. The price per square foot for the cost of real estate, labor and materials is now in excess of $500.00 sq/ft.

The trend with buyers now is the purchase of condos and town homes rather than detached single family homes. There's been a decline in Alberta with homeowners purchasing single family homes. This decline went from 84 percent in 1996 to 78 percent in 2006. And in Calgary the decline from home ownership to condo ownership declined from 79 percent to 75 per cent since 2001 and this trend is not likely to change any time soon.

It's easier to live downtown or in the belt-line area more than ever with the construction of new buildings and the conversion of existing apartment buildings to condominiums. There were 2,841 units under construction in the fall of 2007 in the belt-line area, compared to 848 under construction in the downtown area. Just over 2,100 units have recently been approved for construction in the belt-line and 1,422 downtown. In the belt-line, downtown and nearby neighborhoods more than 11,000 condos for sale are being proposed for the future. Looking at these types of numbers you can see that there is a demand for this style of living

Copyright: Copyright © 2008 Lynn MacKenzie

About the Author:
Lynn MacKenzie is a former realtor and owner of http://www.MyCalgaryListing.com, one of Canada's most impressive FSBO resources. Lynn is an active consultant and author about the growing For Sale By Owner industry


Article Source: thePhantomWriters Article Submission Service

Featured Local Company

First Select Residential

214-443-9776
3225 Turtle Creek Blvd
Dallas, TX

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