The condominium and Patio homes market heats up...

Posted Jun 19, 2007 @ 6:45 pm, Viewed by 383 Visitors, Read 387 Times.
Why are condominiums and patio homes remaining strong in today's real estate market? In my opinion, it goes back to the basics of supply and demand. While home sales are strong in Louisville, the inventory levels keep rising...meaning that there is an inevitable reckoning coming where the two must meet up again.

So I started researching at our local board of REALTOR  for which segments of the market had the lowest inventory / sales ratios. Condominiums and patio homes in Louisville and particularly  in the  East  End of Louisville had the most demand and the least supply!

if you have a condo to sell, this still means marketing, but it is an encouraging thing to see these market levels more in balance than the rest of the market.

Eric Blackwell

Technologist

Louisville Real Estate | Southern Indiana Real Estate

RE/MAX Properties East

Southern Indiana Search Marketing / EriconSearch

My Local Search Engine Marketing Blog

Real Estate Industry Watch

Insider News and Opinion from the Real Estate Industry

 

  • Rate this Post!
  • Print

1 Responses to “The condominium and Patio homes market heats up...”

Eric - We see the same thing here in East Tennessee. More and more people are wanting condos, especially for investments (overnight rental). This demand started about 2 years ago and now we have about 6 major developments underway that are very nice luxury condos in the heart of Pigeon Forge and Gatlinburg. Slightly different market scope, same demand.

Posted 1 year ago
Eric Blackwell

Eric Blackwell Eric Blackwell is Director of Technology for RE/MAX Properties East. He helps REALTORS reach and assist their clients using Technology and he is the Webmaster of www.HomesinLouisville.com. Eric also consults on Search Engine Marketing issues and does Search Engine Optimization for select clients. Read More

Related Posts
This User's Stats
Blog Entries: 56
Average Blog Rating: 8
Unique Views: 26,079
Total Views: 27,282
Comments Posted: 144
Comments Received: 227
Friends
  • Calgary Agent
  • Calum
  • Dennis Pease
  • Eric Bramlett
  • Gulf Coast Associates
  • Indy Realtor
  • Lydia
  • MARK Z
  • Matt Scoggins
  • Morgan Carey
  • OCTeam
  • rmasse10
  • Wayne Long