Today we are going to take a look at: 90 George St. Just the one condo building in the Byward Market, due to its unique nature, design, location and amenities it really is its own neighbourhood.
Completed in 2009 the Five Star condo complex has seen a grand total of 14 resales in 2 years, or about 7 sales/year (keep in mind the builder is still selling unoccupied units as well).
As of December 5th, 2011 there were 6 active condos for sale in the building an 1 conditionally sold unit…so if the tread held true there are enough condos for sale in the building to last through 2012. Luckily that’s not the case as people shop around between neighbourhoods/condo buildings too.
When we dig deep into the sales, the longest taking 133 days to sell, and the quickest sold in 2 days, we find a trend, the condos under $425,000 at 90 George, sell quickly…and those over take a lot longer.
Ask us what that means to you at http://www.OttawaRealEstateQuestions.ca
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