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According to San Diego's largest condo development company, a housing trend of higher prices for condominiums is coming. Although nationally the condo inventory is very high, many metropolitan areas are seeing condo availability decline considerably. A simple exercise in supply and demand, inventory is decreasing as the demand has increased over that from a year ago, thus spotlighting at a predictable trend for the next several years.


As condominiums gain in popularity, buyers consistently want the latest in amenities and look for more and more square footage. According to a survey in 2005, the average condo size was only about 1,400 square feet. Some of the future condo projects coming to the San Diego area, as well as other urban developments will average 1,600 square feet to accommodate an evolving consumer demand. As is the case with single-family units, with condominium interest, size does matter for buyers.


The reduction of inventory alone places demands on the marketplace. Factor in improved financing options, lower interest rates, and lower pricing, and the combination points at a revival market in to not-too-distant future. Now that you know all this, it's time to focus on marketing condo listings in your area!


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