Catalpa Gardens finds the sweet spot

Catalpa Gardens

Catalpa Gardens‘ recent price reductions, combined with the first-time buyer tax credit and the availability of FHA-insured financing with as little as 3.5 percent down, must have created a triad of incentive for buyers, because 45 condos at the Edgewater development sold in 60 days.

Sales manager Paulette Rodriguez of Jameson explains: “More than half of the sales are FHA deals, and 75 percent of the buyers are first-time purchasers taking advantage of the $8,000 tax credit.” Almost 90 percent of the 126-unit development is now sold.

Watch video and find coverage on Catalpa Gardens through the Yo archives.

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