Only 3% of unsold condos downtown are complete

“Only 3 percent of the unsold condominium inventory that builders are marketing downtown is actually completed and available for immediate occupancy…An abundance of completed, unsold condos would be cause for concern, but of the 3,700 units expected to be finished downtown this year, more than 80 percent already are under contract.”

— Gail Lissner, vice president of Appraisal Research Counselors in her upcoming New Homes Magazine column, Housing Watch

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