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In Tampa, the number of condos for sale leaped around 57% in July from a year earlier. In Houston, the number of condos for sale rose close to 36% in the same time period. In both metropolitan ...
As of June 21, 2013 the Crestview neighborhood has seen a 19% increase in year over year sales volume. Inventory rates remain very low with a total of 3 months' worth of homes currently listed for sale and an average Days on Market of less than 20 days. Foreclosures and/or distressed sales are uncommon in this market given the high demand.
In Florida alone there are niche retirement communities for Polk County retired letter carriers (which was union-built); for car buffs and RVers, such as Lake Weir Preserve in Marion County; for first-generation Indian immigrants (55-and-over) in Tavares, in the Greater Orlando area, Lake County, Florida.
Membership in a condo is obtained by buying the shares on the open market, most often through a real estate agent. No board approval is needed to buy shares, but in some cases other stockholders or the housing cooperative itself has the right to claim the stocks being sold. There is usually no requirement for the owner(s) to live in the condo.
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