Condo REversions in the making? Excellent article from The HooK. We would not be the first market to see these reversions – Arizona (no longer available), Florida (no longer available) (both stories via HBB (archived: 2009)), San Diego (archived: 2007), Maryland (no longer available). A kind reader emailed me a rumor about a local condo conversion possibly contemplating reversion; as soon as I have confirmation one way or the other, I will note it here. As with any investment, do your due diligence.
Related reading:
Condo buyers take developers to court over failed promises (WSJ)
Are there two Charlottesvilles?
Houses are Selling (and analysis from November removing condos from the equation)
Charlottesville Realtor and Marketing stats (showing the number of agents involved in condos/new construction)
The best description of the market I have read this week (referencing a condo project)
Condos and CharlAlbemarle Stats
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I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
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