Fall 2002 Market Update – Pre-Sale & Protecting your Investment
October 2, 2002
Pre-sale is a speculation�??pure and simple. If the market conditions are good, you will look like a genius. Buyers who purchased suites 2 years ago and are taking possession now, are very happy campers. Not only have the prices generally improved but the supply/demand ratio has totally flipped around. In 2000 the Downtown market was flooded with re-sale opportunites and there were very few buyers taking advantage.