Excerpt from: Scottsdale real estate and news
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| May 03, 2007 | | Are Scottsdale condos over priced? | | Scottsdale Condos seem not to be very popular options for many buyers and especially those that best match that market. The sheer competition in the Scottsdale condo market should keep prices down, with all the new projects in addition to the large amount of condo conversions. That's clearly not the case as prices for downtown Scottsdale condos start around the $500,000 mark and go quickly up. Other areas have condo conversion in the $300,000 price range, putting even those out of range for a lot of potential buyers. Limited demand will mean a price correction. We'll see if that happens and how much. | |
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