Condos Afloat

Vancouver, Canada is known to be one of the hottest and fastest growing residential markets in the world right now.  New Vancouver condos and homes are being developed across the city with more high-rises than most other major cities in the world.  Vancouver also offers many luxury waterfront condos and residences from the semi-affordable to the very expensive.  But here is an opportunity that I have yet to have seen…

By now most of us with our ear to the ground in the world of homebuilding and selling have heard of condos being sold aboard cruise ships and other things of this nature.  Well, there is a new opportunity aboard a retired cruise ship docked in Vancouver – 22 renovated condos ranging in price from $189,000 to about $600,000. 

The ship/residence is called The Aurora and will be at its dock five days a week and two or three weekends each month.  Once a month or so the ship will take short sightseeing trips along the Pacific Coast and once each year a longer voyage of about two weeks to destinations such as San Francisco. 




O Canada!

As condo developers struggle to sell units, many are looking to market their units outside their markets and even to other countries.  In some markets such as Arizona, many condo conversion units are being marketed to Canadians.  Why? Well, for one the dollar in the Canadian market is quite strong and much money is floating around that country thanks to oil and gas profits.  I feel that developers need to market outside the US and they should also change their campaigns a little bit as well.  Instead of simply advertising their projects, they should be advertising the US as well!  The US in the grand scheme of things is still a safe place to invest in condos.  Our government is still relatively one of the best in the world and like all real estate economies, there will be ups and downs.  If developers are having a problem selling units, they need to become malleable to the market place and start advertising differently.  Advertise where the money is...that's what I say!  When a kid gets paid $100,000 right out of college to drive a truck in the oil fields, typically that kid will have plenty of money to spend for investments.  So, make deals with oil companies in Canada and other parts of Canada to promote why investing in new condos in your area is a solid investment.  Play up your surroundings, amenities, low interest rates and you will most likely be surprised by the inquiries you will receive!

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San Francisco, California has recently been voted the nation’s most walk able city by Walk Score, a web site that assigns grades to addresses based on the proximity of amenities surrounding them. With rising costs of gas, New Condos in San Francisco could mean a lower cost of living for those that are able to take advantage of the convenience of the city’s public transportation accessibility. As seen in the picture below, most Californians in surrounding areas are paying well in excess of $1000 dollars a year on transportations costs. Residents of San Francisco are also claiming a better quality of life by having the ability to visit local markets, eateries and coffee shops by taking a stroll through the neighborhood. This luxury also attributes to the populations physical fitness placing San Francisco in the top ten fittest cities in the United States in 2007.

Go Zone Investment Tax Advantages

GO Zone Bonus Depreciation

The Gulf Opportunity Zone (GO Zone) includes areas along the Florida, Alabama, Mississippi and Louisiana Gulf Coast that were devastated by Hurricane Katrina.  One incentive for investors to stimulate rebuilding in these areas is the 50% bonus depreciation for qualified real property.  Bonus depreciation can result in significant tax savings for those taxpayers eligible for the deduction.

The bonus depreciation is a deduction for 50% of the adjusted basis of qualified GO Zone property acquired after August 27, 2005.   To qualify the real property must be acquired by purchase and placed in service before December 31, 2008. 

Eligible investors are generally those qualified as real estate professionals.  To qualify, more than one-half of their personal services performed in a trade or business must involve real property. Also the individual (or spouse) must perform 750 hours of service during the tax year in real property trade or businesses in which the individual (or spouse) materially participates.

Example 1: Tom is a real estate professional and purchases residential real estate with an adjusted basis of $2,000,000.  Tom’s taxable income before depreciation is $1,000,000 and the income tax is $321,575.  Tom’s GO Zone deduction is $1,000,000 (50% of the adjusted basis of the property).  After the deduction, Tom’s taxable income is -0- and the tax savings is $321,575.

Go Zone deductions not fully absorbed in the current tax year may be carried back five years to recover tax paid in prior years.

Raleigh townhomes continue to sell

Glenwood North TownhomesThere is a new townhome community in Raleigh that is a must see - Glenwood North townhomes from the nationwide builder, Standard Pacific Homes. This is an Award-winning 3-story garage townhome complex sized from 1,772-2,209 square feet are designed to fit your lifestyle beautifully with loads of light, charming detail, exceptional included features and attractively priced luxury options, including bonus rooms. With pricing starting in the low 200s, this is a new Raleigh townhome project that you relally can't help but place on your interest list. The gorgeous master-planned swim and fitness club community, complete with a 6,500 sq. ft. residents center, is located on Glenwood Avenue just north of Millbrook Road and is exactly where you want to be. With effortless access to I-540, I-40 RDU and downtown Raleigh, you're only minutes away from the Triangle's best shopping, dining, and entertainment.

In real estate and now more than ever, if you don't have a website, you might as well not be in business.  For developers in a competitive market, you need to make sure your condo development can be found online.  Why?  Because I can bet that some overnight millionaire in Russia or China or Europe isn't getting the local paper delivered to their home each morning.  What's the connection?  Easy.  The US is relatively one of the most stable, if not the most stable market in the world.  With the shift in certain economies, many foreigners are finding new found wealth and are looking to invest their cash in certain assets - one being real estate.  As many people know, the US market, like other markets, is a pendulum.   Yes, the real estate market is on the backward swing but it will again bounce back.  Hey, if we can recover from the Depression, we can do pretty much anything.  The resilience of the US economy is very attractive to foreign investors.  With that being said, investors are looking for great new condo buys now in the US - which, today, are like a dime a dozen.  Where are they finding these deals?  That's right - online.  Developers need to have an optimized website in different languages sometimes to make sure they are catering to their audiences abroad.  Developers also must take into consideration how a site should be built so that it can be optimized correctly and search engine friendly.  This is key to any successful website.

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Hayden Island, in the Portland area, is introducing a new 84 unit waterfront luxury condominium development offering beautiful spacious condos from the high $300's.  This new luxury residential community is called The Waterside.  Just North of Portland, Hayden Island is located right on the columbia River south of the Washington State border.  Hayden Island condos offer everything a well developed community can, great shops, ammenties, restaurants, and entertainment. 

Portland is a quickly developing urban environment which has experienced massive growth during the latest condominium boom.  Portland condos have generally been very well priced having not experienced some of the inflation that many other cities have.  Portland has developed at a more steady pace and has not been flooded with investors and speculators which can quickly turn a market if certain conditions shift and begin correcting themselves.  Portland condos for sale can range in price from the low $200's to the high millions depending on the location and level of luxury.

Just north of central Portland, is Hayden Island.  The Waterside sits right along the Columbia River and even offers a 112 slip marina for the boating enthusiasts!  If you want to be able to enjoy a day on the water in your boat and then pull into your own private slip with your new condominium just steps away, then The Waterside is the place to be.  Whether you are looking for Hayden Island condos, Portland condos, or other luxury condos, The Waterside offers the ammenities and comfort you are looking for.

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This week was pretty hard on a vast number of everyday people who relied on IndyMac bank to hold and manage their funds. It seems that one of the leading California banks whose strong suit lay in mortgages and loans has been appropriated by the government in an action to save investors and account for some major miscalculations. The bottom line for most customers of Indy Mac Bank is that your funds are protected and insured by the FDIC for up to $100,000. Anything past that you're on your own, meaning that many people sitting on large nest eggs are out of luck in seeing any more of their money past that $100k mark. The AP (Associated Press) showed customers of Indy Mac waiting in lines numbering in the thousands, waiting for a bank that wasn't going to open. An interesting thing happened in the following days on the stock market... The price of oil "corrected" by over 16 dollars and is still dropping. As I see it, more banks will fail, and the weak will get weeded out from the strong to help our economy become a more fortified machine. It's going to take some major "corrections" to see a massive rebound, but the chain of events is definitely set in motion and we should see a strong recovery from the maladies in the last 5 or so years.

The condo market in Manhattan New York is alive and well. After some pessimism by many regarding the local markets ability to recover from the 9/11 catastrophe and Real Estate market woes, the numbers have proven the skeptics to be very wrong. Some note able properties that have made some investors a great deal of money include the Plaza, 15 Central Park West, and The Orion New York luxury Condos. The resold units in 15 Central Park West have gained an average of 92% in price, many of them in just a matter of months. The Orion, being a better example of the type of condos that have been recently built in Manhattan has appreciated at a lesser but still significant rate, is reselling at an average increase of 41%.

Give a new home a test run

What?  Give a new home a test run?  How can you do that?  With the current condition of the market, sellers are getting creative.  (In fact, creative agencies looking to hire new people should keep their ear to the ground in regards to how sellers are trying to sell their home...but I digress.)  Some sellers, from what I have read are prepping their home and allowing some potential buyers to actually stay in their home for a few days - to get the feel of the home or condo.  How crazy is that?  You can literally try out a home for while!  I mean, I gues it makes sense.  Some people are giving their will to the buyer when they die and some simply prep it with new furniture.  Whatever the gimmick is, they usually make the news.  The more random, most likely the more exposure the sellers will receive.  But do these tactics work?  Does even the exposure from the media about their creative idea help sell the home?  It would be a very interesting case-study, don't you think?  Is this where the markets are headed?  I mean, what other crazy ideas will sellers of new condos come up with?  Maybe there should be a site dedicated solely to  the wackiest and most creative ideas a seller  has.  Or, to follow a trend, we can create a reality a TV Show called SELL MY HOME! where a host profiles property owners who need to sell their home fast!  Has anyone written a book on this?  I would be curious to read it as would many property owners in dire need of someone to buy their condo.

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Sacramento Condos Strive to Defeat Downturn

As we all know in California, home sales have slipped, values dropped, and new construction has slowed due to lending requirements and bank restrictions.  But as the old saying goes, "this too shall pass".  And when it does the fact of the matter is that California is one of the most saught after destinations in the country.  I moved here 8 years ago when I joined the Navy.  I had not been to San Diego since I was a child and as soon as the plane flew in over downtown San Diego overlooking the beautiful bay, I knew this was home.  Of course, during my life here in California, I have been able to explore all the other amazing cities such as Los Angeles, San Francisco, and Sacramento.  My wife is from Sacramento so I probably go up there the most.  I had the opportunity to fly over downtown Sacramento with my brother-in-law (who is a pilot) in a small plane and was able to get a great birds eye view of the progress of new construction condo developments.  One of the most noteable being the massive Sacramento Towers project in downtown Sac.  Unfortunately, that project is back in the arms of the lender for now - but hopefully we will see it come to fruition in the future. 

Northern California has so much developable land and has been the target of major home builders such as Centex, DR Horton, and many more for the last ten years.  Sacramento and its surrounding suburbs have experience enormous growth in rural and urban development.  Some of this has slowed as we know, but the path has been laid for more future urban condo development.  Many projects from builders like Housing Source Partners have been selling well.  The days of projects selling out are not gone - they are alive and well!

About Sacramento:

Seattle Builders Continue to Build

Despite the slow market and one of the worst mortgage crisis situations in over two decades, the Seattle condo market continues to see more new development. Here at NewCondosOnline.com we continually monitor regions where developers show no signs of slowing down and Seattle is one of these major metro areas that keeps on trucking. Take Rollin Street from Vulcan Real estate. This Seattle condo project is currently under construction at the northeast corner of Westlake and Denny in Seattle's South Lake Union neighborhood, Rollin Street is an 11-story condominium project featuring 208 SOHO style flats. The building and homes are modeled after unique condominium projects in New York City and the Pearl District of Portland. Rollin Street residents will be moving into their homes in early 2009. Residents will enjoy living across the street from all of the amenities of 2200 including Starbucks and Whole Foods Market, with easy access downtown on the new Seattle Streetcar line that runs directly in front of the property. Rollin Street is one of many Seattle condo projects expected to earn a LEED Silver Certification by the U.S. Green Building Council. The LEED program, which rates buildings on their sustainable or “green” features, takes into account factors like the use of natural and recycled products, wood harvested from well managed forests and the use of non-toxic paints, adhesive and sealers. It’s good for the environment and great for your family.

Summertime seems to be season where most developers and marketing agents want to cut back on their advertising because it's rumored that many sales don't happen in the off season. While sales may see a decline in these months I can't understand why someone would pull their internet advertising program, to put it on hold or to canceling it to later revamp it in the next quarter. The whole goal here is to make a new homebuyers aware of your development and as far as I know, no one is turning their attention away from the net for three months in the summer. New Condos Online is has seen a recent pickup in new clients due to this way of thinking, the logic that their project maintains a status online as a brand and when they list with New Condos Online their listing is further optimized within the specific city and state -- That's like a scaled down version of an SEO campaign for your developments website! we have been brining on new developments all over New York City as the season heats up.

Take The Revere of example --This 30 story dark brown brick tower on the southeast corner of First Avenue and 54th street has an impressive and elegant entrance in a small plaza that is raised a few steps above the sidewalk. The 229 unit was built in 1970 and converted to a condominium project about 10 years later -- It has recently gone under some major renovations and makes a definite . It is in a great location close to many convenience stores and mass transportation, close to Sutton Place and Beekman Place with a flair for old New York. the building has a 24 hour concierge and adds to the beauty of the New York City skyline.

Hindsight is always 20/20

Isn't starting a blog off with a cliche such a cliche?  Well - yes.  But sometimes these cliche's hold water!  Another cliche - I should really stop!

Austin has been one of the hottest cities in Texas for a long time now and has become a destination for many young professionals and even retirees.  This vibrant city known for its Arts, culture, music, great food and night life has also become a target for home builders and condo developers over the last ten years.  Of course part of the surge has been due to the recent housing boom but mostly it is tied to the steady increase in population, new businesses, and of course the overall attraction of living in Austin.  Nowhere else in Texas can you find so many lakes, hills, and natural beauty all in one place.  Then of course you add in the excitement of the urban environment, and you have it all!

Austin condo developments have been sprouting up in the downtown areas as well as around Lake Travis. One great downtown Austin condo development to note is the new Spring Condominium, an upcoming 42 story modern high-rise residential tower with homes starting starting in the high $200's.  The tower is at 300 Bowie and will be comprised of 246 units ranging from 565 square feet to over 1,700 square feet.  Spring Condominium will be move in ready next summer! 

One of the great aspects to the Austin condo market is that prices never became over-inflated due to the "condo" boom.  Cities in Texas have never seen quite the volatility that other major cities across the country have experienced.  Most of this is due to the gift of not being flooded with speculators and investors seeking a quick appreciation and profit.  Cities like Dallas and Austin, while not immune to the market conditions are a bit more insulated and can therefore gorw at a healthy pace.

In Chicago, the NCO staff recently visited the sales center for the tallest residential building in the world being built called The Spire. I just read that to combat this real estate market, "Irish developer Garrett Kelleher is catering to investors by offering to rent out the high-priced units at a guaranteed 7.5% return for two years." This seems a bit unusual for other Chicago Condo projects. Typically this is seen in lower end buildings and not in luxury high rises but it may be a good lure to bring in buyers to the building. I am sure there will be a high demand to live in this building because the units are incredible. So far over 30% of the Chicago condo units in this building have been sold and over half of these buyers are International condo buyers.

The interesting thing to note is that this investment packages is not being advertised or heavily offered in the US and is being pushed overseas. With the current value of the dollar, US real estate is still a very attractive investment for International buyers and if they can build an income stream right away from that investment, it becomes even mroe valuable. Sometimes these offerings can be borderline legal according to the SEC, so the developer can't outwardly promote them.  Here at NCO, we have some amazing condos to choose from in the Chicago condo market.  Come check out all your choices here.

 

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Confidence in the Chicago Condo Market

Despite the slowdown of sales in the housing market, buyers continue to show substantial interest in condos vindicating two new high rises to be built on Roosevelt road in South Side Chicago. Plans to move forward with a large scale project in a time that many developers are on hold is an indication of the nearing stabilization and predicted future growth of the condo market.

The developer of the Near South Side's largest new neighborhood Gerald Fogelson believes that the news reports of a dead housing market in Chicago are an exaggeration. Fogelson has stated that since the beginning of this year 1,400 people have visited the sales center and that traffic in its sales center is within five percent of the traffic over the last two years. Fogelson condo sales for this year have been estimated to exceed $400 million. The philosophy behind the inner city expansion is that despite the slowdown, developments in prime locations will always be a draw. He stands behind his belief by laying the groundwork for two new high-rises worth about $800 million in addition to his 1,400 units already under construction at Central Station all soon to be featured on www.newcondosonline.com.

It has been a busy couple of months here at New Condos Online and the summer months have been particularly hot for new advertising. Despite the conception that the summer months are the "off season" savvy developers and marketing agents have had the foresight to distinguish that when you pull advertising away from a consistent marketplace like the net, you will see less interest -- Consistent interest in a project in any time frame is integral to the success of a mulit-million dollar development. It's no secret that it takes a strong advertisement campaign to generate interest online, up to 85% of new home buyers and investors use the internet as a tool to research and reference new properties.

DayStar Properties in Costa Rica is an agency who has all of the peices to the marketing and advertising puzzle in place; and it all starts out with the representation of 6 beautiful condo projects in Costa Rica. DayStar Properties is one of the leading condo developers and vacation rental firms in Costa Rica. Based in Jaco Beach, Costa Rica's largest beach town and the closest resort to its capital San Jose, DayStar Properties leads the market in beachfront condominium sales on the central Pacific coast of Costa Rica. DayStar properties is currently developing 7 projects and featuring 6 properties with New Condos Online, making it the largest condo developer in Costa Rica.

A highlight of each development with a direct link to their listing is featured below, click the link to visit the project!

Luxury Condos Untouched by Softening Market

We have all been paying close attention to the housing market, stock market, and overall state of the US economy for the last year.  Those in the real estate industry have been making dramatic shifts and strategic moves in order to combat the declining market.  The more affluent end of the population is not usually affected by gas prices and a declining housing market as much as the middle and lower ends of the market.  However, many people on the more affluent side often have a large portion of their net worth tied to company stock and other assets tied to the cyclical markets.  For example, a Merrill Lynch executive worth millions might have 50% of their net worth associated with the company stock that was trading at $60 per share.  Now its in the $30's.  That immediately decreases that person's net worth by about 25% until the stock goes back up. 

Regardless, the affluent consumers still have the liquidity and confidence to make real estate and condo purchases during a declining market because they have the financial fortitude to ride it out and earn greater equity in the long run.  That is where luxury condos and homes come into play.  The luxury condo market has not been affected nearly as much as the market for middle to lower prices condos has.

Luxury condos are a lucrative alternative for all the homebuyers who wish to have a great living in the metropolitan cities. Amazing interiors, low cost maintenance and full services including luxurious surroundings with necessary array of amenities are things that attract the urban dwellers from all corners of the world. These luxury condos for sale are built in several styles, to suit the exclusive tastes of each interested homeowner.

Downtown Dallas has a new condo project in the works that is aiming to be the new centerpiece of this Texas city.  The Dallas condo market has not seen anything like Museum Tower in a long time.  This 122 unit development is to be built forty-two stories of seemingly nothing but glass.  The luxury high rise tower will offer a collection of  residences in nine floor plans, ranging from 1,450 to 8,700 square feet. New condos are starting from 1.2 million and designed by world-renowned architect Scott Johnson. The dramatic one, two and three bedroom interiors will feature floor-to-ceiling glass, direct-access elevators, outdoor terraces and all requisite goodies imaginable will be built right in.

Museum Tower will be offering a limited release of only 20 homes this spring. Check out the listing for Museum Tower before you are too late - This will be the last pre-construction pricing, selection and home customization opportunity for Museum Tower.

 

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Monterra Scottsdale is the place to be!

Scottsdale, Arizona is someplace that people should not overlook when searching for a new home or new Scottsdale condo.  Scottsdale, although a little warm in the summer, has many exciting new developments at exceptional pricing.  Luxury condos such as those at Monterra Scottsdale start under $140,000 for a 1bed.  Spacious units are available at Monterra Scottsdale as condos range up to 955 sf. You may say to yourself that this is just another condo development, why should I buy here?  Well, the amenities should help sway you.  Such amenities include: slab granite countertops, a refinished shower and tub, and brushed nickel lighting...just to name a few.  I am actually excited about this project.  It just graced the pages of New Condos Online but it has had already, a phenomenal response thus far!  I guess people see the value in a project like this. Luxury at an affordable price won't last for that much longer.  With the Fed not lowering rates anytime soon (they are expected to keep rates stagnant next quarter), getting in now is a no-brainer.  If you're really interested in Monterra Scottsdale, you should for sure ask about their summer specials which, I believe, ends August 31st.  Only one way to find out...visit the project on www.newcondosonline.com.

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In the Midst of Difficulty Lies Opportunity

Albert Einstein was once said "in the midst of difficulty lies opportunity." It does not take a theoretical physicist to decipher the recent Seattle housing market sales data to see that opportunity still exists in an otherwise bleak market outlook.

The median house price in the city of Seattle last month was $475,000, up significantly from the previous month's $440,000, but still reflected a 2.7 percent decline from the previous May 2007. While the overall data for single family residences does reflect recent improvement it is still struggling out of its slump.

Proof that opportunity does exist in a time of difficulty, lies in the statistics of new condos in Seattle.  King County condo sales were up considerably in May at 648 compared with 579 in April. More importantly, Seattle's median condo price, $320,000, was an increase from the previous month's $312,500. It also reflected a 4.1 percent increase over May 2007.

Moral of the story: Summaries of real estate data as a whole can be misleading. Individual markets each have distinct personalities, characteristics, and may perform very differently from each other in a distressed market. While one sector struggles, another may thrive and the overall analysis does not reflect these polar opposite performances. Or as Einstein may have put it "A man should look for what is, and not for what he thinks should be."

Big Trouble in Little America

At New Condos Online, I'm always trying to keep abreast of all facets in the real estate industry.  Mortgage brokers, lenders and others have recently been in the headlines again due to fraudulent and unethical lending practices.  There have been several cartoons about them in certain political magazines and many goofs made on talk shows and I'm sure there are many writers in Hollywood whipping up scripts - satires, dramas, comedies - about what has recently swept through America in the past few years.  I have now recently just read about "Operation Malicious Mortgage" and although it doesn't solve any of the problems, a few are going to pay drastically for the many many lives that they ruin.  Federal prosecutors recently arrested two execs from Bear Sterns (Matt Tannin and Ralph Cioffi) who were partly responsible for that pretty big mess at the investment bank not so long ago.  In addition to these 2 former execs, the feds announced that more than 400 people have been arrested and charged with roles in the housing crisis and in turn, credit market crisis.  More than 1000 investigations are still under way.  Although this may be satisfactory to some, I feel that it is not.  You can arrest people and make them pay by putting them in jail or fining them but it won't get a family back their new condo they bought on the assumption that a 6-month libor was a solid mortgage choice.  And it won't put money back in the pockets of investors who invested in these "solid" mortgage-backed securities.

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In my last New Condos Online blog I talked about the recent growth that the Seattle condo market was experiencing. The Seattle condo market is doing very well with sales when compared to general trends domestically. A somewhat recent hotspot went cold, the condo market in Miami has seen a very drastic recession in the last 2 years and that has mainly been due to a declining market, a weakening economy and too many units flooding the market -- too many units for not enough interested buyers. While stats and figures are fun to toss around, I wanted to get to the deeper side of life today.

Imagine, if you will..... you live in a old run down neighborhood in Seattle and amid a spurt of gentrification by the cities partnership with corporate condo builders, you were given the option to move out for a nice cash settlement. You might be tentative at first but after seeing your neighborhood transform from old and wilted to tower concrete edifices, you might take the offer.

Not Edith Macefield.

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Not with the first offer of a place to live and hundreds of thousands of dollars for the inconvenience.

Usually, a good indication of how well a specific region is selling based on present market conditions is found by simply looking at New Condos Online city section to view the numerous properties in a given area. While a place like Aspen Colorado is a very glitzy getaway, the resort valley's representation in our website is limited because the real estate activity there is outside of the curve and is based on atypical market trends. Looking at cities like San Diego, Los Angeles and Seattle condo market will be a good indication of how that specific market is doing.

According to a recent article, "May’s Seattle condo market performance reflected an improvement over April marking the second year-over-year increase in median price this year. At $320,000, Seattle’s condo median price increased 2.4% over April and 4.1% over May of last year."

The downtown Austin condo market will never be the same.  A new modern 42 story condominium high-rise has been announced and is scheduled to be delivered in mid 2009.  At 300 Bowie, Spring Condominium will offer 246 new luxury condos ranging in price from the mid $200's to the high $900's.  These new Austin condos will range from 575 to 1,704 square feet and have all the amenities that one would need. 

Spring Condominium features one, two, and three bedroom condos in the middle of all the action.  Anyone who is from Austin, lives in Austin, or has simply visited knows what a fantastic city it is.  That is why it has been one of the most popular and fastest growing cities in the country for a long time.  The city is known for attracting young professionals and families but really does cater to all ages and generations.  Downtown Austin is a great place to live and is not nearly as congested as one might think. 

The housing market in Texas has also remained more stable than other markets across the nation.  Cities like Dallas and Austin experience more steady growth as opposed to getting sucked into the "condo boom" behavior.  This keeps prices more realistic and protects from much negativity when things slow down a bit or rates rise.  Austin has a booming job market and offers more recreation, night life options, and amenities than most other cities in Texas.  Spring Condominium will change the face of the downtown Austin skyline forever.  Check it out today!

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Today's Chicago Condo Market

When investing in today’s Chicago condo market, the core factors of real estate investment taken into consideration have become more important than ever. These factors are location, price and amenities. Searching according to this specific criterion is made easy on www.newcondosonline.com. In an undersupplied market, the factors played a smaller role in the selection process. In an oversupplied market, location wins every time. Between this year and next, about 10,000 condominium units will come on the downtown market. In the suburban communities, the same rules apply, leading to pockets of healthy activity in many communities, whether it's new construction, or condo conversions.

Real Estate Investing

Today's real estate market can be a challenging environment to earn the returns of the past few years.  We have all heard countless stories (and even a few of us profited ourselves) of pre-construction deals, flipping homes for a profit in less than 30 days and many other strategies of the past.  New real estate buzz terms like "REO" and "Foreclosure" are common among real estate investing circles, but what does it all mean to earning returns?

NCO H Club has built a reputation for buying projects in bulk to pass incentives on to our Investors.  What type of investor would not like assured income for the next 30 months?  This strategy takes the guess work of "The Bottom" of the real estate market in certain areas.  Receiving a payment each month that covers your mortgage while many of expenses are paid for is the focus on NCO H Investment Club.  We are able to run this program for our investors to have Cashflow Positive on a monthly basis to cover 100% of following expenses: Mortgage, Property Taxes, HOA Dues and Fees, Management Fees, Utilities, and maintenance.

Our program is certainly not "Too Good to Be True" as our Investors are utilizing the clubs buying power to receive Cashflow Postive monthly.  Many of the richest people in the world today have made a large percentage of their wealth through real estate and NCO H Club is making real estate investing easier than ever.

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Going Organic with Condos

For the non tech savvy laymen out there - an industry known as Search Engine Optimization (SEO) can make or break the success of many websites on the internet. No matter what the industry, the internet continues to be used more and more by people to search for information, services, and solutions in all capacities.

In the real estate industry, especially for us here at NewCondosOnline, it is essential to have an optimized presence in every major search engine for anyone searching for a new condo. We have an entire tech team working around the clock to ensure that we are optimizing over 80,000 different condo related search terms to capture all homebuyers, investors, agents, and deveopers who go online and need up to date info on their local condo market. There are two main sides of SEO - Organic and Pay-Per-Click. Organic is based on a number of variables surrounding the way a website is built to be search engine friendly, as well as the viral popularity of a website for a given key word search. It is also free.

The Atlanta Condo market offers some amazing choices for buyers right now. After going to college in Atlanta and owning a condo in Buckhead for five years, I know the market down there pretty well.  At www.newcondosonline.com we do a lot of work with The Marketing Directors in Atlanta on some of the premier projects in the city including The W, Trump, Luxe, and more. Condos in Atlanta offer the consumer luxury living at a very affordable cost. The cost per square foot is much less than other major markets and it really is a great place to live. With many fortune 500 companies and a growing economy, Atlanta is also home to the busiest airport in the country. With so many college in town, parents are actually starting to buy condos for their students as an investment especially in this market when there are so many great deals out there. There are many new high rise condo towers especially in Buckhead and Midtown Atlanta.  The nightlife scene in both of these areas is great and offeres hundreds of restaurants and bars. Many new businesses are also popping up all around the new Atlanta condos offering a whole bunch of new job options.  Check out all your options for owning a new Atlanta condo here.
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