If you’re looking for the first Market to rebound, a place where motivated sellers will give you a steep discount on a luxury new condo, look no further than these major cities: Los Angeles, Las Vegas,and San Diego.
As this article from Forbes details, while prices are still in a slight decline, sales are actually up. Motivated sellers are causing a bidding war as they try to unload their inventory in some cases over 50% off the original listing price. Whether or not you plan to buy a new condo as a primary, secondary, or investment property, the goal should always be to buy low and sell high. Demand is rising and with it prices will rebound shortly. Don’t be left on the sidelines waiting for your new condo to fall in your lap. Get out there and find the best deals. It’s a buyers’ market and it’s time to take advantage of it..