Day: October 3, 2020

Condo Prices Rise 5.4%, Lagging Growth for Single-Family Homes

Remote work, the desire for privacy and record-low mortgage rates make single-family homes more desirable during the coronavirus pandemic. But condos could make a comeback if single-family home prices continue to surge.

Condo sale prices in the U.S. increased 5.4% year over year to a median of $266,000 in August, trailing growth in single-family home prices, which surged 11.9% to $343,000. That’s the largest price-growth gap between the two property types since 2014.

About one in five condos (21.9%) sold for above the price at which it was listed, up slightly from 19.2% in August 2019. That compares with one

Read More

Which Tassie regions have grown most this quarter?

A rider on the Atlas Trail near the mountain bike capital of Derby, in Dorset. Just one of the many reasons to head north. Picture: BLUE DERBY PODS RIDE

FIVE Tasmanian regional areas have posted COVID-proof home-value growth over the past three months.

In new data from, Dorset, Devonport, the Central Coast, Latrobe and Georgetown recorded median house price increases of between 10.42 per cent and 17.54 per cent.

The best performing local government areas in the south — for houses — were Hobart at 5.96 per cent per cent and Glenorchy 4.29 per cent.

Brighton, Glenorchy and the

Read More