Southern California First Time Home Buyers Prefer Condos In Today’s Market

 

Southern California Home Buyers Prefer Condos In Today’s Market

An L.A. Times business article reports young and first-time home buyers across Southern California are opting for condos and town homes to fulfill their dream of home ownership. A condo or town home is a great choice for first-time buyers because it is generally more affordable than a single-family home and a great way to start earning equity.

Research firm DataQuick reported a 3.3% increase in previously owned condos from October 2012 to October 2013 and a decrease in single-family home sales which fell 7.2%. In the first 10 months of this year, existing condo sales accounted for 22% of all Southern California home sales, the highest percentage in more than a decade.

Condos and town homes are popular with younger home buyers because they are found in the most desirable locations – close to downtown urban lifestyle areas.

Not only are condos and town homes better situated near amenities and entertainment, they’re more affordable.

 

Please contact us  to help you sell your home and find the home of your dreams!  We specialize in Laguna Beach, Newport Beach, Dana Point, San Clemente and our inland coastal communities.

Make it a great day!

Jeff

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