FRESH BRICK: CONDOMAXIMUM

Pun intended! In today’s market you could maximize your opportunity by considering a condo.

'Inglewood' condos at 13 Inglewood Drive, Hamilton. VOGELcreative Photography.

Point blank, Hamilton’s condo market is underdeveloped and ripe for buyers during this time when the single-family market is rebounding/coming back into balance. Local realtor, Doug Folsetter, of Folsetter & Associates, puts into perspective by sharing that single-family sales were up across the region this past January year over year vs. condo sales which were down approximately 11% in comparison.

Perhaps more telling, according to Folsetter, is that there is approximately 4.8 months of condominium inventory on the market based on current sales volumes. This is nearly double the amount of inventory found for single family or semi-detached homes. This represents a good, limited time opportunity for first time buyers and down sizers before the sales of condos inevitably increase when interest rates are expected to drop later this year. Good old supply and demand.

While many of the jaw-droppers I have showcased before (Ballinahinch, Inglewood, Sandyford Place, etc.) aren’t currently available, there are still plenty of options to salivate over. Have a look at some of the FRESHEST picks below.

'Ballinahinch' at 316 James St S, Hamilton. VOGELcreative Photography.

Just remember, the home ownership picture doesn’t always need to be green grass and a picket fence. Sometimes you need to think outside of the box to get into the market.

District Lofts

379 King St W, Unit 215

Dundas, ON

Offered at $2.195M

Cathy Koop Photography

Photo from The Girard Team, Royal LePage State Realty

2-storey condo in a boutique 1929 building (converted high school), completely rebuilt in 2013. 2 beds + 2 baths, spanning over 2,400 square feet of living space. Wow feature: 17 foot ceilings!

Photo from The Girard Team, Royal LePage State Realty

Cathy Koop Photography

Photo from The Girard Team, Royal LePage State Realty

See more HERE

Options in this SAME building starting at $729K, see HERE

Cathy Koop Photography

Stinson School Lofts

200 Stinson St, Unit 205

Hamilton, ON

Offered at $699K

VOGELcreative Photography

Stunning circa 1894 schoolhouse conversion. 2 beds + 2 baths, spanning over 1,651 square feet of living space. Wow feature: Original window openings in the kitchen and bedrooms.