Rochelle Manson, a realtor with ERA, The Property Store in Scripps Ranch who deals in resales, is convinced the market has bottomed out and prices are beginning to climb again. She s not sure why. It s a mystery to all of us. And interest rates have stayed down. Manson likes selling resale homes because the buyer has the chance to check out the built-out neighborhood and existing neighbors.
People looking to buy new housing often intend to move up from condos.
However, says the Traffic Monitor s Hanley, condominiums represent 22 percent of the total market share. Whatever the choice of residence, investment profit shouldn t be the determining motive, according to Hanley. That is a stable, consistent environment.