I think it is safe to say that nearly six years after buying it, my Trace Lofts condo is no longer underwater! Hopefully I can say the same about the other condo I bought in 2007. (What was I thinking buying two condos are the hit of the market??)
Why am I feeling confident? My next door neighbor just sold their condo for $528/square foot. That puts my condo right at what I paid for it September 2007 (almost the perfect height of the condo bubble). Or if you use the other recent west facing comparable, then I’m slightly above water. Or, we’re just in another bubble :).
4/30/13 – #202 – $528/square foot – West facing
3/13/13 – #308 – $457/square foot – South facing
12/21/12 – #308 – $423/square foot – South facing
12/17/12 – #402 – $543/square foot – West facing, balcony