Despite a national decline in most residential sales, in many areas condominium sales are seeing a rise.

Steve Mort profiles a group of investors who are cashing in on the increased demand for condominium sales in Florida.   Looking local, how are Downtown Spokane Condo Sales fairing?

Surprisingly well.

Despite a short lull in demand for high end Downtown Condos and an increase in Bank Owned Downtown Condos, we are seeing an increase in high end pending sales in the Downtown Spokane Grid.  This is great news.

Downtown Spokane has made a statment: it’s ready for your business and we’re thriving.

The downtown grid is currently sporting 71 active listings ranging from $69,000 on the west side in Brown’s Addition to a posh 4-level downtown condominum starting at 1.45 million dollars.  The good news is most are very affordable – averaging in the mid-to-high 300-400k range.

If you’ve ever heard the saying, “Get it while the gettin’s good.”  The gettin’ cant be gettin’ any better than it is right now.  With demand increasing, I belive the Downtown Condo market has turned the corner and will stabilize over the next 2-3 quarters.  With great priced condos like the ones at 401 West 1st Avenue you can get a luxury condo at a price that rivals most in the city for amenities, location and design.

What are your thoughts?  Would you ever live downtown? Why or why not?