It is 2017. New year, new expectations, and new realities we will have to deal with. We have new President, a lot of hopes, a lot of changes coming… And while no one knows exactly what is ahead of us, we can still look back at how condo-hotels fared in 2016 and see if there are any signs of a trend that may get noticeable in 2017.
I usually write an annual blog trying to look at the condo-hotel market. When you are in in your daily routine, it is easy to lose sight of a bigger picture.It is easy not to notice the trend, when what you see are microscopic changes. But when you look at a year, and compare with other years, the signs get clearer... And it is important for every professional.
So I try to search for the trend and even do a foolish thing trying to predict where the market goes and how this affects condo-hotels. So, I wrote about the state of the market of condo-hotels now.
We looked at 2015 and 2016. There are obvious changes. The inventory of condo-hotel unit is down. It is actually at its lowest level I have ever seen. By "old" standards it should have been the sign of a crazy hot market, but it is not... yet
If you are curious what it is and what it might become, check this blog on my company website and read the full post.
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Jon Zolsky is broker/owner of Daytona Condo Realty in Daytona Beach area, specializing in condos and condo-hotels
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