Brighton Condo Market Update

Real Estate Agent

Brighton Condo Market Update - Q1 2013

Brighton has always been a popular area for fist time buyers or parents looking to buy a condo for their child as they attend college or grad school (a.k.a. - kiddie condo).

Just ran some comparative numbers for the first quarter of 2007, 2012 and 2013. Prices are rebounding for both the general condo market as well as the one bedroom condo market.

The low owner-occupancy of some of these buildings (most loan programs require at least 51% owner occupancy and no large block of units owned by one investor) inhibit some sales but with investors looking to harvest some capital gains from their investment property portfolio, I am seeing the owner occupancy ratios starting to creep up a bit.

The charts below show trends for both the Brighton condo market overall as well as for 1 bedroom condos.

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