Close

Sun Subscriber Login

Username:  


Password:



Please wait....
 
News Story
Updated: 02/01/2013 07:59:26AM

Area condo sales showing some muscle

Share this story:


SUN PHOTO BY STEVE REILLY, reilly@sun-herald.com

Like other real estate in Englewood and Cape Haze, condominium sales were hard hit by the recession, but those in real estate said the market is now coming back.

By STEVE REILLY

Text Size:


ENGLEWOOD — Demand for condominiums was once so strong, the same units could have been sold two, three or four times over while they were nothing more than blueprints, said Charlie Bray, owner of Surfside Realty.

“We sold 47 units within 45 minutes and with $20,000 down,” Bray recalled. He also remembers how one customer walked away and lost $82,000 in deposits when the real estate market collapsed with the onset of the Great Recession in 2007.

You are currently not logged in
By logging in you can see the full story.

Subscribe to 
							the E-Edition
Get the Sun Delivered


ADVERTISEMENT