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Old 05-25-2008, 04:54 PM
Pete Brzycki's Avatar
Pete Brzycki Pete Brzycki is offline
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Default Re: Will downtown ever have affordable housing for sale?

Just wanted to provide some more information, particularly about Sycamore Square.

Several people have really slammed it on this thread but the prices in the north complex (the south buildings are all apartments) have gone up about 50% in just the last few years.

The unit that was referenced in this thread was under contract in just a few weeks.

I was told by the realtor that the homeowners association there have some pretty big plans to get the exterior in shape, add landscaping etc. From the photos she sent me, there is absolutely nothing wrong with that complex. People might not like the "suburban feel" but it's similar to the Legacy right next door and you can own instead of rent. And seems like the Legacy is doing pretty well.

The fact is, you can still buy a 1,400 square foot unit in that complex for about $100K and IMO that represents a great option for those that want a decent amount of space and don't have a lot of money to spend.

Watch and see: those places are going to continue to appreciate because they are reasonable priced and well-located.

If I was a younger people looking to get a toe-hold in downtown and wanted to own my place, I would be keeping a sharp eye out for anything that comes up for sale there.
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