2015 has been a surprisingly strong year for real estate price increases at Brittan Heights. We ended 2014 with 2/2 condos settling around $650,000 and the 3/2s around $750,000.
Then in late January 2015 everything just busted loose. Now 2/2 units are selling in the $750,000 range while the the 3/2 units are in the low to mid $800,000s.
When you think about it, a price increase from $650K to $750K calculates out to be a 15% price hike in about three months time. That’s insane! Great for sellers, but hard on buyers!
How long will this trend continue?