“The condo market is alive and well.” That’s according to Perry Pentiuk of Leland-based Venture Properties, who markets properties of all stripes around the area. And it’s echoed by numerous other real estate professionals, who in many cases are selling condo units as fast as they can be built – and faster.
The Windward development on Randolph, adjacent to Bay Bread, could be Exhibit A. According to Bob Rieck of Coldwell Banker Schmidt Realtors, who with his wife, Tia, represents the development, the six units in phase I have all sold, and one of the four units in phase II has sold, at an average price of $500,000. Rieck said the development’s proximity to both downtown and West Bay made it an easy sell.
The Riecks also market numerous other condominium developments, such as Crystal Cove, which borders Boardman Lake, and North Wind, located across the street. Units at the former were priced between $340,000 and 350,000, while the latter came in around $265,000. They were all listed and sold within a year.
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