December 2022 Market Stats
As predicted we see a small -2.4% drop- in the Average Sales Price and a +8.8% increase in the Median Sales Price. Days on market also increased by +55.4% showing a little more sign of a market slowdown.
Fee Simple vs Leasehold Ownership
We always get a lot of questions asking what's the difference between real estate ownership of Fee Simple vs LeaseHold. Here is a quick definition of the differences between Fee Simple and Leasehold. Simple definition: With a Leasehold property, you don't own the land, just the condo. You lease
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