Well, it's the end of summer here in the tri-state area and real estate is starting, ever so slowly to come back. I think there is a lot of pain yet to be felt, but hopefully there will be some relief from the down turn in the Cincinnati and Northern Kentucky real estate market.
The condominium market has continued to stay slow, on both sides of the river. On the Northern Kentucky side, starting with the Ascent in Covington, Ky. The Ascent has sold many of their 70+ condos, yet there are over 25 on the market today starting at a price point of $419,000 going to $5,500,000. In Newport, Kentucky, the Southshore condo development is running full speed and expects to open in the fall of 2008. They have sold many, but have many more to sell. Next store in Bellevue, Kentucky there are 2 big condo developments going on. First there is Harbor Greene Condominiums, which has sold several, but for whatever reason, not only is the developer trying to sell units, but many residents are also trying to resell their condos. Not good for Harbor Greene. Next door in Bellevue, Ky is Waters Edge Condominiums. They have been selling rather well, as they have continued selling and is currently building their third building.
Friday, August 8, 2008
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