Condo versus Townhouse: What's the Difference and how is the market?
Condos: Walls, floors, and ceilings owned by all residents; HOA dues; covenants, conditions, and restrictions; value depends on the desirability of the entire development.
Townhome: Not a form of ownership, but a term for an attached row house.
Advantages of each: Prices are often lower than single-family homes; maintenance is minimal or nonexistent and there is safety in a “cluster” environment.
Disadvantages: HOA dues; Covenants, Conditions & Restrictions (CCRs) can be complex.
Hillsborough Market Update Q4 2020 vs. Q4 2019
Tampa: We saw a 22% increase in number of sales for condo's and townhouses with a 5.91% increase in sold price. The average Days on Market (DOM) fell by 37% to approximately 17 days on market from previous year.
If you'd like to see the entire report (including breakdown of all cities in the county (all other counties available), please provide your email address and I'll forward to you).
