Arizona which is located in Phoenix has been developing
a Scenic Town Lake area with a mixture of recreation, condo
living spaces and businesses. Most of the new condo projects
are within walking distance of light-rail stations. Condo
prices have almost doubled since 2000 according to the Arizona
State University, Arizona Real Estate Center.
Fort Lauderdale, FL
has recently transformed itself as a high end resort area
and has become very attractive to retirees. Thousands of
new residential condos have been completed in the past few
years. Many apartment buildings have been converted into
condos as well. Condo Living suits
many residences with its maintenance free lifestyle giving
owners more time to pursue the real reason they moved to
Kennebunk, Maine with its
scenery and affordable housing is a much sought after retirement
community for empty nesters seeking a coastal Maine setting.
Kennebunk has experienced a condo boom the past few years.
Retirees are relocating from all parts of the country. However
many spend their winters elsewhere.
is a very popular place for retirees. Retirees are attracted
to the area due to all the beauty of the mountain peaks
along with its close proximity to Lake Tahoe. The recent
demand for condos has been inspired by the rise in single-family
home prices. Land availability is also driving this demand
due in part to the fact that the surrounding
mountains limit how far the city can expand.
More than 8000 condos have been proposed
or are now under construction in the area. Reno's downtown
has also been undergoing an extreme make over with the conversion
of vacant casinos and hotels. For
the price of a single-family home you can purchase a condo
with luxury amenities.
The Great Smoky Mountains of TN
attracts many buyers with its breathtaking Mountain views
and it distinct four seasons. The area is also known for
having very low property tax rates as well as no state income
Sevierville, Pigeon Forge and Gatlinburg
all have experienced an explosion in condos the past 2 years.
This is expecting to increase even more in the future. The
area has more than 8 condo projects consisting of and average
of 100 units and more in each complex scheduled to be developed.
Condo Developers are providing a way to
accommodate the large number of tourist that come to the
area. Many of which eventually come back to purchase that
second home for their own personal enjoyment. Investors
as well as retirees are what are driving all this activity.