The continuing theme of 2014 is a shortage of inventory sub 500,000. This condition exits in the condo market as well. Most condo developments have very few listings available this spring, this represents a pretty dramatic change from this time last year.
Marina Grand currently has 2 available listings, with the most affordable unit being a 2 bedroom unit that I have listed. Due to a shortage of hotel rooms in New Buffalo, rents are high, and thus rental revenues are substantial. This has drawn investors looking for the easy ownership and rental management of this condo/hotel. Click on the photo for a detailed listing.
Harbor Pointe currently has 1 unit available, and 1 unit that is under contract and moving towards closing. Click on the photo below for a detailed listing.
Bridgewater Place has a couple of available foreclosure units, but 1 is a double unit that is listed at $799,000. The other available unit is listed at $344,000. Click on the photo below for a detailed listing.
South Cove has a few nice units available, but of specific interest is a $30,000 price reduction on a top floor unit with great views. This is a 3 bedroom 3 bath. Click on the photo below for a detailed listing.
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Warwick Shores has a few units available, but there is 1 lakefront unit that I feel will go under contract soon. This unit has been listed for some time and a recent $18,000 price reduction points to a motivated seller. Click on the photo below for a detailed listing.
There are currently no units available in Dunewood or Dunescape.
If you have been considering listing your condo for sale, please contact me for a market review. If you are in the market for a condo in New Buffalo, ask me for my comprehensive condo market price overview.