According to the National Association of REALTORS, the price of condominiums have risen 23% and at an annual rate of 5.1%. If that kind of appreciation is important to you when you’re purchasing a home, consider buying a condo. During the first three quarters of 2001, the price for a condo rose at a quarterly percentage rate of 8.7. Compare that to the single-family home appreciation rate of 5.6%.
Condo sales have a lower cost and therefore, they have a lower risk. Even if the economy slows, the lower rate of condos make them an attractive sale.