This morning we brought you anecdotal sales figures from the RED Condos in Waterloo?launch last night (RED Condos in Waterloo Starts Sales with a BANG) and after meeting with one of the developers this afternoon, I have more details.
After all the dust settled this morning:
Momentum Developments sold more than half the units at RED Condos.
Every condo under $300,000 sold.
Every Studio condo sold. (Pricing was between 218,900 and 241,900)
Every 1 bedroom condo sold.?(Pricing was between 257,900 and 344,900)
All but one of the Sub Penthouse condos (fifth floor) sold.
One Penthouse residence sold.
There is a great selection of 1 bedroom + den units, and two bedroom units left ? everything else has been sold.
Purchasers were a mix of real estate investors and residents looking for an Uptown Waterloo condo.
Clearly, people want to invest in Waterloo, Ontario ? proving what REIN has been saying for years. (See ?Ontario?s Top?Investment?Towns?) ? after all, people who purchased condos at the42 have seen a very good return on their investments (See: Resale prices at the42 Condos in Waterloo).
Big congratulations to the team at Momentum Developments ? you?ve brought another exciting project to Waterloo, and the market has responded with a resounding ?Thanks!?
If you?re interested in floorplans, we have them available here: ?RED Condo Floor Plans. ?If the floorplan you?re looking for hasn?t been added to our site yet, just send me an email & I will send it directly to you.
Pricing for Red Condos in Waterloo
For pricing information on the Red Condos in Waterloo, call me at 519-772-4376 or email me directly at Benjamin AT BenjaminBach DOT com.
If you are interested in other Waterloo Condos,?let us know what you are looking for. We have a selection of condos available under $200,000, as well as other pre-construction developments. ?Whatever type of real estate investment you?re looking for, we can help you with it.
Images of Red Condos in Waterloo courtesy of Momentum Developments.
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About Benjamin Bach, KW Commercial Director
Benjamin Bach spends his days helping clients buy and sell investment and commercial real estate in Waterloo Region, Canada (where the Blackberry is from). He serves as Director of KW Commercial, the Commercial Real Estate division of Keller Williams Golden Triangle Realty, and specializes in the acquisition and disposition of development land and income producing assets including apartment buildings, student housing & net-leased commercial buildings.Source: http://www.benjaminbach.com/featured/red-condominiums-in-waterloo-are-over-half-sold-out-already/
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