05-03-2021, 10:36 PM
(05-03-2021, 10:10 PM)jeffster Wrote:(05-02-2021, 08:58 PM)tomh009 Wrote: $700K would still be 20% cheaper than the average house in K-W. So, I really don't think the sticker shock would be there.
Factor in condo fees. Factor in that those needing 3 bedrooms probably want some property (for their kids). It's a different clientele entirely that buys these condos vs a townhome/semi/house.
Sure, there are condo fees. But you also pay for maintenance, repairs and utilities in a house, so it's not all that much difference once you do the math.
Anyway, I don't think anyone was suggesting 2000 sqft 3BR condos, but 1000-1200 sqft with 2BR or 2BR+D seems quite reasonable, whether for a smallish family or for empty-nesters. Not everyone has three or four kids.