WEST PALM BEACH, Fla. – High-rise views at rock-bottom prices are making the dream of owning a home a reality for many.
"We bought ours for under $200,000," said Bryan Edwards, a condo owner in West Palm Beach. "It’s almost 15,000 square feet of loft space."
Edwards and his wife say they got a steal on their new condominium with a pool. "With real estate it’s hard to tell whether you bought at the bottom, or where you are, but when you look at value, we’re very happy with the value that we have," said Edwards.
Condos in the building where Edwards bought were selling for up to $350,000. Now those units are in the $100,000 range.
Realtors say it’s a buyers’ market, and they’re seeing a rush. "Believe it or not, there are more buyers looking to buy than there are units to sell," said Sam Fisch, the owner of Real Estate Solutions in West Palm Beach. "So it’s not as easy as most people think to get your hands on one of these condos."
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