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Phoenix Real Estate and Homes for Sale | Jonathan Dalton, Realty ONE Group – (602) 502-9693

Jonathan Dalton
ePro, SFR

Correction – 9920 Condominiums

Correction – 9920 Condominiums

avatarthumbnail.jpgSo as I was reviewing the 9920 Condominiums website the other day looking for floor plans, I missed the obvious news staring me in the face. The 9920s are no longer for sale. The developer has turned the community into a rental complex.

This discovery was made this morning when I walked in the door with a client and said we’d like to look at the models. “For rent?,” the agent asked. “Um, no,” I said. And that’s when we knew.

It’s a shame. I can understand the developers’ need to get the units filled. Sales had been slow but it appeared they were taking place. And going rental?

Right project, wrong time.

[tags]Phoenix real estate, 9920 Condos[/tags]

1 Comment

  • I think for many renting is becoming more popular, especially with the mortgage crunch…it’s too bad your client couldn’t have looked at one and considered it for purchase – but from the developer’s perspective they may actually make more money in the long run depending on how long they keep ownership and their management of the units.

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