All Phoenix Real Estate.Com

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

Jonathan Dalton
REALTOR
ePro, SFR
602-502-9693

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.

Real Time Web Analytics