In my last post, I included a chart that showed both single family homes and condos stuck in relatively narrow price ranges over the last 18 months or so. At the end of 2010 the median price of a single family home ($744,000) was about $80,000 more than that for a condo/TIC.
But that doesn’t tell us anything about “value.” Now, let me count the ways we could argue about what “value” means, but I think we’d agree that how each property type has weathered the market battering over the last few years has to be relevant. Take a look at this table: ...