A condo purchase needs more than a comparison of asking prices. I suggest evaluating the home itself and verifying any ownership rules, fees and responsibilities before deciding whether the purchase fits your plans.
The latest market report combines Riverside condos, townhomes and apartments with single-family homes. For that combined scope, the typical sale price was $680,000. The typical asking price among homes listed for sale was $710,000. Those townwide measurements are not separate condo prices and do not establish the value of a particular unit.
I would compare a condo with similar units rather than using the combined townwide price as its valuation. Where shared ownership arrangements apply, the costs and rules deserve their own review alongside the condition of the unit. A lower purchase price alone does not answer whether the property's total responsibilities fit what you want.
Review recent sales of similar units with me, paying attention to size, condition and included features. Verify which fees and shared responsibilities apply before asking a lender to assess the complete housing expense. Read applicable documents explaining ownership rules, fees and responsibilities, and list questions that need answers before commitment.
