That represents an increase of 10.3 percent;-Total dollar volume for full-year 2021 rose 28.2 percent to a record-setting $40 billion;-December single-family home sales declined 4.5 percent year-over-year with 9,272 units sold;-Total December property sales fell 1.9 percent to 11,432 units;-Total dollar volume for December rose 12.4 percent to $4.3 billion;-At $319,000, the single-family home median price rose 17.2 percent to an all-time high;-The single-family home average price climbed 13.5 percent to the second highest in history, $392,449;-Single-family homes months of inventory narrowed to a 1.4-months supply;-Townhome/condominium sales ended a strong year with a 21.5 percent year-over-year jump in volume, the average price up 13.8 percent to $258,139 and the median price up 20.9 percent to $220,000;-Leases of single-family homes rose 5.9 percent with average rent up 7.5 percent to $2,042;-Leases of townhomes/condominiums fell 23.0 percent with average rent up 5.5 percent to $1,731.

What are your thoughts on owning multiple units within the same condominium complex?

Scenario: Acquired a rental condominium 12/21.

Le Marbella Tower Condominium is walking distance to the Atlantic Ocean, Samson Oceanfront Park, Sunny Isles Fishing Pier, Norman S.Edelman K-8, one of the best public schools in Miami-Dade County, shopping centers, and restaurants.

We have a singular condo property in a pretty good location. We purchased the property for 33,000 in 2018. The property is a 1 bed 1 bath 700 sq ft home with a kitchen and living area. Currently we rent it out for $6...

Single-family home sales increased for the eleventh consecutive month, up a dramatic 47.4 percent year-over-year with 9,105 units sold;The Days on Market (DOM) figure for single-family homes dropped from 58 to 40;Total property sales rose 58.3 percent with 11,348 units sold;Total dollar volume increased 85.9 percent to about $4.0 billion;The single-family average price reached a record high, rising 20.0 percent to $371,854; The single-family median price climbed 17.6 percent to $295,000 – also a record high; Single-family homes months of inventory registered an historic low 1.4-months supply, down from 3.4 months year-over-year and below the national inventory of 2.1 months;On a year-to-date basis, single-family homes sales are running 24.4 percent ahead of 2020’s record pace.Townhome/condominium sales shot up 112.7 percent and reached record-level pricing with the average price up 8.8 percent to $246,940 and the median price up 11.0 percent to $200,000;Single-family home rentals fell 3.4 percent with the average rent up 11.0 percent to $1,960; Townhome/condominium leases rose 15.1 percent with the average rent up 8.0 percent to $1,688.HAR

-Townhome/condominium sales shot up 112.7 percent and reached record-level pricing with the average price up 8.8 percent to $246,940 and the median price up 11.0 percent to $200,000;-Single-family home rentals fell 3.4 percent with the average rent up 11.0 percent to $1,960; -Townhome/condominium leases rose 15.1 percent with the average rent up 8.0 percent to $1,688.

As an example flooring material alone can go from $1/sqft to $150/sqft.Labor prices can also vary if the unit is a single family house or a condominium.

For example, sometimes people grab fourplexes and separate the deeds and make them into condominiums.

Investment Info:

Condo fix & flip investment in Arlington Heights.

Purchase price: $80,000

Cash invested: $40,000

This was a 1 bedroom 1 bathroom fix and flip using the house hack strategy.

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