Cohousing-L Mailing List: Re: Do Cohousing units maintain their value?

[Sharon Villines (sharon]

>> On Mon, Oct 17, 2022 at 8:06 AM Evelyn LaTorre via Cohousing-L <
>> cohousing-l [at] cohousing.org> wrote:
>> 
>> I'm writing an article for my local newspaper and need proof that
>> cohousing doesn't lose value any more than nearby condos. Can anyone
>> provide proof of that?
>> 
> On Oct 17, 2022, at 12:28 PM, Chuck Harrison <cfharr [at] gmail.com> wrote:
> 
> This seems like a job for a friendly real estate agent. I mean any of us
> can run "comps" on Zillow or something, but an agent will have more
> trustworthy tools and the experience to do it quickly.

This sounds like a wonderful idea. If there isn’t an agent who will discuss 
this with you, you can dig out the information on Zillow.

The other problem with a firm answer is that real estate varies widely by area, 
time of year, bad upgrade choices, lack of maintenance, etc. that it really has 
to be a local search. To make a general claim would mean researching a 
representative number of communities — I don’t know what that would be.

In our case the prices have been totally comparable with the neighborhood, and 
have been very fast. During the housing crisis, our unsold rate was also 
comparable to the surrounding area. As I remember it was 11%. 

I would also be curious about how quickly units sell in areas where there are 
lots of cohousing communities — same kind competition.

Sharon
----
Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org