It's suite deal for some renters...

It's a suite deal for some renters, from the Arizona Republic Glendale, reports that condo conversion of apartments is happening all across the valley due to their lower cost. Real estate brokerage firm CB Richard Ellis predicts about 6,000 apartments in the Phoenix metro area will be converted to condos by the end of the year . October figures for home sales in the Glendale and West Valley areas list the median condo sales price at $159,900, compared with $299,900 for a single-family home, according to the Arizona Regional MLS. "It will offer an affordable alternative to someone who can't qualify for a new home," said Greg Burger of R.L. Brown Housing Reports. "It's a much better alternative than renting." One of the west side apartment complexes that is being converted is The Springs at Arrowhead Towne Center, a 360-unit apartment complex in Glendale. Grand opening is slated for late January or early February with prices from $120,000 to $250,000.They get 1st chance when apartments become condos

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