If you are one of those folks who thought that condo prices would continue fall this year, here is a piece of news that will surprise you: The developers of the Icon in the Gulch, Bristol Development and MarketStreet Enterprises, are raising prices today.
Specifically, the Icon is raising prices on all of the downtown facing 1 bedroom and 2 bedroom condos in the building. Looking at the total closings in the building, more than 60% of the downtown facing tower condos have closed and an unknown number have new contracts that will most likely push the total over 65% closed.
According to Brian Merrill, President of condo sales for the Bristol Group, “sales have been very strong over the past several months.” I should say that statement may one of the larger understatements of the season considering that the Icon closed 13 condos in August alone, tripling their nearest competition.
Naysayers will surely question the longevity of this price increase, but after personally selling 4 downtown facing condos in the Icon within the past month, I have seen firsthand how difficult negotiating has become. The developers are still flexible on the residential mid-rise section of the building as well as in the tower section facing the Terrazzo. But, if you wanted that panoramic view of downtown at the lowest possible price…you just officially missed the boat.
If you would like to see all 171 closings in the Icon, please reply below and Grant Hammond will contact you within 24 hours.
The last 5 closings in the Icon in the Gulch
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View all condos for sale in the Icon in the Gulch