New dev contracts cap boom year with $1 billion December
New development contracts finished the year with a slight holiday dip, capping off a promising 2021. Buyers signed contracts for 341 new development condos across the city in December, according to a monthly analysis by Marketproof, a 15 percent decrease from November’s 413 deals. The 341 units were asking a combined $1.03 billion. Still, contract activity was up 44 percent from December 2020 and 65 percent from December 2019, a sign that the market has
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