As Greensboro, High Point, and Winston Salem, NC become more closely connected, many high
priced developments are being built in all areas. Real estate prices are increasing accordingly,
and this has created a strong market for condominiums to supplement the medium income population.
Though once an area of lower income mills and factories, the Piedmont Triad, as the area is
known, has grown into more of a middle class urban community, and many of the less attractive
homes have been renovated and changed into fine, expensive developments. Condo complexes
as well as apartments are fulfilling the need for lower income housing, as well as luxury condominium
properties for retirees and young families. As undeveloped land becomes less available, condos
should prove even more attractive to builders and home buyers alike.
The location of many of North Carolina's finest colleges in Greensboro and High Point also has created a
need for multi-family housing, and contributes to an ever increasing population in the area. As lifestyles become more hectic, and families increasingly command double incomes, condos and townhouses will
be a good alternative to the high upkeep and maintenance of houses and single family homes.
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