Do high-rise condos sell slower than low-rise ones?
Do High-Rise Condos Really Linger Longer Than Low-Rise Units? Read This First.
Quick answer: it depends — but here’s the simple truth
High-rise condos do not automatically sell slower than low-rise units. Time on market is driven by price, location, demand, condition, and marketing — not just building height. In some cities high-rises sell faster. In others low-rises move quicker. The variable you can control is how you position the condo.
Why buyers choose high-rise or low-rise
- Location and lifestyle: Urban professionals often prefer high-rise condos for views, security, and amenities. Families and downsizers may prefer low-rise for quieter living and easier access.
- Price and inventory: High-rises usually add inventory faster because they have more units. More supply at similar price points can lengthen time on market.
- Fees and maintenance: Higher condo fees and stricter rules can deter some buyers. Low-rise buildings with lower fees can attract cost-sensitive buyers.
- Condition and layout: A modern open plan sells faster no matter the height. Floor plans and natural light matter more than floors.
What data says (short, practical takeaways)
- If price-per-square-foot and location are equal, low-rise can edge out high-rise because buyers cross-compare similar product without premium views.
- In dense downtown markets with strong rental demand, high-rises often have fast sales thanks to investors and young professionals.
- The single biggest predictor of speed is pricing relative to comparable sold listings. Overprice and any unit—high or low—sits.
How to sell faster: a checklist that actually works
- Price aggressively for local comps. Buyers use comparables first. If your price is right, listing speed collapses.
- Market the lifestyle, not the building. Sell the view, commute time, rooftop pool, or quiet courtyard—use real photos.
- Reduce friction: clear any repair issues, publish condo documents, and highlight low reserve fund risk.
- Target the buyer: investors vs end-users. Investors want yield and low vacancy; end-users want layout, schools, and transit.
- Stage and photograph for attention. Better photos = more showings = faster sale.
Pricing strategies by building type
- High-rise: emphasize amenities, views, and yield. Price slightly below comparables to capture more bids when inventory is high.
- Low-rise: emphasize lower fees, privacy, and accessibility. Use local neighborhood comps to set price.
Final verdict — direct and clear
Building height alone does not determine sales speed. Market dynamics, pricing, and marketing do. High-rise condos can sell slower in markets with excess supply. They can sell faster where urban demand is strong. If you want speed, pick a realtor who reads the data and executes a tight pricing and marketing plan.
Want a fast, predictable sale?
Tony Sousa is the local market expert who sells condos fast by pricing to win and marketing to the right buyers. Contact Tony at tony@sousasells.ca or call 416-477-2620. Visit https://www.sousasells.ca for a free market evaluation.
