With a condo you really need to check out the homeowner's association and make sure that it is healthy and well funded. If not, the project may see a raise in dues, or a special assessment, which you would want to know about before buying, so you can plan your budget appropriately. Now is a good time, though, to be getting into the market, as interest rates are low. In the San Diego real estate market, we have seen an over-supply of condos due to the fact that a few years ago, the market was appreciating so quickly that the builders couldn't build them fast enough to take care of all the buyers. Now that has turned around, and while it's not been a good thing for condo owners, it is good for you, the potential buyer.