Veees condos in both areas UTC and 4S are taking a pretty thorough beating. Since the condo stock in 4S is newer then UTC it is harder to measure the performance there. However resale condos in both areas have taken it harder. My read is that UTC will fall harder in the short run but will become stable before 4S condos do. At some point UTC condos will hit a price level that will attract investors. At that time the 4S numbers will not make it to that level because it will lag in the decline. Please make sure you study the carrying costs as well for both home types, hoa, additional insurance, and more then likely in 4S MR fees.
My STAUNCH advice would be to wait in both cases but if you are going to buy, try to drive a hard bargain.