Kiss Single-Family Homes Goodbye if Seattle Keeps Growing

We usually talk about the whole Seattle metro area on these pages, but I’d like to take a little while to discuss an issue that is most relevant to Seattle proper: Density. There’s no denying that Seattle has been booming lately, thanks largely to serious growth in the local tech economy—unbridled growth at Amazon, the […]

Warning: New Housing Bubble Ahead

This comment left by Ryan strikes me as a clear warning sign of another housing bubble inflating in Seattle. Just pulled the trigger on buying a townhouse in Fremont for $745k. Haven’t closed yet so don’t want to link to the MLS. Thought I would share my thinking on why I bought and what the […]

Reader Question: Rotting from the Inside on Day One?

A reader emailed me an interesting observation/question in response to yesterday’s discussion of Seattle’s cheap, ugly townhomes. There’s a trio of townhouses very near where I live. They’re interesting because they lay partially framed for (if I’m recalling correctly) more than a year and a half — at least through one Winter/Spring. They actually have […]

How Long Will Seattle’s Ugly Townhomes Last?

Once in a while I like to have a look around and see what’s on the market in a totally off-the-wall market segment that I have absolutely no personal interest in ever owning. Today that segment is townhomes in the city of Seattle. As I browse around at what’s for sale in Seattle’s townhome market, […]

Northshore Townhomes: A Case Study in Bubble Mania Development

Regular readers may recall past mentions on these pages of Northshore Townhomes, an 86-unit townhome complex in my north Kenmore neighborhood. The story of Northshore Townhomes is a classic tale of bubble mania. The 6-acre parcel was purchased in 2002 for $1 million by well-known local developer Mike Mastro (via an LLC), but development did […]

Massive Condo Oversupply on the North End

In keeping with the old cliché that “all real estate is local,” let’s take a moment to look at one local market: Kenmore townhomes and condos. I selected Kenmore because it happens to be where I live, so I am pretty familiar with the area and what projects have been built over the last couple […]