An article in the Times yesterday about the Puget Sound’s job recovery following the dot-com bust got me thinking again about the oft-claimed jobs to home prices correlation. The usual assertion goes something like this: “Prices are justified because our economy is strong (i.e. – lots of jobs), and as long as we keep adding…
Slowing Condo Market? Not Here! Not Here!
The New York Times yesterday ran a story about the struggling condo market in many parts of the country, and with as much attention as it received, you just knew the local news couldn’t let it go unanswered. Enter Aubrey Cohen of the Seattle P-I with Seattle bucks trend on slumping condos. Seattle’s market was…
Who’s Buying Condos in Kirkland?
We’re used to hearing unsupported claims that “young professionals” and “empty-nesters” are providing the bulk of the demand for condos. Well, finally we have a first-hand account of who’s actually buying condos (in downtown Kirkland, anyway). Amie Lynn is the community sales manager for Miller Condominium Marketing, which recently opened The Boulevard, a 119-unit condo…
Where did the "Open Threads" go?
In an effort to de-clutter the front page, I have modified the dates on all “Open Thread” posts to 25 years prior to their real post date. Open threads will still be posted regularly, but in order to find them you’ll need to click the open threads link at the top of the page, or…
Anecdote: Reloaded
Many of you may remember the million-dollar new construction that I’ve been following since June of last year. Recall that it was originally listed at $1,625,000, has seen four separate price reductions (down to $1,275,000—28% off), and was most recently re-listed with a new brokerage and a shiny new description. About a year ago I…