Long-time observers of Seattle’s housing market may recall way back in September 2006, when the Queen Anne High School condo conversions came on the market, debuting to a heaping helping of (what read to a mere real estate consumer as) over-the-top gushing from local agents, declaring them to be “awesome” and the prices “amazing,” as…
Tag: condos
Action Call to Seattle Bubble Readers: Condo Sales Status Project
So just how many unsold condos is Seattle sitting on, anyway? As I mentioned in a post on Wednesday, figuring out just how much unsold condo inventory exists is a daunting task, requiring many hours spent with the public parcel records. However, the task could be far less intimidating if we split it up. Here’s…
The Stranger on Seattle’s Empty Condos
Here’s a great article on the vacant condo situation in Seattle in general and Ballard specifically from The Stranger’s Dominic Holden: Nobody’s Home “I think that there was some overanticipated demand that was probably not real,” says Matthew Gardner, a land-use economist and principal of real-estate analysis firm Gardner Johnson. He notes that, given the…
Queen Anne Condo Conversion Checkup: 2 Years Later
I was looking through some old posts on here and came across one from November 2006 by Synthetik titled God Save the Queen. In it, he linked to an Aubrey Cohen piece about a developer converting two apartment buildings on lower Queen Anne to condos. Let’s check in and see how those conversions are doing,…
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…