It’s official: The Seattle condo market has hit finally a wall. Here’s a little article from the Puget Sound Business Journal on Friday that goes into all the details: With more than 400 condominiums under construction in a faltering housing market, Seattle-based Vulcan Real Estate has decided to sweeten the deal for potential home buyers….
Tag: condos
Sagging Market Delays Another Condo Project
Is this the first sign that downtown Bellevue has reached its condo saturation point? Seattle Times: Bellevue condo project, European Tower, put on hold The housing slowdown has claimed another local high-rise, high-end condo project. The developer of 16-story European Tower, a downtown Bellevue project whose design features just one unit on each floor, said…
Raising Prices to Entice Buyers—wait, what?
Here’s an interesting story that popped up over the weekend and had people emailing me and discussing it in the comments and forums. A downtown luxury condo building named Escala is having trouble moving the last 70 units (of 270, so roughly 25%), so to try and juice up their sales, they’re raising prices. Yes,…
Some Local Home Listing Anecdotes
It’s been a while since I posted any anecdotal observations, so I think it’s time for a few. First up, the 8-unit condo/townhome complex in my neighborhood, which we have visited a few times before. Here’s the summary of the action in this complex of eight essentially identical units since 2005: September 2005: Unit #5…
Poll: Condo, Townhome, or Single-Family?
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