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…
Tag: condos
Seattle Bubble Stats: Where are the Condos?
The question was asked on my number-crunching post last week of why I do not include condos in most of the statistics that I post here. Since that is a valid question that other people may be wondering as well, I thought I would post the answer where it will gain more visibility. I choose…
Spotlight: Condo Flipper in Greenwood
Found on Ziprealty.com: 633 NW 8th St, Ballard/Loyal Heights (98117) A developer from California has purchased a 1978 six unit apartment complex and began converting to condos in June. They’ve been working on a unit by unit basis and appear to be close to finishing unit #201, listed 3 days ago. There’s no image posted…
God Save the Queen
A Seattle developer says he plans to save two historic apartment buildings by converting the units to condos. “The trouble with many of these old buildings is it just doesn’t pay to keep them up when you’ve got them as apartments,” Ben Rankin, a principal of developer Pioneer Property Group, said while touring the Pittsburgh…
The Joys Of Condo Ownership
Once in a while, I used to get the crazy idea that it would be fun to own a condo. I was probably attracted to the relatively low price tag (compared to SFHs). However, whenever I looked into it, I was always turned off by the ridiculously expensive Home Owner’s Association fees, usually ranging from…