Escala Condo developers Bullish on Seattle Real Estate

lannypoffo

Escala condo raising prices - Interesting analysis

Developers Take:
Market for high end condo's not cooling in Seattle

Analysts take:
- Carrying costs for project is high - trying to use future price increase signals to motivate buyers sitting on the fence to purchase now
- Developers trying to reassure investors and financiers that they still have confidence in the project.

http://seattletimes.nwsource.com/html/b ... ala26.html

deejayoh

Buildings that haven't broken ground aren't likely to be finished before 2011, Jones said, so supply is dwindling. The law of supply and demand eventually will motivate buyers.

"As inventory diminishes, prices go up," he said.

what idiots. do a search on any site for the number of $1mm plus condos downtown. There are over 70. Probably less than 3 a month are selling. That's a 2 or 3 year supply. How stupid do they think people who can afford these units are?

rose-colored-coolaid

I beat you to it.

And my own analysis is that desperate people sometimes try completely random things.