Ardell at Rain City Guide, Is Seattle Bubble Proof?:
Condo markets in the same price range…entirely different story. I’d stay far away from the one bedroom condo market. the run up there has been as insane as it has been in the single family home market, BUT the one bedrooms are fast converging on the price of a much large two bedroom. So don’t assume you have to buy a one bedroom condo if you are starting out.
Does that mean there hasn’t been a run-up yet in the two bedroom condo market? Can we expect similar appreciation for those units that one bedrooms have experienced? And I’m assuming that the appreciation for studios has maxed out?
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Comments so far ↓
1 Ardell // Nov 3, 2006 at 12:50 am
Anytime you can get a two bedroom condo for at or close to the price of a one bedroom condo, go for the two bedroom, even if it needs new carpet or an updated kitchen.
2 jo // Nov 3, 2006 at 2:39 am
Ya think?
Of course, that’s common sense.
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