Seattle Condo Pipeline Drying Up?

Puget Sound Business Journal reports, Seattle’s condo pipeline expected to dry up:

The pace of development has slowed so sharply that local experts predict a shortage in 2010 that could drive prices up. One consultant forecasts delivery of just 189 new units that year — down from an average of 1,100 anticipated in each of the prior three year

As Affluent Bitter Renter says on Seattle Bubble:

Remember the rule – lots of condo projects being built reflects builders’ confidence in strong condo price appreciation, proving that It’s A Great Time To Buy. No condo projects being built means that there will be a future shortage of condos, also proving that It’s A Great Time To Buy. No matter what the market condition is, It’s Always A Great Time To Buy!

It may be true that larger downtown high rise buildings are facing a harder time but a number of smaller projects in neighborhoods like Capitol Hill, Fremont and Queen Anne are continually popping up.

…James tries to piece together the pipeline, Completed, Under Construction or… Planned Condos.

About Matt Goyer

I'm the publisher of Urbnlivn and a real estate agent. I love lofts, floating homes, new construction and mid-century moderns but will help you buy or sell just about anything.
Get in touch to:
• Understand the market
• See homes for sale
• Sell your home

Contact Matt matt@urbnlivn.com / 206-618-1600

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  • Dan C.

    Of course local experts are predicting that prices will increase…they have been doing it for the past five years.

    Real Estate prices NEVER go down, ANYWHERE!

  • Dan C.

    Of course local experts are predicting that prices will increase…they have been doing it for the past five years.

    Real Estate prices NEVER go down, ANYWHERE!

  • holz

    could you direct me to condos going up in fremont?

    cos i sure as hell don’t see any. lots of ugly town homes, a number of remodeled apartments, but definitely no condos.

  • holz

    could you direct me to condos going up in fremont?

    cos i sure as hell don’t see any. lots of ugly town homes, a number of remodeled apartments, but definitely no condos.