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 love condos, lofts, floating homes, new construction and mid-century moderns so much so that since starting this blog in 2006 I've written over 2,000 blog posts about them!

For years I resisted becoming a real estate agent preferring to be a marketing executive at Redfin but after leaving Redfin (after seven years!) I caved in the spring of 2014 and became a broker. So if you need help finding that "Urbnlivn-style" place or selling your home email me at matt@urbnlivn.com, I'd be happy to help you.

Prior to Urbnlivn and Redfin, I worked at Microsoft after graduating from the University of Waterloo with a Bachelor of Mathematics with a major in computer science.

You can also find me on Twitter, @MattGoyer, or LinkedIn.

  • 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.