Inventory, Ballard, Downtown Grocery Store

You’re probably wondering when I’ll stop posting these lame link round ups. Me too.

Seattle PI has a story with a great headline, Instead of condos, Queen Anne gets cars. Yes, that’s right, we can’t afford condos any more but we can afford luxury cars? Makes perfect sense. The article does mention some inventory numbers:

Among new downtown, Queen Anne and South Lake Union condo projects that have been marketed for at least 11 months, 1,613 of 2,551 total units (63 percent) had sold as of June 8.

Meanwhile, 938 units (37 percent) are still on the market, according to the Fat Report, a weekly publication of the Columbia Real Estate Group and CondoCompare.com.

Next up is an article from the Seattle Times about how quickly we’ve added housing inventory, Seattle’s housing growth is off the charts. In fact:

In just over three years, Seattle already is halfway to reaching its targeted housing growth for 20 years.

And a few sections of town — Ballard, Eastlake, the Central Area, Greenlake, Lower Queen Anne and downtown — already have exceeded their 20-year targets.

Aren’t you glad you didn’t buy a condo in Ballard to flip?

450macefield 4 Inventory, Ballard, Downtown Grocery Store

Speaking of Ballard, Edith Macefield passed away. She’s the woman who refused a $1 million to sell out in order to make way for even more Ballard condos. I believe I read in a different article that they designed the building so that they could easily fill in the hole created by her house and that she possibly left the house to a superintendent at the development who was taking care of her.

Moving back downtown, the true urbanites must be glad that Kress Supermarket is now open, Downtown gets a new supermarket.

Posting will be light, I’m off to Vancouver to compete at the Canadian nationals in our J24.

About Matt

Matt , Urbnlivn's publisher, has a love for lofts with industrial features and new construction condos that is only eclipsed by his passion for outdoor sports and urban living. Phrases such as “polished concrete” and “exposed brick” are music to his ears. You can also find Matt on Twitter or skiing.

  • Affluent Bitter Renter

    “Yes, thats right, we cant afford condos any more but we can afford luxury cars?”

    At the moment, luxury cars aren’t depreciating as fast as condos…

  • Affluent Bitter Renter

    “Yes, that’s right, we can’t afford condos any more but we can afford luxury cars?”

    At the moment, luxury cars aren’t depreciating as fast as condos…

  • EconE

    But *everybody* told me that all the condos would be absorbed.

    I had wondered what that Northgate monstrocity was. I thought it might have been something useful but nope…more of what we already have way too much of.

  • EconE

    But *everybody* told me that all the condos would be absorbed.

    I had wondered what that Northgate monstrocity was. I thought it might have been something useful but nope…more of what we already have way too much of.

  • Bob

    What a stubborn old lady.

  • Bob

    What a stubborn old lady.

  • Slight

    Every single condo/apartment that is currently being built in Seattle will (eventually) be rented out or sold. I guarantee it. May take a couple of years in some cases, but the all will be occupied. The world is adding people geometrically, Seattle is a desirable place to live.

  • Slight

    Every single condo/apartment that is currently being built in Seattle will (eventually) be rented out or sold. I guarantee it. May take a couple of years in some cases, but the all will be occupied. The world is adding people geometrically, Seattle is a desirable place to live.

  • Lev

    I’d wait for the new technology, I’ve already lost money on my house, don’t want to buy a car now and watch it turn into a dinosaur in 2 years. actually cars, especially the big ones, have been loosing value. I was listening on NPR how this guy tried to trade in his van, but no dealer would take it – they can’t sell vans no more!

  • Lev

    I’d wait for the new technology, I’ve already lost money on my house, don’t want to buy a car now and watch it turn into a dinosaur in 2 years. actually cars, especially the big ones, have been loosing value. I was listening on NPR how this guy tried to trade in his van, but no dealer would take it – they can’t sell vans no more!

  • Matthew

    Slight,

    It won’t take years if sellers would just adjust their prices accordingly. Anything will sell if priced right.

  • Matthew

    Slight,

    It won’t take years if sellers would just adjust their prices accordingly. Anything will sell if priced right.