Eric Pryne over at the Seattle Times dives deep into the Seattle condo scene in the Seattle Times today, Downtown Seattle condos are finally filling up:
Market analysts agree the balance between condo supply and demand has shifted recently — if only because most of the supply, at long last, is gone.
Many buildings have sold out, and “most of the others have been cherry-picked,” says Seattle real-estate economist Matthew Gardner.
Of 2,500 new condos delivered in downtown, Belltown, Lower Queen Anne and South Lake Union during the market’s darkest days, fewer than 250 developer-owned units remain unsold, according to county records.
That number drops below 200 when you count pending sales expected to close in the next few months
The articles includes a quote from us as well as a great graphic with current sales status:
Folks on the sidelines, what do you think? Time to buy? Anyone think prices will go lower?
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