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Ardell on 1 vs 2 bedroom condos

By November 2, 2006

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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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