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Seattle Times: Downtown Seattle Condos Are Finally Filling Up

By May 20, 2012


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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