Seattle Real Estate Market: Better Than Awful
Art Museum/Washington Mutual building construction photo by Tom Harpel, licensed via Creative Commons 2.0
Over at Seattle Condo Review, Wendy Leung posted this report (pdf) from Urban Condominiums, a Seattle-area condo listing service, arguing that downtown condo market hasn't been battered as badly as so many others (which is maybe like being the thinnest kid at fat camp). It has a nice array of charts on sales, price, and inventory.
Maybe there is an advantage to being so late to the game, as it prevented the city from accumulating the type of glut that has hurt other markets so badly. For what it's worth, the Urban Land Institute recently named Seattle its top real estate market for 2009, and Forbes named Seattle its top long-term commercial real estate market.
For a more sobering take (focused more on the single family housing market) and a regular check on cheerleading by real estate press, one can always visit the Seattle Bubble blog, where The Tim recently posted another good selection of charts, this one tracking activity over the last 9 years.
Comment
