Comments on: Seattle Condo Market Update - Nov 2007

By: uptown

uptown — Tue, 08 Jan 2008 00:20:20 +0000

re: “doom and gloom”

Lower prices are not gloomy for many.

By: gfdgfd dhdf

gfdgfd dhdf — Fri, 21 Dec 2007 16:32:39 +0000

Anyone idea how many new condos will finish construction in 2008 and 2009? There must be around 3000 due for 2008 in Bellevue alone…

By: Ian Mariano

Ian Mariano — Wed, 19 Dec 2007 20:47:38 +0000

Ben,

Great presentation of data. By having these numbers it really does tell a more accurate story. Which is awesome, in this kind of market i feel its very vital to observe what the market is doing; we need to it rather than the so called ‘experts’.

Reno’s condo market is not doing good either but lately I’ve noticed that the the condo market’s fall is getting is losing some speed compared to residential homes.

-Ian
http://renohomeblog

By: Ben_Kakimoto

Ben_Kakimoto — Mon, 17 Dec 2007 19:54:43 +0000

In my opinion, it’s mostly seasonal with sellers pulling their properties off the market until the new year. This is partly due to the holidays as well as sellers anticipating an upturn in the market in the Spring.

By: Tony

Tony — Sun, 16 Dec 2007 17:53:20 +0000

You write a good blog. You break the information out very well. I have been tracking condos and noticed a decrease in inventory as well in Nov. Any ideas why? This bucked the recent trend.

By: newbuyer

newbuyer — Sat, 15 Dec 2007 21:24:43 +0000

don’t be so gloomy. It is obvious that prices won’t appreciate a whole heck of a lot from here on out, but that doesn’t mean we all need to have “doom and gloom” attitudes.

By: John

John — Thu, 13 Dec 2007 05:48:15 +0000

Yeah Kelly things are really going to be fine. Keep telling yourself that. The denial in Seattle is absolutely amazing.

By: Kelly

Kelly — Fri, 07 Dec 2007 23:48:14 +0000

It is apparent that we have slowed down some, and with the mortgage industry under the gun, many people are hesitant. I truly don’t believe we are going to see 20% decreases in our market, and I agree that after the first quarter in 2008 we will be doing just fine. We are still seeing appreciation in many areas. Area 701 is doing great! Thanks for the great article!