Market Insights
Realogics Sotheby’s International Realty is pleased to present this combined open house showcase to be hosted on September 8 & 9 from 1:00 to 4:00pm (or by appointment). In addition to our featured new construction properties that will include Olive 8, Fifteen Twenty-One Second Avenue, The Lakeside, The Residences at Fairview and Harvard & Highland we’ll be featuring a select number of our resale listings as well.
A proposed program would make developers buy development rights for farms and forests; in return, developers would be able to build bigger buildings. If they buy the rights, that protects the farms and forestlands from development
We are pleased to present our inaugural Central Puget Sound Market Report for the first half of 2012. The Greater Seattle Market Pendulum showcases the continuation in rising demand and the dwindling market supply is creating a swing in the market pendulum to a more positive territory. View the full Market Report analysis for Seattle, Bellevue, Bainbridge Island and Waterfront trends here.
Realogics Sotheby's International Realty is proud to offer Seattle's best new construction inventory available – below is an update on each project:
The in-city condo market has continued to tighten as rising demand struggles with dwindling supply. In total we estimate there are now only 234 condominiums available to choose from (including both resale and new construction) in downtown Seattle. Of this inventory 141 units are listed on the NWMLS with a median asking price of $573,000 (100 units are resale while 41 are new construction with additional inventory not listed). In all there are just 134 new construction condominiums that remain unsold in the center city primarily within four primary buildings (in order of inventory most to least): Escala, Olive 8, Fifteen Twenty-One Second Avenue and Four Seasons Private Residences.