Seattle Condominiums
The average prices of condos in Seattle have increased about 6 percent to about $320,000, this is change from earlier when prices have declined from prior years. Now the government is offering $7,500 in tax credit for first time home buyers. Making it a good time to be a buyer in current market conditions.
The reason for increase in prices is due to rise in sales prices in Queen Anne and West Seattle area. Although the prices for downtown Seattle condominiums have decreased. There is also over abundance of condo inventories in Seattle, Washington.
Seattle is home many large fortune 500 companies such as Starbucks, Microsoft, and Amazon, so job opportunities are abundant. It also has bustling financial district as well as one of the largest coastal areas in the region. Many visitors from all across the globe visit to see places like Pioneer Square, Settle Art Museum, Benaraya Hall, and Pike Place Market.
With recent bustling real estate market in the last few years, many Seattle condominiums were constructed and brought to market. But with the recent upheaval in the housing market no new development will coming to market until 2012 and many construction have halted due to less financing for these large projects. So, it might just be the right time as the market struggles for at least beginning to middle of 2009.
With so much over supply and no life to real estate market, many Seattle condominiums developers are offering incentives and price reduction at record level. They are trying to reduce the inventories and number of days on the market for some of these real estate.
Make sure you do the research on the internet and due diligence to make the right choice and right fit for your budget and your living needs. Contact a reputable agent if you need help, you can get a good buyers agent to do all the negation for you at affordable price.
The reason for increase in prices is due to rise in sales prices in Queen Anne and West Seattle area. Although the prices for downtown Seattle condominiums have decreased. There is also over abundance of condo inventories in Seattle, Washington.
Seattle is home many large fortune 500 companies such as Starbucks, Microsoft, and Amazon, so job opportunities are abundant. It also has bustling financial district as well as one of the largest coastal areas in the region. Many visitors from all across the globe visit to see places like Pioneer Square, Settle Art Museum, Benaraya Hall, and Pike Place Market.
With recent bustling real estate market in the last few years, many Seattle condominiums were constructed and brought to market. But with the recent upheaval in the housing market no new development will coming to market until 2012 and many construction have halted due to less financing for these large projects. So, it might just be the right time as the market struggles for at least beginning to middle of 2009.
With so much over supply and no life to real estate market, many Seattle condominiums developers are offering incentives and price reduction at record level. They are trying to reduce the inventories and number of days on the market for some of these real estate.
Make sure you do the research on the internet and due diligence to make the right choice and right fit for your budget and your living needs. Contact a reputable agent if you need help, you can get a good buyers agent to do all the negation for you at affordable price.
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