I’m on travel at the moment, but thought I would provide a quick update on inventory. In the downtown Seattle market there are only 24 condos to choose from priced below $400,000. In the last 30 days, there were 13 sales in this price range. (Downtown Seattle | $400K or less)
In Downtown Bellevue they have 50% less inventory than Seattle in this category – only 12 units! That is a pretty remarkable number.
If you look at the last 30 days in Downtown Bellevue, 9 condos priced below $400,000 have sold. With only 12 units left in that price point, someone finally has to start thinking about developing again right? Who’s it going to be?
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