In reviewing the condo pipeline both in Seattle and Bellevue, it looks like inventory should start drying up as we lead into 2009 and especially 2010. In previous years, condo buyers have had many different options in new construction – times are changing. With gas prices nearing $5 per gallon & buses often times standing room only, the urban growth demand in Seattle has quickly begun increasing. Also, with companies like Amazon and Microsoft taking more office space in Seattle, we can be certain that condo prices are on the rise. It is amazing to think that just a year ago, there was a large concern about inventory over-saturation. Keep your eyes out for a few newer projects releasing information as we enter into fall.
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