Seattle’s New Era of Condos

A recent feature by Realogics Sotheby’s International Realty proclaims its “Seattle’s New Era of Condos,” as a new development spur is adding more new condominium projects to the city than in the last decade, the population continues to grow, residents and visitors are fueling new in-city attractions, and millennials decide to make the move from renting to homeownership. In addition to its position with the February edition of Portrait of Seattle Magazine, the condo insert was hand delivered to 1,500 broker mailboxes throughout the region, and was included in select copies of Puget Sound Business Journal, Wall Street Journal, Madison Park Times, Capitol Hill Times, Queen Anne & Magnolia Times, Magnolia News, City Living Seattle, The Monroe Monitor, Valley News, Eatonville Dispatch and Marketplace.

The insert offers a highlight of many of the region’s exciting upcoming projects, including the NEXUS Condominium TowerKODA Condominium FlatsThe Pinnacle at AlkiSonata, and Florera Condominiums, among others. It also covers the key market fundamentals that are shaping Seattle. While many millennials working within the tech industry and downsizing empty nesters are looking for in-city homeownership options, they’re also facing anemic supply and fierce competition. The solution for most is to look at new construction presale opportunities, which provide an alternative to the sometimes brutal resale market. Just look at condo stats from February 2018: just three dozen resale units were listed on the market with a median asking price of $1.3 million.

A handful of RSIR brokers also lend their expertise to city living trends, in conversations that span topics from the LINK light rail and transportation updates to tech innovation and the way that entertainment, health, and business spaces are becoming more integrated with vertical living options.

As Dean Jones, President & CEO of RSIR writes, “The expanding demand for both urban condominiums and resort destinations led our firm to open a New Developments Gallery located at 2715 1st Avenue. The retail pop-up promises to offer consumers a glimpse into the future so they can be in the know before the show.”

Want to know more? Read the full feature below: