Time to buy 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.
Now is the perfect time to purchase a Seattle condominiums, those waiting on the sidelines for the market to decline further should be aware the market soon or later will rebound from the housing crisis of 2008. Like the rest of the country Seattle has experienced a boon in the real estate market. Many developers have been building new properties within last few years. But with the credit crisis many projects have halted and you will not see a new development come to market until 2012.
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.
If your in the market for home or thought about investing in a condo, right now is the perfect time to do it, before the market rebounds. If you need assistance contact your local knowledgeable Realtor who can guide you in the process.
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.
Now is the perfect time to purchase a Seattle condominiums, those waiting on the sidelines for the market to decline further should be aware the market soon or later will rebound from the housing crisis of 2008. Like the rest of the country Seattle has experienced a boon in the real estate market. Many developers have been building new properties within last few years. But with the credit crisis many projects have halted and you will not see a new development come to market until 2012.
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.
If your in the market for home or thought about investing in a condo, right now is the perfect time to do it, before the market rebounds. If you need assistance contact your local knowledgeable Realtor who can guide you in the process.
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