Seattle Condo Blog and Community Information

Received a call today from Bernard Troy of King 5 news.  He is doing a story on Madison lofts and how prices are dropping.  I gave him inputs about other projects where we are seeing price drops also.   One of the projects I mentioned is the Cosmopolitan where I happen to own an investment unit.  

 Buyers might be able to get a better deal on a condo that is 2-3 years old than buying new.  But isn’t this the case with buying a new car!  If you buy a car a couple of years old you can get a significant price savings,  but car buyers do buy new cars.  Why?  because they like the feel of a new car.   This seems to be the case with condos and houses.