Prices for New Downtown Seattle Condos Drop

Seattle, Washington

The Mark Company Condominium Pricing Index has released their report for August and according to their numbers, new Downtown Seattle condo prices decreased 3% in August 2014 over the previous month. At $701 per square foot, that pricing is still up 2% from August 2013.

Also down was new contraction inventory, which was 6% lower in August than in July. Insignia probably has something to do with that as in-development residential complex just surpassed the 50% sold mark (179 units) of its Phase One tower. Phase One features 350 residences ranging from 1-to-2 BRs, with prices from the high $400,000s to approximately $2M.

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Authored By Sean Keeley – See the Full Story at Curbed

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