http://www.nwmls.com/discover/nwreporter.cfm?SectionListsID=25&PageID=4020
This article from the NW Reporter provides a composite picture of how upcoming condominium projects will change the face of the Seattle skyline. There is also a short section of commentary about the condo market and what all these new condos are doing to the local real estate market as they bring on new units.
My personal take is that so far these condos haven’t negatively impacted much of the overall local market but they do impact those that are trying to sell higher end units in areas that aren’t as popular and/or they make it tougher for an owner with only a couple of years ownership to sell their home if they are in the same price range. Granted, that is more the case for conversions (pre-existing buildings converted from apartments to condos) than it is new construction – but they do overlap here and there.
