Lowest Prices for Seattle Condos In Years
Looking over a 10 year price chart, Seattle condos haven’t been this low in years… and that’s just the condos listed on the MLS that are not distressed. Bank owned condos in Seattle are selling at prices that are creating instant equity for buyers.
Being able to purchase a condo with Mount Rainier views and downtown Seattle view for only around $300,000.00 is a reality. Deals like this are coming available on the market at the bank auctions every single week.
When similar condos are not listed for anything less than $450,000.00, bank owned condos are presenting a huge opportunity every week at the auctions for small numbers of buyers. The best part is you don’t have to be an investor with hundreds of thousands dollars to invest… the opportunity is available for even first time buyers.
Lowest Prices in a Historically Strong Market
Sharply lowered condo prices usually scare many people away simply because historically it takes a while for condo prices to recover… but Seattle is historically one of the strongest markets for condos in Washington state and the nationwide as well.
One of the main reasons is the rapidly growing retail and entertainment markets along with job growth in Seattle. With beautiful and modern amenities to be found ranging from entertainment to a glass of wine and family dining at a host of restaurants… comedy clubs and bustling nightlife entertainment, Seattle condos are in the top picks for the state.
What this means is that low prices are quick to rise again for Seattle condos, compared to most other condo markets in Washington. In a market that is minutes from the bustle of nightlife in Seattle and from the adventure of nature trails… while surrounded by Lake Washington, the Puget Sound and beautiful forests… bank owned condos are providing a window of opportunity that is being realized by smart buyers.
Strong Demand for Seattle Condo Rentals
Condo rentals in Seattle have some of the lowest vacancy rates of condo rentals across the entire state of Washington. As described above, the community in Seattle is perfect for everyone from singles to families with kids.
Owning a condo that is located in a market that has great school districts and great entertainment while surrounded by beautiful scenery makes it a top pick for buyers and renters alike. Also, new hiring by Microsoft, Google, and Amazon… all only minutes away, is bringing a strong influx of new residents and many of whom prefer to rent.
They can afford to pay premium rents and refuse to settle for anything less than quality of life… making Seattle one of their top picks. Whether you choose to live in a condo or rent it out… either way you will be positioning yourself for a great return on your investment.