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vanreal
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seattle is not cheap downtown

Mon Jul 25, 2011 9:55 am

I was just in Seattle this past weekend and I have to say was very surprised at the cost of downtown condo properties. Very expensive. Apparently the average cost of a new build condo is around 1.8 million.
 
dot com refugee
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Re: seattle is not cheap downtown

Mon Jul 25, 2011 10:12 am

Sure, if you consider this to be an average new condo.
 
curious
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Re: seattle is not cheap downtown

Mon Jul 25, 2011 10:41 am

don com refugee, checked out this Seattle listing - definitely, it is no as impressive as new Coal Harbour condos.

Interesting that they bought this condo in 2006 for $1,595mln and now are trying to sell it for $1,8mln. Seems, sellers are not very realistic about American RE market.
 
jimtan
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Re: seattle is not cheap downtown

Tue Jul 26, 2011 11:58 am

Looking better

"Seattle home prices rise 1.1 percent in May from April"

The Standard & Poor's/Case-Shiller home-price index said prices increased in 16 of the 20 cities tracked. Over the last 12 months, prices have fallen in 19 of the 20 cities tracked.

In the Seattle metro area, home prices rose 1.1 percent from April to May — the third straight month-over-month increase. That was the 10th highest increase among the 20 cities in the index and right around the 20-city composite increase of 1 percent.

http://seattletimes.nwsource.com/html/b ... ces27.html
 
vanpro
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Re: seattle is not cheap downtown

Tue Jul 26, 2011 1:14 pm

Looking better

"Seattle home prices rise 1.1 percent in May from April"

The Standard & Poor's/Case-Shiller home-price index said prices increased in 16 of the 20 cities tracked. Over the last 12 months, prices have fallen in 19 of the 20 cities tracked.

In the Seattle metro area, home prices rose 1.1 percent from April to May — the third straight month-over-month increase. That was the 10th highest increase among the 20 cities in the index and right around the 20-city composite increase of 1 percent.

http://seattletimes.nwsource.com/html/b ... ces27.html
Yes, after massive price declines in the last 3 years, some marginal (i.e. 1% price increases) in the last 3 months. Oh, and you forgot to mention that Seattle prices are b/w 1/3 to 1/4 of Vancouver prices (i.e. Vancouver homes are 3-4 TIMES the price of Seattle homes):

4 bedroom home median price in Seatlle = US$430k = CDN$413k (for April - June, 2011)

Median price of all homes in Seattle = US$340k = CDN$327k

http://www.trulia.com/real_estate/Seatt ... et-trends/
 
jimtan
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Re: seattle is not cheap downtown

Tue Jul 26, 2011 8:19 pm

So, move to Seattle. You're be doing us a big favour.
 
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jesse1
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Re: seattle is not cheap downtown

Mon Aug 08, 2011 9:58 am

So, move to Seattle. You're be doing us a big favour.
I second that. There's no way to post on a BC forum when he's down there. So I heard.
 
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registered
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Re: seattle is not cheap downtown

Mon Aug 08, 2011 11:34 am

So, move to Seattle. You're be doing us a big favour.
Battle truth with irrelevancies, good tactic. I recommend staying the course. Can't wait for your reaction to this graph of the May Case Shiller:
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