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Monday, February 2, 2009

Seattle Condominiums

By K. Kim

With $7,500 for first time home buyer credit for tax, the activities in Seattle condominiums market has been promising. Citywide the average price of condos have increase to 6 percent to over $320,000, reversing decreases in year over year average prices.

Although city of Seattle like the rest of country is dealing with high inventories of unsold homes, which is causing the price declines. One exception in this region is the Queen Anne and West Seattle where the price is still appreciating wile prices in downtown have been falling.

There are many things to do and visit in Seattle. One of the attraction that is attracting international interest is the Pioneer Square where visitors from all across the world is flocking too. In the Pacific northwest, Seattle is home to bustling financial district as well as large coastal area in this region. Some large corporations also call Seattle home like Amazon, Microsoft, and Starbucks.

Now is the perfect time to purchase a Seattle condominiums, those waiting on the sidelines for the market to decline further should be aware the market soon or later will rebound from the housing crisis of 2008. Like the rest of the country Seattle has experienced a boon in the real estate market. Many developers have been building new properties within last few years. But with the credit crisis many projects have halted and you will not see a new development come to market until 2012.

If you are thinking of purchasing, think about the options available like upgrades which not can be negotiated with many developers offering incentives to move the over supply of condos. You can get fully furnished kitchen and great interiors and comfortable living space for great value.

Make sure you do the research on the internet and due diligence to make the right choice and right fit for your budget and your living needs. Contact a reputable agent if you need help, you can get a good buyers agent to do all the negation for you at affordable price.

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