Navigating New Construction
It’s amazing to see all the new construction or conversion condominium projects either underway, being planned or recently completed in downtown Bellevue!
Continue ReadingLeave a CommentWhat is the definition of “new”?
Condominium buyers desiring to purchase in a new construction condominium often choose to do so in order to be the first owner in a never-lived-in home. One drawback is that the property may not be ready for occupancy as readily as a traditional resale property.
Continue ReadingLeave a CommentDowntown Bellevue Condo Absorption
I have been tracking ratios and absorption rates for downtown Bellevue condos (in addition to other eastside areas) since about August of 2006. I separate out the number of new construction from resale condominiums and have seen an interesting trend in the past several months.
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