Condomania in Seattle

The Seattle Times has a nice overview piece about condominium construction and conversion downtown. About 6,000 units are in process according to the article, "The year of the condo in downtown Seattle." An interesting point made is an estimate that nationally investor interest (speculator) involvement is about 30% but in Seattle only about 15%, which means their production and absorption rate is more sustainable. The percentage of investor involvement would be an interesting number to figure out for DC.

Housing developments underway in Seattle. Seattle Times image.