Posts tagged 2018 Emerging Trends in Real Estate Report
Da Li International & Realogics Sotheby's International Realty to Release KODA Condominiums for Unit Reservations on Saturday, February 24th at 11am

Da-Li International, LLC, a Taiwan–based real estate development company and Realogics Sotheby’s International Realty (RSIR) will host a reservation event for the much-anticipated KODA Condominiums at the New Developments Preview Center at 2715 1st Avenue in downtown Seattle on February 24th beginning at 11am. The 203-unit, 17-story condominium project will be built at 450 South Main Street at the gateway to Seattle’s historic International District offering efficiently-scaled homes ranging in size from below 400-sq. ft. to more than 1,100-sq. ft. with introductory pricing from below $400,000 to more than $1.3 million. The homes are being offered for individual unit reservations, which identifies a specific condominium referencing its preliminary floor plan, design specifications and price range in advance of official presales, which are anticipated to commence in the summer 2018 commensurate with the opening of the KODA Sales Center and the groundbreaking of the development.

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As Featured in Seattle Magazine: The Condo Conundrum

Seattle is the fastest-growing large city in the US with home prices rising more than any other metro area in the nation. That means developers are building new condominiums at a record clip, right?  Nope, it’s actually the opposite. There is currently a real shortage of in-city condominiums, resulting in high median home prices, rising by 19-percent year-over-year in November 2017 to $660,000 – about the same value as the median home price in King County. And 94-percent of the projected 27,000 new housing units to be built in downtown Seattle this decade will be for rent and not for sale, leaving many to scratch their heads. This topic was recently explored by The Seattle Times and King 5 TV News as prospective buyers have literally camped out overnight to book their opportunity to own. So, what gives? Here are ten reasons why consumers consider condos, but most developers don’t.

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