tag:blogger.com,1999:blog-10161915.post5228175317865329995..comments2008-05-03T08:26:46.127-07:00Geordie Romerhttp://www.blogger.com/profile/12960506348844308512noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-10161915.post-62699124884478622742008-03-25T19:59:00.000-07:002008-03-25T19:59:00.000-07:00Ben at Seattle Condos and Lofts blog just wrote an article about what happens when condo projects do "shoot themselves in the foot". The bank ends up auctioning the units. http://seattlecondosandlofts.com/2008/03/condos-go-on-the-auction-block<BR/><BR/>I hope this doesn't happen to any Leavenworth condos, but it certainly is a good reason to pay attention to market forces.Geordie Romerhttp://www.blogger.com/profile/12960506348844308512noreply@blogger.comtag:blogger.com,1999:blog-10161915.post-3580718263561229922008-03-18T17:05:00.000-07:002008-03-18T17:05:00.000-07:00I think it depends what you mean by upscale. I think condo buyers would love to buy a condo on the river and they love granite countertops and 10 foot ceilings. I also think that larger units with more bedrooms will sell. The question is how much they are willing to pay. If the median sold price of a condo is $300,000 and no unit is selling for more than $400,000 I wouldn't try and put units on the market for $600,000. Condo buyers, like everyone else, are looking for value. Value comes in many price ranges.Geordie Romerhttp://www.blogger.com/profile/12960506348844308512noreply@blogger.comtag:blogger.com,1999:blog-10161915.post-4546676858999619992008-03-18T16:33:00.000-07:002008-03-18T16:33:00.000-07:00Do you think there will be a demand/market for upscale condo projects in the future?Allysonhttp://www.blogger.com/profile/11438713340834257700noreply@blogger.comtag:blogger.com,1999:blog-10161915.post-55266251952393020792008-03-04T07:14:00.000-08:002008-03-04T07:14:00.000-08:00Hi Geordie, This is an excellent list. Good job, as usual.Carolhttp://www.blogger.com/profile/08516590188476062041noreply@blogger.com