It wasn't that long ago when many people were absolutely convinced that we were heading into a double dip recession and as such condo prices in Seattle would crash well beneath their 2011 lows. Well, I suppose anything is possible but we're now in 2013. And the situation has changed. Buying clients are now complaining more about not enough listings to see and buy, and selling clients are pleasantly surprised when their property is often sold in weeks and not months.
Just so you can see in the actual data, below is years of downtown Seattle real estate pricing in one nice chart (thanks to our good friends from Zillow). Feel free to check it out and join us in calling the Seattle condo recession gone (choose the 10 year view to see how bad 2011 really was). Yes, it's not red hot like in 2006 but then again, that's probably a good thing!