kirkland condominiums: Kirkland condo market heats up, or down?
- 08/05/10 05:18 AM
I have been watching the Kirkland condo market very close for about 5 years now. I watched the spike in prices in 2006, not knowing that it was a spike at the time; an unsustainable high in values. As the influence of distressed properties takes hold of the market today, I am witnessing a disturbing trend. Sellers get desperate, while their "active" for sale property sits. This appears to have created a "Price Drop War" in parts of Kirkland, at the least a coincidental affect of people not understanding the data and that patience is what creates stability. I have called … (0 comments)
I have been watching the Kirkland condo market very close for about 5 years now. I watched the spike in prices in 2006, not knowing that it was a spike at the time; an unsustainable high in values. As the influence of distressed properties takes hold of the market today, I am witnessing a disturbing trend. Sellers get desperate, while their "active" for sale property sits. This appears to have created a "Price Drop War" in parts of Kirkland, at the least a coincidental affect of people not understanding the data and that patience is what creates stability.
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