Plans take shape for condo high-rise near the Space Needle. A groundbreaking event took place recently at the site of the 40-story high-rise SPIRE. Public sales begin this fall. Dehlan Gwo and Michael Cannon, brokers with Realogics Sotheby’s International Realty, have joined the SPIRE sales team.
The lack of available condominiums in downtown Seattle continues, especially at affordable price points. Currently, there are just 7 resale homes listed for sale on the NWMLS priced below $700,000, which is now the new median home price for resales after increasing a staggering 19% in November 2017 compared to the prior year. Though market conditions may seem daunting to potential buyers, market pundits say unit reservations and presales can offer much needed relief for those willing to plan ahead.