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July 9, 2012

Is Seattle due for another wave of condo conversions?

  • More conversions seem likely given the red-hot apartment market, but not everyone is convinced this will happen.
  • By MARC STILES
    Journal Staff Reporter

    The number of condos for sale in the metro region is down dramatically, but something could fill the void. They're called apartment buildings.

    Some experts say condo conversions could be the next big thing in the Seattle area. But no one knows whether we'll see another conversion boom like we saw the middle of the last decade when more than 5,100 Seattle and Eastside apartments were turned into condos.


     
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