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Real Estate

Marc Stiles
Real Estate Editor
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June 10, 2004

Real Estate Buzz: Prices for townhouse sites soaring

Real Estate Editor

As condominium development continues to churn, another Seattle residential segment -- townhouses -- is showing signs of explosive growth.

That's the assessment of commercial real estate appraiser Mike McMahon, a partner of Columbia Valuation Group in Shoreline. His report shows the supply of new townhouses is barely keeping pace with demand.

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