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Real Estate
 Marc Stiles Real Estate Editor |
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July 22, 2010
Real Estate Buzz: Apartment sellers 'take your medicine now'
By MARC STILES
Real Estate Editor
Real Estate Editor
Yes, apartment rents are increasing for the first time in nearly two years and vacancies are continuing to fall in King and Snohomish counties, but it will be another five years before values return to 2006 levels.
That's the prediction of Greg Wendelken, Marcus & Millichap's regional manager in Seattle. So agents in his office are advising clients who plan to sell in the next five years to “take their bitter medicine now.”
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Previous columns:
- Real Estate Buzz: Benaroya selling Ballard Denny's site, 07-15-2010
- Real Estate Buzz: Developers: It's time for a new approach, 07-08-2010
- Real Estate Buzz: Co-founder leaves Gibraltar for new firm, 07-01-2010
- Real Estate Buzz: Gull buys Iron Springs Resort for $1.6M, 06-24-2010
- Real Estate Buzz: Bids being taken for distressed high-rise site, 06-17-2010
- Real Estate Buzz: Kennedy Associates ready to start buying, 06-10-2010
- Real Estate Buzz: Burien Town Center phase 2: Cinema, 06-03-2010
- Real Estate Buzz: Are landlords ready to start bartering?, 05-27-2010