Thinking of Buying in Kirkland & Seattle? Have You Thought About Parking?

If you are looking at downsizing to a condo in Seattle or the Eastside, you might be interested in a recent report featured in the Wall Street Journal entitled "Park Here, Pay More." Journalist Sanette Tanaka says parking is mentioned in 41.3% of the listing descriptions written by brokers in the Seattle-area, which clearly indicates the high level of regard the market is giving to condos that offer parking.

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Dean Jones, Owner and President of Realogics Sotheby's International Realty describes that that, “you drive through these condominium parking garages during the day and realize how many cars are not even being used.  I suppose that’s a primary benefit of living downtown – you are liberated from the automobile in many cases.  But not having parking impacts the marketability, especially for more expensive homes.” A condo that features parking clearly has a higher value in the real estate market and our expertise in the Seattle and Eastside areas allow us to assist clients in weighing the value of factors such as parking when buying or selling a home.