Sunday Buzz: Insignia tests condo demand

As Featured in The Seattle Times

Written by Sanjay Bhatt

Photo Courtesy of The Seattle Times

In a contribution to the "Sunday Buzz" from September 21, 2013, Bhatt describes that Insignia, a condo project stalled in the recession, is now selling units. Bhatt writes, "No other large in-city condos in the region have moved forward since the last major project of the past cycle, Escala in Seattle, broke ground in 2007. 'In mid-2008, there were some 2,350 condo units under construction or in some stage of development in the region,' said Dean Jones, a broker who owns Realogics Sotheby’s International Realty. 'Almost all of those new homes have been sold since the recovery began: Less than 30 of those new homes are available today,' he said. 'Bosa's project is well timed,' he said. 'He's pretty much the only major project going forward.'"