Brand New Condo Conversion In Magnolia

$425,000
2 Bedroom/1.7 Bath Condos
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3439 23rd Ave W
Seattle, Wa 98199

The year of the condo in downtown Seattle

from SeattleTimes

Looking mimelike in a brown turtleneck sweater and matching corduroy pants, David Thyer holds his hands out to show a large gray board mounted on the wall in front of him.

The board contains a diagram of a 231-unit condominium he's developing in downtown Seattle, and it's practically covered with yellow magnets. Each represents one less unit that Thyer has to sell.

The number sold so far: 175 — more than enough, Thyer says, to satisfy his financial backers. "We're already past the finish line."

Thyer insists that Seattle isn't like other cities, where developers are struggling with an oversupply of new condos. There's a demand for condos in downtown Seattle, he says, drawing a contrast with the speculative buying frenzy that has led to a boom-bust scenario elsewhere in the country.

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