Graystone Condominiums Reintroduced to Market with New Reset Pricing Up to 1/3 Below Replacement Costs From the High $300,000s
In case you missed it, Graystone Condominiums has just listed HERE brand new condominiums with RESET PRICING offering ownership from $389,900 with just 3% down payment and total monthly payments of only $2,253*.
“Our market timing has a silver lining for savvy homebuyers,” said Dean Jones, President and CEO of Realogics Sotheby’s International Realty. “After many years of planning and development, The Graystone will deliver this summer and presents an unparalleled opportunity to acquire and attainable slice of the skyline well below replacement costs. The reality is that demand is rebooting faster than the supply, so we anticipate selling another 50 or so homes at these incentive prices, then we’ll see upward pressure of prices again.”
Jones points to a recent CENSUS survey illustrated by The Seattle Times HERE that the City of Seattle reclaimed its position of the fastest-growing large city in the nation in 2022. This is a noted rebound after holding this position for the last decade but suffering population losses, (most notedly in downtown Seattle) during the depth of the pandemic. However, the urban center regained those residents and then some totaling well more than 100,000 residents today according to the Downtown Seattle Association.