Stroupe Group Lands Bulk Buy at Olive 8
We are extremely pleased to announce that we have successfully closed a bulk buy of ten units at Olive 8!
The buyer is a foreign investor, represented by Julie Roh and James Stroupe of the Stroupe Group. For our buyer, improving market conditions and the investment value at Olive 8 were compelling. We helped our client make an informed decision using our experience and research tools found at www.stroupe.com Our buyer could have selected any metro area in the US, but preferred our economic outlook and the fundamentals of supply and demand for in-city condominiums. It’s a reminder that Seattle is on the radar of many interstate and international buyers; whether it’s for lifestyle or investment purposes. In this instance, Olive 8 provides for both.
We also point to a convergence of sharper pricing, low interest rates, the prospect of job growth downtown, rising rental rates and the fact that no new condominiums are planned for the future. The new construction supply pipeline is shut down. Based on trends we watch very carefully, we believe the resale market is going to shore up property values in the near future.
We are continuing to see clients come to us, asking about current market conditions. As this latest tranaction demonstrates, there are some opportunities in the market that are worth exploring. If you would like to schedule a meeting with us to discuss your personal goals, please contact us at (206) 910-5000, or by email at email@example.com.Email