Price drop expected for Olive 8 condos

As Featured in the Seattle Daily Journal of Commerce

Written by Marc Stiles

Image Courtesy of SDJC

In an article about Olive 8, Stiles says, "Dean Jones, Realogics Sotheby's principal, said pending sales are expected to close in the coming weeks, bringing the building to roughly half sold. Realogics Sotheby's officials said they and RC Hedreen are researching home values. They're working with appraisers and meeting real estate brokers and potential home buyers to re-assess the marketplace. 'The market is getting a little easier to figure out,' said Jones. 'I think those buyers are there. The price has to be right.'"