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I generally don't see bank-owned properties having open houses, although of course it does happen. There aren't a ton of new construction townhomes being built right now, so what few there are may go quickly if they are priced right. I can think of a few developments in the Capitol Hill area that came on too high and sat empty for quite a while. Prices have been adjusted, and buyers are reconsidering some of them. Clearly, interest rates are really driving the market right now. Although I agree with Rob; August has been very slow in Seattle. I think everyone is taking their summer vacation now and am hopeful September will bring renewed interest in buying.
Urban townhomes have 2 benefits to home buyers. Many people want or can afford to commute into the city from the outskirts and townhome are more affordable than single family homes. And the fact that they are new, make them appealing as well.
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