Project Happenings
The Maris – revamped its website and opened its sales office, but only on the weekends (Friday – Sunday, 12-6 pm). Homes start at $419,000.
Noma – has an interesting promotion going on through Feb 29th. For buyers using the preferred lender, Noma will (1) match any price decrease (%-based) and pay float down on interest rate drops. The promotion excludes resales.
Serana – 5 units remain – 1 one-bedroom priced at $394,500 and 4 two-bedrooms priced from $419,500 and up. Offering 2/1 buy downs on mortgages.
Forte – new conversion project at NE 125th & Roosevelt Ave NE. One-bedrooms start at $194,950, two-bedrooms start at $254,950. Reviewing coming later this week.
845 Condos – A newer conversion cross the street from Forte. One-bedrooms start round $214,950 and two-bedrooms at $254,950.
CityView – is down to their final six units with two-bedrooms starting from under $300,000.
Escala – anticipates taking a price hike next month by about 5%.
Lumen – closing out the last 28 units, starting from $375,000.
Tobira – has seven units left including a studio priced at $184,950.
Tavona – has 10 studios and two-bedrooms left. The studios are priced from $249,950 while the two-bedroom start at $474,950. All two-bedroom units come with 2 parking spaces.
Price hike at Escala? What are all these people smoking?
I’m not a doom-and-gloom real estate bear, but you have to acknowledge reality. There are a huge number of new units on the market, and many more on their way, and the market price of homes is simply not headed up in the next two years.
I’m not going to sell my home and rent to try and time the market, but there’s no way I’d pay “top-dollar” (2006) prices for a new luxury condo right now.
Re: NOMA, they are bait & switch and DESPERATE to rid themselves of last 7 units. Don’t be fooled by deceptive practices: the decks are bolt-on and they have been waffling on “approved” mats (approved by WHO?). design & usability of most decks are NOT worth the price. Except for concrete patios…