Comments on: Recent condo project price adjustments http://seattlecondosandlofts.com/2008/08/recent-condo-project-price-adjustments Thu, 17 May 2012 21:49:38 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Braxtan http://seattlecondosandlofts.com/2008/08/recent-condo-project-price-adjustments/comment-page-1#comment-73554 Braxtan Tue, 10 Feb 2009 20:19:40 +0000 http://seattlecondosandlofts.com/?p=1429#comment-73554 Prices at some condo projects have dropped so low that the monthly cost of ownership is comparable to rents in the area. For example, Alki's Lighthouse Point condominium has homes available as low as $170K with monthly dues at $143. The highest price in the building is only $299K, and you can see the lighthouse, the Olympics and the Sound from almost every unit. The finishes are nice, too. If you guessed that I'm the listing agent for Lighthouse Point, you're right. But it's true that we've brought prices down so low that the cost of ownership is comparable to the cost of renting. We also have a lease/option purchase plan that helps people pay the initial costs associated with purchasing a home. This will certainly put downward pressure on rents. Prices at some condo projects have dropped so low that the monthly cost of ownership is comparable to rents in the area. For example, Alki’s Lighthouse Point condominium has homes available as low as $170K with monthly dues at $143. The highest price in the building is only $299K, and you can see the lighthouse, the Olympics and the Sound from almost every unit. The finishes are nice, too.

If you guessed that I’m the listing agent for Lighthouse Point, you’re right. But it’s true that we’ve brought prices down so low that the cost of ownership is comparable to the cost of renting. We also have a lease/option purchase plan that helps people pay the initial costs associated with purchasing a home. This will certainly put downward pressure on rents.

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