The Seattle Condo Blog

The Ruby, Seattle’s newest condominium located in Eastlake, is celebrating completion of its 52 one-bedroom homes with a Grand Opening scheduled for the weekend of February 7th & 8th.

New mortgage fees and restrictions may hinder investment condo opportunities.

Several condos are offering deals to close out construction, but none as good as those being offered at Veer. Buy a condo, get paid closing costs plus free furniture, plane tickets and a workout.

The Parc condominium is offering a limited time rate buy-down promotion with a starting rate as low as 2.875%.

Citywide, the 2008 median price for Seattle condos depreciated by just 0.9%, from $315,000 to $312,000. Most areas did see declines but a handful of neighborhoods realized healthy gains.

Condo loans may get a little more expensive with a new Fannie Mae fee that’ll go into effect as of April 1st.

A number of new condo developments have obtained FHA approval. With FHA approval, buyers can more easily obtain FHA financing for their purchase which provides a low down payment option, more lenient guidelines and higher financial ratios.

Bucking conventional wisdom December results turned out better than had been prognosticated. The median price rose to the second highest monthly level in 2008, the inventory supply continued to fall and more offers were went under contract.

Fantastic opportunity for an urban pied-a-terre at Montreux. Offered at only $167,000 this spacious studio offers an exceptional value for a Belltown condo.