The Seattle Condo Blog | Seattle Condos and Lofts

Live Historic’s Marlborough House conversion heads to foreclosure.

Queen Anne High School condominium to auction the remaining 12 unsold homes on March 22, 2009. Minimum selling prices being from $145,000.

UPDATED. On the heels of the successful condo project auctions last Fall, individual sellers are now looking at auctions as an alternative means to sell their property. Owners at Canal Station and Tribeca are trying their hands at auctioning their units.

The $787 billion American Recovery and Reinvestment Act of 2009 revises the first-time homebuyers tax credit.

Effective March 1, 2009, Fannie Mae is implementing condo guideline changes “in light of the current condo market and the need to mitigate risk on condo loans”. Some of these changes may affect a buyer’s ability to obtain conventional condo loans for new and established condos

The median Seattle condo price rose to $335,000 last month, a record high and an 9.84% increase over January of last year. Unfortunately, that was due to high-end unit closings in downtown (MLS area 701) rather than an overall market improvement.

1521, Seattle’s newest upscale condominium in downtown, provided photos of their model home and residential amenities. Along with the Four Season’s Private Residences, 1521 is one of Seattle’s most prestigious residential towers.