The Seattle Condo Blog | Seattle Condos and Lofts

Two of Seattle’s few remaining new construction developments, Escala and The Sanctuary, have raised their prices in response to Seattle’s improving real estate market.

Cobalt Mortgage, a local mortgage provider, is now offering a low 3% down payment conventional loan option for condo purchases.

Sanctuary sells half of their 12 luxury townhomes in the First Church building on Capitol Hill in less than two months.

Effective April 9, 2012 FHA will increase the upfront mortgage insurance premiums on FHA loans from 1.00% to 1.75%, raising the cost to borrowers.

The effect of FHA’s 2010 condo approval and recertification changes are leaving condo buyers with fewer options as associations overlook or neglect FHA certification.

Bellevue Towers starts 2012 off with limited release pricing on select homes up to 40% below original list prices.

Bellevue’s One Main Street Condos, just south of the Downtown Bellevue Park, is now 82% sold with just 10 one-bedroom homes remaining.

Construction on The Sanctuary, formerly the 1906 First Church of Christ building on Capitol Hill, is complete with sales to resume January 28th.

Bellevue Towers tops the region’s new construction condo sales with 144 homes sold and closed in 2011.

The Danielle and 1111 E. Pike Condominiums are close to selling out with just three homes left at each development. Marselle & Hjarta are over 75% sold and the Pontedera reduced prices significantly.