The Bellevue condo market is starting to heat up with One Main Street reporting an additional 3 home sales. The boutique development, conveniently located near the Downtown Bellevue Park, is now 56% sold.

One Main Street offers a variety of home plans to choose from, ranging from a $329,900 open one-bedroom to a $1,609,900 spacious three-bedroom penthouse suite.

Visit the One Main Street website and blog
View One Main Street condos for sale

Bellevue Towers – Downtown Bellevue

Bellevue Towers continue to do exceptionally well, recording another 35 closed sales since May 1st…24 of those in May alone. That might be the highest single month closings for a new condo development we’ve seen in years.

Apparently, at least in the minds of the owners, sales are going so well that they’ve actually increased prices. The increases ranged from $3,000 to $25,000. While they may have sold over 100 homes this year alone, they still have approximately 400 more units to go. New home prices currently range from $316,000 to $5,499,000.

Visit the Bellevue Towers website
View Bellevue Towers condos for sale

Harvard & Highland – the Harvard Belmont District

The classical Harvard & Highland Condominium, nestled in Capitol Hill’s historict Harvard Belmont neighborhood, also reported three sales in May. These beautifully appointed homes are available from $995,000 to $2,350,000.

View the Harvard & Highland website
View Harvard & Highland homes for sale

Fairview Condos – Mukilteo

Following the Fairview condo auction in November, Matrix took over sales of the remaining twelve unsold units in February. Now, they’re down to the final three homes: 2 two-bedrooms priced at $354,500 & $364,500 and a three-bedroom penthouse that’s offered at $1,115,500.

Visit the Fairview Condos website
View Fairview condos for sale

The Enclave at Lake Union – Eastlake

The Enclave at Lake Union is re-awakening since we last heard from the marketing team last autumn. The developer is repositioning the project targeting homeowners seeking larger in-city waterfront homes.

“We’ve been patiently waiting for the market fundamentals to improve allowing construction to begin. We see an emerging opportunity to target those accustomed to the waterfront lifestyle but preferring to simplify their domestic responsibilities. The Enclave at Lake Union will deliver on all counts,” says Mike Yukevich, Investment Manager and partner at Trinity Real Estate, the developer of The Enclave at Lake Union.

The individual two-bedroom townhomes range in size from 2,500 to 3,000 square feet and are being presold from $1.3 million. The larger 5,200+ square foot, three bedroom “combined” residence is being offered from $2.995 million in an improved “vanilla shell” condition, meaning all the building systems (including elevators) and interior demising is constructed but the prospective homebuyer has the flexibility to specify the interior finishes. Alternatively, a fully finished home to the same luxury specification as the other homes is available turnkey at $3.395 million.

Visit the Enclave website
View Enclave homes for sale (presale)

Olive 8 Sky Suites – Downtown Seattle

Realizing an emerging market of out-of-towners looking for a second in-city Seattle home with resort amenities, Olive 8 is offering its remaining open one-bedroom condo homes (the ‘xx09′ and ‘xx10′ stack) fully furnished.

The turnkey furniture packages from Alchemy Collections is available with full price offers on the newly named open one-bedroom “Sky Suite Collection” homes, which start from $370,000.

Visit the Olive 8 website
View Olive 8 condos for sale

Disclaimer: At time of publication, Olive 8 is an advertiser of Seattle Condos and Lofts.

The Enclave :: Eastlake / Lake Union

The Enclave is hosting an open house this weekend to coincide with Opening Day of boating season on May 1st. The Enclave is part of the Wards Cove master plan community that’s comprised of townhome-styled condos starting from $1.3 million with occupancy expected in 2011.

Ruby Condominium :: Eastlake

Ruby is down to its final three units that are priced between $284,500 and $304,500. Compared to many other newer projects, sales at Ruby have done well in this down market.

Decatur :: First Hill

Decatur Condo, on the other hand, has had a bit of a struggle since coming on the market over 3 years ago. However, the project is now more than 2/3rds sold and occupied. This FHA approved building is part of Condo Bulk Buy’s inventory with units available up to 35% off original pricing — starting from $184,950.

1111 E. Pike :: Capitol Hill

The Tom Kundig designed 1111 E. Pike development reports they’re 70% sold with only 10 homes remaining for sale. Located in the heart of the Pike/Pine Triangle, prices at 1111 E. Pike start at $244,950.

The Danielle :: Ballard

Ballard’s newest condominium development, The Danielle, is nearing completion and reports they’ve already sold 4 homes. The Danielle is located kitty corner from the new QFC on 24th Ave and the Ballard Commons Park.

Hjarta :: Ballard

Hjarta is reporting that they’re now 51% sold and is FHA approved. As part of Condo Bulk Buy, Hjarta’s pricing is up to 35% below their original level.

Florera :: Greenlake

Like its sister project, Hjarta, Florera was off the market for a while before becoming part of Condo Bulk Buy. Sales have been slower with only 30% of the building sold, but it is FHA approved with prices starting from $244,950. Florera is located just 1.5 blocks from Green Lake Park.

1521 Second :: Downtown

Now 70% sold, 1521 Second, received 4 additional sales in April. Homes at these premium residences start from $1.1 million.

5th & Madison :: Downtown

It appears that 2 of the units that went under the gavel at the 5th & Madison auction are back on they market again by Kennedy Wilson:

• Unit #1102, the last unit auctioned, had a winning bid price of $350,000. It’s now available at $365,000.
• Unit #1805, a fully furnished unit, had a winning bid price of $331,000. It’s now for sale at $370,000.

Additionally, the penthouse, which had been withdrawn from the auction is on the market at $1,595,000. It was previously offered at $1,995,000.

If you have questions about any of these condo projects, please drop us a line.

The Ruby Condominium in Seattle’s Eastlake neighborhood is down to its last 5 homes for sale.

Unit #101 – $304,500: 790 SF one-bedroom (currently the sales center)
Unit #107 – $289,500: 801 SF open one-bedroom
Unit #110 – $289,500: 801 SF open one-bedroom
Unit #112 – $289,500: 817 SF open one-bedroom
Unit #209 – $289,500: 801 SF open one-bedroom

View floor plans

Received word this past week that 200 West Highland received bank approval to begin closing. Currently, the upscale development has 5 homes under contract that it anticipates will close by the end of February.

200 West Highland is situated across the street from Queen Anne’s famous Kerry Park offering homeowners stunning views of downtown and Elliott Bay. Prices of the remaining homes range from $895,000 to $2,050,000.

Website: www.200westhighland.com

Marselle Condos

The Marselle Condominium sent out an update last week announcing that they’ve sold an additional 8 homes to start off the year. Of the remaining properties available, prices begin from $199,990.

Currently, Marselle has several incentives available – a special 95% Seller Financing, no mortgage insurance and no HOA dues until January 2011. Additionally, Marselle is FHA & VA approved.

Website: www.marsellecondos.com

Ruby Condos

The Ruby Condominium is now 65% sold! Comparatively speaking sales at Ruby have been brisk and confirms there is demand for well-priced entry-level condominium homes that are centrally located and close to downtown.

In addition, Ruby recently reduced prices across the board with all homes now priced below $300,000. Ruby is FHA & VA approved.

Website: www.rubycondos.com

Brix is hosting a happy hour this Friday, November 20th, from 5 pm to 7 pm at Townhome #128 on the 10th Avenue side of the building. Refreshments and model home tours will be available. Brix, which sold phenomenally well at auction, has released another set of homes for sale.

Home 514 – Open one Bedroom (523 sq ft, HOA dues $248.51)
Priced at $239,000 (was 349,900)

Home 314 – Open one Bedroom (547 sq ft, HOA dues $259.76)
Priced at $255,000 (was 309,000)

Home 215 – Open one Bedroom (541 sq ft, HOA dues $257.56)
Priced at $255,000 (was 265,000)

Home 332 – True one bedroom, one bath (519 sq ft, HOA dues $242.89)
Priced at $279,000 (was $323,000)

Home 311 – True one bedroom, one bath (671 sq ft, HOA dues $318.22)
Priced at $295,000 (was $399,000)

Home 307 – Open one bedroom with den (789 sq ft, HOA dues $374.48)
Priced at $329,000 (was $420,000)

Home 615 – True one bedroom, on bath (636 sq ft, HOA dues $301.35)
Priced at $350,000 (was $410,000)

Home 113 – One bedroom, 1.5 bath Townhome (814 sq ft, HOA dues $385.73)
Priced at $319,000 (was $459,990)

Home 237 – One bedroom, 1.5 bath Loft (823 sq ft, HOA dues $391.36)
Priced at $355,000 (was $469,900)

Home 128 – Two bedroom with den, 2.5 bath Brownstone (1,165 sq ft, HOA dues $553.28)
Priced at $409,000 (was $560,000)

Canal Station North – Ballard

With adjusted prices and the first-time home buyers tax credit incentive Canal Station sold well in October with 12 home sales. Now, they are offering buyers another incentive – from now until the end of the year Canal Station is offering a $9,000 buyer bonus.

Here’s a sample of the amazing value you’ll find at Canal Station North.
One Bedroom + Den, Suite 646 at 816 sf is priced at $314,950
Two Bedroom + Den, Sutie 253 at 1079 sf is priced at $379,950

Ruby Condos – Eastlake

Ruby is aggressively aiming to close out sales by the end of the year and recently reduced prices again to match market expectations.

HOME #108 – 801 sf. 1 bed/1bath.
Priced at $299, 500 (was $399,990)

HOME #111 – 801 sf. 1 bed/1bath.
Priced at $299,5000 (was $349,990)

HOME #408 – 801 sf. 1 bed/1bath.
Priced at $315,000 (was $399,990)

Home #302 – 934 sf. 1 bed/1bath.
Priced at $305,500 (was $479,990)

Home #214 – 723 sf. 1 bed/1bath.
Priced at $279,500 (was $349,990)

Home #409 – 801 sf. 1 bed/1bath.
Priced at $315,000 (was $399,990)

Home #412 – 809 sf. 1 bed/1bath.
Priced at $315,500 (was $369,990)

HOME #108 was $399,990, just reduced to $309,500!
801 sf. 1 bed/1bath. Views are spectacular from living room and large ground floor patio surrounded by large landscaped courtyard. 9’ ceilings, smooth and attractive slab granite counters throughout, hardwoods in entry, kitchen and living room. Home 108 is a ground floor home with spacious and comfortable patio surrounded by lush and colorful landscaping throughout the courtyard.

HOME #111 was $349,990, just reduced to $309,500!
801 sf. 1 bed/1bath. Ground floor home. 9’ceilings, smooth and attractive slab granite counters throughout, hardwoods in entry, kitchen and living room. Cozy and spacious outdoor patio surrounded by lushly landscaped courtyard has sweeping views of Lake Union and surrounding area.

HOME #408 was $399,990, just reduced to $335,500!
801 sf. 1 bed/1bath. Sunset and Lake Union views are stunning from living and terrace. 9’ ceilings, smooth and attractive slab granite counters throughout, hardwoods in entry, kitchen and living room. Home 408 is a top floor home with spacious and comfortable terrace looking down to lush and colorful landscaping throughout the courtyard.

Home #302 was $479,990, just reduced to $315,500
934 sf. 1 bed/1bath. 9’ ceilings, large bedroom, and large private deck. Smooth and attractive slab granite counters, hardwoods in entry, living and kitchen. Faces north and west from private terrace off living room.

Home #313 was $399,990, just reduced to $309,500
718 sf. 1 bed/1bath. Unique corner home with convenient area off entry that can be used for a desk or small office area. Home faces north and west overlooking beautifully landscaped courtyard, with dramatic views of Lake Union and surrounding area. 9’ ceilings, smooth and attractive slab granite counters, hardwoods in entry, kitchen and living.

Home #409: was $399,990, just reduced to $325,500
801 sf. 1 bed/1bath. Views are spectacular from living room and large private deck! 9’ ceilings, smooth and attractive slab granite counters throughout, hardwoods in entry, kitchen and living room. Great price for 3rd floor home with large terrace and sweeping views of Space Needle and Lake Union!

Ruby’s Website: www.RubyCondos.com

All homes include one garage parking and storage. FHA, low-down financing available through Seattle Mortgage. Dimensions are as per the “as built” survey in the POS. Prices and terms are subject to change without notice.

View available Ruby condos for sale.

“We created homes that redefine urban living with a social conscience, and in the process, departed from many of Seattle city codes with regard to townhome development. Our hope is future developments will use our project as anexample for greater diversity and smart growth within the city limits of Seattle,” said Carsten Stinn, architect for Lakeview Lofts. “Today’s recognition from the U.S. Green Building Council enables us to showcase what we hope is the future of Seattle development, with a large focus on sustainability.”

LEED Platinum for this project is projected to save up to 80% in energy consumption over the standard code-built homes. Features include Vacuum solar tubes that heat water used for a hydronic in-floor heating system and domestic hot water, induction cook-tops (96% efficient compared to gas, which is 44% efficient), green rooftops, low VOC paint, cabinets made without formaldehyde, bamboo flooring, pervious pavement, indoor ventilation systems and the potential to add Photo-voltaic panels in association with the city’s ‘Net Metering Program’.

The project consists of 6 single family homes between 1816 – 2250 square feet in size. All homes are arranged around an open garden courtyard, which is shared by the entire micro community. Two homes are available, priced from $760,000.

Photo tour (courtesy of John L. Scott)

Website: www.eastlakeunionlofts.com

The Enclave (website) will consist of three-level, two bedroom plus den, fee-simple residences ranging in size from 2,500 to more than 3,000 square feet – each with private garages and options for private elevators. All homes boast a large roof top terrace with views of downtown Seattle, Lake Union and the surrounding Eastlake waterfront.

As a part of the Wards Cove master planned community, residents will have access to the Wards Cove Marina Club, which includes a fitness center, a conference facility, a guest suite and full-service moorage for larger vessels up to 110 feet in length. Alternatively, owners can choose nearby dry-stack boat moorage across the Montlake Cut by using a small tender on the dock. An adjacent beach is also ideal for launching kayaks and canoes or taking a swim in the lake – all at the doorstep of future homeowners.

Homes at The Enclave are expected to start in the low $1 millions.

A first phase of just nine homes will require presales before groundbreaking this fall but Trinity’s Investment Manager, Michael Yukevich, remains confident that buyers will realize the value.

“We plan to release a limited number of homes at introductory pricing this summer and will likely hold off selling the balance until completion in 2010,” said Yukevich. “Early buyers will enjoy preferred selection and numerous options for home personalization – it’s an attractive opportunity for homebuyers seeking truly collectable real estate that’s unlikely to be replicated ever again.”

Adapted from Enclave’s press release.

Located in the north end of the Eastlake at 2960 Eastlake Ave E, the 5-story Ruby features 52 large one-bedroom and open one-bedroom homes that range in size from 621 to 934 square feet. Many of the homes face West, which provides abundant light and exceptional views of Lake Union, Wallingford and beyond.

Home and building features include:

• 9′ ceiling height with floor-to-ceiling windows
• Slab granite countertops with undermount sinks
• Many homes include an expansive kitchen island
• Whirlpool stainless appliances with gas range
• A/C ready (most homes are West facing)
• Parking & storage for each home
• Courtyard terrace with BBQ area
• Built Smart™ construction

Ruby’s high ceiling height combined with the open layout of the homes create a rather spacious and flexible living space. Plus, homes on the 2nd floor (100-level homes) offer private and semi-private terraces, many of which open to the common roof terrace. For the chef at home, the units provide the prefect gourmet kitchen space, including an expansive island with eating bar. The finishes and appointments are standard for new construction condominiums at this price point and residential amenities are spartan – lobby and a courtyard terrace.

One issue that may come to mind for potential buyers is Ruby’s location to I-5. The building is well insulated and environmental noise is kept to a minimum. Homes on the north side, along East Alison Street, are exposed to the I-5 traffic noise, particularly with the windows or sliders open. Fortunately, most of the homes face Lake Union and are shielded from I-5. With the sliders open in the middle of the day I-5 traffic noise was not discernible over the hum of everyday in-city ambient noise.

Lake view homes are currently priced between $329,990 to $379,990 while the bridge view homes range from $259,990 to $479,990. Homeowner dues are approximately $.44/square foot, which seems high given the lack of residential amenities and services. On the other hand, the association will be well-funded, managed and maintained. The development has obtained FHA approval which will allow buyers to purchase homes with as little as 3.5% down.

Ruby is celebrating its Grand Opening with a special promotion. For the first ten sales, Ruby is offering buyers 3% in concessions. All homes are available for purchase.

Update 2/20/09 from Ruby:
As of today, Ruby has partnered with a local lender (Seattle Mortgage) looking to actually lend money! They have committed to close homes now, ie, we are move-in ready with no pre-sale requirement. We are also working with other regional lenders for additional commitments to close homes with no presale requirements. Ruby on Eastlake is both FHA and VA approved, so buyers can take advantage of every financial opportunity to get into new home ownership.

View available Ruby condos for sale.

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Veer is offering other incentives as well:

• No HOA dues until September 2010
• Paid closing costs up to $7,450
• A $1,000 Ikea gift certificate
• Two $500 Alaska Air gift certificates
• A 1-year membership to Rain Fitness

Ruby – Eastlake:
A VIP grand opening is planned for the weekend of January 24th/25th from 11 am to 5 pm. Ruby is a new construction development by Barrientos whose other recent projects include The Pearl, Leona, The Bernard and The Packard. Homes at Ruby start from $269,990. www.rubycondos.com

Brix – Capitol Hill/Broadway:
Broadway-side building is complete with a grand opening scheduled for January 31st. They are offering a grand opening special — no HOA dues till 2011. See Matt’s post about mechanic’s lien and possible legal action involving the general contractor. www.brixcondos.com

Fini – Phinney Ridge:
Announced they are offering “close out” pricing on their final four units, all one-bedroom + dens that are priced from $399, 990 to $449,990. www.finicondos.com

Rollin Street Flats – Gateway / South Lake Union:
Vulcan announced that Rollin Street received a few awards from The Nationals sales and marketing competition, presented by a group that’s part of the National Association of Home Builders. Rollin’s received a Gold Award for Best Website for an urban community and two Silver Awards for best attached community and best brochure. www.rollinstreet.com