The Seattle Condo Blog

27th Street Station is the latest condo conversion project in Tacoma featuring 87 homes on a sprawling landscaped and gated community close to downtown.

Trace Lofts resale — 615 sq ft open one-bedroom with large South facing window providing warmth and sunlight.

The Seattle Four Seasons Hotel and Residences in downtown recently opened to the public and new residents. The 21-story $150 million project includes 147 hotel rooms and 36 uber-luxurious condominium homes.

The citywide condo median price was $287,450 last month, an 8.82% drop compared to October 2007 and the forth consecutive month-over-month decline. Inventory is down but the inventory supply rate is at one of its highest levels over the past decade.

With the credit crunch and constricting mortgage availability, FHA loans have recently become more appealing to buyers. Here’s an overview of FHA benefits and requirements.

The condo market performed fairly well last month; aside from a median price decline it did show signs of stabilizing. Compared to August, the median condo price remained unchanged at $310,000, though that also reflected a year-over-year decrease of 6.03%.

Vulcan is putting the final touches on South Lake Union’s long awaited Veer Lofts residential development, which recently received its temporary certificate of occupancy. The six-story building contains nearly 100 multi-level lofts and open flat homes.

When fully completed the Thornton Place urban village will feature a 14 screen & IMAX theater, retail and restaurants, 266 apartments, 121 condos including 12 live/work lofts, a 143-unit senior living development by ERA Living and an uncovered Thornton Creek channel.

Yesterday, Escala unveiled Club Cielo, a $30 million private club and the first to open in Seattle in more than two decades. The exclusive 25,000 square foot Club Cielo was selected to provide signature amenities to residents of Escala.

The condo market results in August continue to exhibit the fluidity of Seattle’s condo market. The citywide condo median price rose 3.3% in August to $310,000 compared to July, though it’s down 5.3% compared to August of last year.