Ben Kakimoto
Ben Kakimoto is a Seattle condo and urban real estate marketing & listing specialist. Contact Ben to learn more about the Seattle condo and loft real estate market or about buying or selling a Seattle area condo. Find Ben on Twitter and Facebook.
Four Seasons Hotel and Residences
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.
October 2008 Condo Market Update
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.
Seventeen07 auction leftovers
A few weeks ago the Seventeen07 condominium sold 14 of 17 units at auction. Now the remaining three are back on the market at “auction pricing”.
New listings and a Belltown lease opportunity
We’ve just re-listed a fab top-floor Cap Hill condo priced below market and have a large 1-bedroom rental in Belltown available for just $1,350/mo.
1521 pre-solds on market
According to the NWMLS, at least four pre-sale buyers have listed their 1521 units on the market, priced between $1,250,000 and $2,100,000.
Cap Hill condo auction update
The Seventeen07 Condo auctioned off its remaining units generating $3 million in proceeds this past weekend.
FHA Primer
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.
Seattle Animal Shelter needs your help
TSCB readers – Help the Seattle Animal Shelter win The Animal Rescue Site’s $100,000 Shelter Challenge.
Third quarter 2008 condo market update
Third quarter results showed no Earth shattering revelations about the market – prices and sales are down. Seattle’s condo median price for Q3 2008 was $305,000, down 5.3% from the same period last year.
September ’08 condo market update
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%.
