March 2012 Seattle Condo Market Update
The Seattle condo market tightened in March as condo sales took off and new listing inventory continued to shrink, resulting in a seller’s market environment.
Spotlight: Colonial Grand Pacific Condo #309
This classically elegant and modern two-level, two-bedroom sanctuary beckons at the Colonial Grand Pacific in downtown Seattle.
New Rules for Buying a Seattle Condo
Seattle’s condo market landscape has transformed and is now exhibiting seller market characteristics with low inventory and increasing demand. To be competitive in this market buyers need to be aware of some new rules for buying a Seattle condo.
Spotlight: Gallery 2-Bedroom View Condo
Spotlight: Sleek and modern upscale two-bedroom SW corner unit at the Gallery Condominium in Belltown, offering a spacious open layout and spectacular views.
Spotlight: Regata Condo #431 – Wallingford
Condo Spotlight: light-filled two-bedroom corner home at the Regata Condominium located in Seattle’s desirable Wallingford neighborhood.
Downtown Bellevue Condo Project Update
Bellevue condo sales are just as active as Seattle with Bellevue Towers starting the year off strong, One Main Street closing out and more homes released at Washington Square.
The Sanctuary Reaches 50-Percent Sold Milestone
Sanctuary sells half of their 12 luxury townhomes in the First Church building on Capitol Hill in less than two months.
Jackson Court Condo Foreclosure Opportunity
Jackson Court HUD foreclosed view condo available for $165,000…45% below its last sale value.
February 2012 Seattle Condo Market Report
Seattle’s falling median sales prices, along with vigorous sales activity and shrinking inventory shifted Seattle towards a seller’s market last month.
FHA Increases Insurance Premiums Again Effective April 9, 2012
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.
