June 2011 Seattle Condo Market Report
Seattle condominium sales activity was solid in June 2011 while condo prices remained soft.
The Sanctuary Resurrected
Capitol Hill’s Sanctuary development to be reborn under new ownership, a new marketing firm and expected lower prices.
FHA and Conforming Loan Limits Expected to Reduce
The FHA and conforming loan limits are expected to reduce by $61,500 effective October 1, 2011.
Enso Condos Close to Selling out
The Enso Condominium in South Lake Union is close to selling out with 11 homes remaining. Enso and the Gallery Condominium are on track to become the first downtown area new construction high-rise luxury towers to close out since Mosler Lofts back in 2009, which is a milestone considering the battered Seattle’s condo market over…
Condo events and updates
A couple of condo related events are coming up this week including an investment seminar and a design review board meeting for the Joseph Arnold Lofts. The 7800 Plaza and Gallery Condominium are close to selling out their remaining units.
Marselle Condominium Revisited
The Marselle Condominium quietly but surely continues to sell well, now 70% sold. It’s one the last remaining new construction condo buildings in the downtown Seattle area offering affordable home options.
Seattle Condo Project Updates
Bellevue condo sales heat up, the Enclave at Lake Union re-emerges, Fairview Condos closing out, Harvard & Highland sales improve and Olive 8 introduces furnished Sky Suite options.
May 2011 Seattle Condo Market Update
Prices continue to fluctuate but with more affordable condos available, sales volume activity remain steady.
Condo Owners Insurance (HO-6 Policy)
Condo insurance is a must have for condo owners. They are inexpensive and provide comprehensive coverage for the unit’s interior, personal property, liability and assessments.
National Open House Weekend – June 4th & 5th
The Nationwide Open House Weekend event is coming this weekend, June 4th & 5th, across the country; up to 7,000 open houses in Washington State expected.
