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.
Olive 8 Sales Pick Up
Condo sales at Olive 8 have picked-up momentum in May; overall there’s been 25 sales since the beginning of the year.
New Search Features – Open Houses and Sold
We’ve improved our condo search features with open house, sold properties and better short sale and school search options.
Historic Mortgage Interest Rates
Mortgage interest rates are at a year-to-date low, the lowest in 20 years. Plus, Wells Fargo offers a 3% down no mortgage insurance program.
Seattle Condo Project Updates and Events
Events at Hjarta and 1521 Second this weekend; updates for Bellevue Towers, Escala and One Main Street.
April 2011 Seattle Condo Market Report
Seattle’s median condo sales price rose slightly in April; pending and closed sales activity remain brisk.
More land use activity
The folks at the Seattle DPD must be working overtime – a 40-story Belltown tower gains conditional approval, plus design review meetings for an artist lofts project and more apartments.
Resale Certificate Fee Cap Increased
The fee cap for condo Resale Certificates in Washington State to increase 83%.
