Seattle Condo Market Update – March 2011
Seattle’s median sales price declined 7.9% to $268,000, though condo sales are on the rise shifting back to towards normalized market conditions.
Cristalla Condo Auction – Unit #1807
A single property auction for Cristalla #1807 is scheduled for April 19, 2011.
Notable Land Use Action
Recent notable land use bulletins including the resurrection of the Cameo project, Belltown apartment towers and two new apartment developments in South Lake Union.
Seattle Condo Project Updates
Project updates for Eleven Eleven East Pike, 1521 Second, Trace North, the Decatur and Olive 8’s Spring sales event.
Condo HOA News, Tips and Updates
The Washington State Legislature proposes increasing the Resale Certificate fee & revising reserve study guidelines; advice for planning repairs and handling delinquencies from owners and banks.
FHA Mortgage Insurance Premium Increases
FHA’s monthly mortgage insurance premium rate will increase as of April 18, 2011 by 0.25%, which could increase monthly mortgage payments by as much as $100.
Condo updates, spring forward
Daylight Savings Time starts this weekend; sales and news updates for Escala, 1521 Second, 1350 Alki, Trace North, Gallery and Hjarta.
February 2011 Seattle Condo Market Update
Seattle’s median condo selling price rises 7.66% to $312,750 in February 2010, a 14-month high.
Gallery Condo averts auction disaster, switches format
Gallery Condo ditches the auction of 25 open one-bedroom and one-bedroom homes that was slated for tomorrow, Saturday, March 5th; switches format.
Mortgage Credit Certificate Tax Credit
The Mortgage Credit Certificate is an often overlooked tax credit that’s worth $1000s for first-time home buyer’s.
