May 2009 Seattle condo market update
Seattle’s condo market continues to improve. Last month’s market results reflected a bump in median price, increased sales volume and the lowest inventory supply rate since November 2007.
HUD approves monetizing the $8,000 tax credit
HUD just approved the monetization of the $8,000 first-time home buyers tax credit on FHA loans, making it available to buyers at the time of purchase. Though, a few caveats apply.
Lumen Condo Auction
Lumen officially announced it will auction the remaining 19 condominium homes on Saturday, July 11, 2009 at the Seattle Grand Hyatt Hotel. Minimum bids will start at $175,000 for a one-bedroom unit and $275,000 for a two-bedroom unit.
Open House: The Royal Crest #506
Open house at the Royal Crest Condominium (3rd & Lenora) on Sunday, June 7th from 12:00 pm to 4:00 pm. This is a large one-bedroom corner unit offered at $269,450.
More Veer Lofts price adjustments
Veer Lofts announces special pricing on a handful of units, up to $35,000 below last offered prices.
April 2009 Seattle condo market update
April market data suggests the Seattle condo market is beginning to show improvement with increased sales and plateauing inventory levels and prices.
One Olive 8 buyer’s perspective
Here’s an excellent blog posting by a pre-sale buyer at Olive 8 and his decision to walk away from $23,750.
Heron and Pagoda Towers project close to foreclosure
The Seattle Times reported that the proposed mega twin-tower project, Heron and Pagoda Towers, at 5th Avenue and Stewart is in trouble with the possibility the property will be foreclosed.
Rolling Street Flats converts to apartments
Vulcan Real Estate has announced that its Rollin Street Flats condo development in South Lake Union will convert to apartments.
