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.
Seattle Times – Buyers back out
Good article in the Seattle Times today about the struggle and decisions that presale buyers are facing at new developments.
First quarter 2009 condo market update
The first quarter results confirm what most people already know about Seattle’s condo market – it continues to struggle. Citywide, the number of closed sales are down about 46% from first quarter last year while values have decreased 9.7%.
