Do You Need A New Construction Inspection?
Many people feel there isn’t a need to inspect new construction because the home has been “Code” inspected by the city. And, to a certain degree this inspection could be accurate but here’s my take as a home inspector and as a potential buyer.
April Condo Performance Report
April’s performance figures released by the NWMLS exhibited further softening of Seattle’s condo market. The median price for Seattle condos (citywide) was $312,500, a .8% decrease from a year ago and a 5.3% decrease from March’s record high of $329,975. The available condo inventory rose to 1,572 active listings April. Combined with slower sales activity…
Belltown Condo Update
Another Belltown condo project The Schuster Group, developer of Mosler Lofts, purchased the site just south of the Bellora at Cedar and Elliott, according to the DJC. Earlier proposals for the site included a mid-rise apartment and condo projects. At one point one of the proposed projects was called “Bellora 2”. Schuster’s current plans for…
Olive 8 update and tour photos
Olive 8 held a hard hat tour event at the construction site today to show off the building’s progress (I had a prior commitment and was unable to attend). Fortunately, Megan Hilfer of Parsons PR, was kind enough to share a few photos from the event which I’ve posted below. When completed, Olive 8 will…
City’s Edge Condos
The City’s Edge Condominiums (website) is a new, gated conversion community nestled within 4-acres of protected greenbelt just 7 miles from downtown Seattle. The development features 45 condominiums in 7 buildings which consists of 17 one-bedroom, 23 two-bedroom and 5 three-bedroom homes. Most of the homes are corner units that range in size from 481…
Clise Sale Is Off…For Now
Clise Properties has taken its 13-acres in Denny Triangle off the market due to the global credit market downturn. Clise received 15 offers and conducted 60 tours with the most serious offer coming from a Dubai-based real estate development company. Clise is expected to put the properties back on the market once the financial markets…
Montage Condos – Capitol Hill
The Montage (website) is the newest condominium addition to the Pike/Pine corridor on Capitol Hill. The 6-story, 23-unit building is located at 1422 Boylston Avenue, just around the corner from the HoneyHole. Montage includes a mix of open one-bedroom, one- and two-bedroom homes ranging in size from 661 to 1,121 square feet. Homes on the…
March Condo Performance Update
Last month’s market performance figures reflected continued confidence in Seattle’s condo market. The city-wide condo median price rose to a high of $329,975, a 4.1% increase over the same period last year, reversing a two month slide. The condo inventory supply, or absorption rate, decreased for the second consecutive month while the number of sales…
Stadium Lofts Update 3
As previously mentioned, there has been a few changes occurring with the Stadium Lofts project. Since its initial debut Stadium Lofts has been through a redesign and acquired a new lead developer, Barrientos, which has resulted in delays. Recently, Stadium Lofts announced that they retained the architectural firm of Weinstein A|U to revisit every detail…
Tacoma Condo Tour 2008
With attention focused on Seattle and Bellevue’s condominium boom, Tacoma’s downtown district has quietly undergone its own residential revival with a number of new condo developments. Not surprisingly, several of Tacoma’s condo developments rival those found in Seattle in terms of luxury, styling and price tag. To show off these new developments, Bonneville International (KIRO…
