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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.
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.
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.
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.
Bellevue Towers sales on the uptick
Bellevue Towers is experiencing a turnaround since reducing prices with 18 pending sales in the past month.
January 2011 Seattle Condo Market Update
Seattle’s January median condo price improved over December to $291,500 but fell 7.17% year-over year, unit sales volume up.
Gallery Condo Auction, Part Deux | March 5, 2011
Update: On March 4th, the developer changed the format of the auction, cancelling the public auction that was scheduled for March 5th at the Grand Hyatt. Instead, the Gallery condo units slated for auction will be sold through a “Buy Now” event, open to those who previously registered for the auction. At the Buy Now…
