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Home Buyers Tax Credit: Extended, Expanded
The $8,000 first-time home buyer tax credit has been extend through April 30, 2010; a $6,500 credit is now available to existing home buyers who “move-up”.
October 2009 Seattle condo market update
The Seattle condo market rebounded in October with increases in sales, number of closings and median price, likely fueled by the rush to qualify for the first time home buyers tax credit.
More Seattle condos to be auctioned
TeamBuilder JLS has just announced the auction of 36 Seattle area condo properties, located in North Seattle and Capitol Hill, on December 5, 2009. Minimum bids start from $125,000.
FHA condo guideline changes
Effective December 7, 2009 November 2, 2009, FHA will introduce changes to its condominium approval process and eligibility guidelines.
Sylvan Ridge Townhomes: newest phase completes in November
West Seattle’s Sylvan Ridge Townhome development expects to complete its newest phase in November.
September 2009 Seattle Condo market update
Seattle’s condo market kept churning through September even though the citywide median price fell to $259,250. The number of properties going under contract and closed increased over August, while available inventory and the condo supply rate decreased.
Lakeview Lofts receives LEED Platinum certification
Lakeview Lofts townhomes receives LEED Platinum certification, one of the few townhome developments in Seattle to obtain the coveted green building certification.
Brix and Gallery Condos post-auction pricing
Brix has released a limit number of homes for sale. The prices appear to be comparable with the auction sale prices
Brix and Gallery Condo Auction Results
The Brix and Gallery auctions sold relatively well with selling prices averaging about 69% of the last offer prices and per square foot prices averaging around $424.
Decatur Condos bulk sale
First Hill’s Decatur Condominium will sell its remaining units though a bulk sale program, an auction alternative, offering discounts from 25-35% below original list prices.
