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Thornton Place offers a layoff guarantee
Thornton Place releases 27 additional condominiums homes for sale with a number of incentives including a layoff guarantee.
Copper Lantern nears completion
LIHI’s affordable Copper Lantern Homes development in Kenmore is nearing completion with homes starting from $161,500. The homes are aimed towards buyers earning less than 80% of the county’s median income.
February 2009 condo market update
The Seattle condo market’s February results were underwhelming. From a record high $335,000 citywide median price in January, February came in at $274,000, the lowest level since June 2006.
Queen Anne High School condo auction
Queen Anne High School condominium to auction the remaining 12 unsold homes on March 22, 2009. Minimum selling prices being from $145,000.
Fannie Mae revises condo guidelines
Effective March 1, 2009, Fannie Mae is implementing condo guideline changes “in light of the current condo market and the need to mitigate risk on condo loans”. Some of these changes may affect a buyer’s ability to obtain conventional condo loans for new and established condos
January 2009 Seattle condo market update
The median Seattle condo price rose to $335,000 last month, a record high and an 9.84% increase over January of last year. Unfortunately, that was due to high-end unit closings in downtown (MLS area 701) rather than an overall market improvement.
Ruby Condos – Eastlake
The Ruby, Seattle’s newest condominium located in Eastlake, is celebrating completion of its 52 one-bedroom homes with a Grand Opening scheduled for the weekend of February 7th & 8th.
2008 Seattle condo appreciation rates
Citywide, the 2008 median price for Seattle condos depreciated by just 0.9%, from $315,000 to $312,000. Most areas did see declines but a handful of neighborhoods realized healthy gains.
December 2008 Condo Market Update
Bucking conventional wisdom December results turned out better than had been prognosticated. The median price rose to the second highest monthly level in 2008, the inventory supply continued to fall and more offers were went under contract.
Listing: 425 Vine Street, The Montreux condo
Fantastic opportunity for an urban pied-a-terre at Montreux. Offered at only $167,000 this spacious studio offers an exceptional value for a Belltown condo.
