Real Estate
Congress Reinstate Higher FHA Loan Limits
On October 1, 2011 the increased loan limit for FHA Loans expired reducing the limit in the Seattle area from $567,500 to $506,000 for FHA back loans, potentially affecting upper-end purchases. Last week, FHA got a reprieve from Congress, which reinstated the higher loan limits in 42 states through 2013. For the Seattle/King County area…
Olive 8 is 65% Sold, Drops HOA dues by 15%
Olive 8 closed on its 148th home and is now 65% sold, plus HOA dues will be lowered 15% for 2012.
Spotlight: Brix Townhome
This week’s spotlight features a rare resale at the Brix Condominium – a two-level loft home with private entrance.
Project updates and development news
The Escala Condominium has obtained full Fannie Mae approval, new land use approvals that may affect Belltown condos, Queen Anne High School lawsuit and project updates.
Garden Court Condo Foreclosure
Great foreclosure opportunity to own at Capitol Hill’s vintage Garden Court Condominium – available at 42% below its last sale price in 2007.
Spotlight: Ballard Place Townhome
Spacious two-level corner townhome unit at the Ballard Place Condominiums, featuring nearly 1,500 square feet of living space and a private exterior entrance.
Spotlight: Fremont6 Townhomes
Fremont6 is a newly completed townhome development offering six quality constructed homes with upscale finishes and spacious floor plans in Fremont’s vibrant and eclectic neighborhood.
Washington Square Update – Bellevue
Washington Square Condominium is 66% sold and its developer is moving forward with plans to develop the 10.5 acre superblock project in downtown Bellevue.
Seattle Condo Project Update
Trace North sells out and Enso is down to its final 2 homes! Escala and Bellevue Towers continue to experience strong sales in the luxury condo market.
September 2011 Seattle Condo Market Update
September’s Seattle condo market results continued the trend we’ve seen throughout the year – consistent sales volume and declining condo prices.
