Real Estate
Land Use: 1222 E. Madison
A second design review board meeting has been scheduled for an apartment project at 1222 E. Madison, which is adjacent to Trace Lofts.
HUD approves monetizing the $8,000 tax credit
HUD just approved the monetization of the $8,000 first-time home buyers tax credit on FHA loans, making it available to buyers at the time of purchase. Though, a few caveats apply.
Open House: The Royal Crest #506
Open house at the Royal Crest Condominium (3rd & Lenora) on Sunday, June 7th from 12:00 pm to 4:00 pm. This is a large one-bedroom corner unit offered at $269,450.
More Veer Lofts price adjustments
Veer Lofts announces special pricing on a handful of units, up to $35,000 below last offered prices.
April 2009 Seattle condo market update
April market data suggests the Seattle condo market is beginning to show improvement with increased sales and plateauing inventory levels and prices.
One Olive 8 buyer’s perspective
Here’s an excellent blog posting by a pre-sale buyer at Olive 8 and his decision to walk away from $23,750.
Heron and Pagoda Towers project close to foreclosure
The Seattle Times reported that the proposed mega twin-tower project, Heron and Pagoda Towers, at 5th Avenue and Stewart is in trouble with the possibility the property will be foreclosed.
Seattle Times – Buyers back out
Good article in the Seattle Times today about the struggle and decisions that presale buyers are facing at new developments.
First quarter 2009 condo market update
The first quarter results confirm what most people already know about Seattle’s condo market – it continues to struggle. Citywide, the number of closed sales are down about 46% from first quarter last year while values have decreased 9.7%.
