Real Estate
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%.
March 2009 Condo Update
Sales activity picked up last month while the citywide median price and inventory supply rate held steady compared to February. Though, year-over-year figures show the market continues to underperform.
Essex On The Park goes hoteling
Bellevue’s proposed Essex On The Park condominium to emerge as a high-end boutique hotel.
Queen Anne HS condo auction results
All twelve of the Queen Anne High School condo homes at auction were successfully bid upon. On average, the units went for 31% below their last list/known prices.
Enso offers special pricing on select units
Enso drops prices on select homes and is offering other incentives to entice buyers.
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.
Condo TV commercial
Saw this TV commercial this past weekend for the Verdeaux Condos in Bothell … I think on the USA Network. Interesting, particularly for a smaller, lower-priced condo project to be advertising on TV.
Condos on Facebook
Condo owners and marketers are starting to use Facebook to promote their condos and create an online community space.
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.
