Real Estate
1521 pre-solds on market
According to the NWMLS, at least four pre-sale buyers have listed their 1521 units on the market, priced between $1,250,000 and $2,100,000.
Cap Hill condo auction update
The Seventeen07 Condo auctioned off its remaining units generating $3 million in proceeds this past weekend.
Third quarter 2008 condo market update
Third quarter results showed no Earth shattering revelations about the market – prices and sales are down. Seattle’s condo median price for Q3 2008 was $305,000, down 5.3% from the same period last year.
More repartmenting and condoments
Jim and Matt report that Live Historic’s Marlborough conversion project is reverting back to apartments and Maris is leasing its unsold units.
Capitol Hill condo auction
Seventeen07, a recent conversion at 1707 Boylston is auctioning off 17 units with bids starting at $95,000. The auction which is being conducted by Accelerated Marketing Parnters is scheduled for Sunday, October 19th at the complex.
King5’s condo cover-up report
In case you missed it, here’s King5’s video report on condo conversion defects.
Thornton Place – Northgate
When fully completed the Thornton Place urban village will feature a 14 screen & IMAX theater, retail and restaurants, 266 apartments, 121 condos including 12 live/work lofts, a 143-unit senior living development by ERA Living and an uncovered Thornton Creek channel.
Condo odds and ends
Updates and happenings at One Main Street, Canal Station, Gallery and Veer Lofts.
WestWater rentals
The WestWater, a recent condo conversion development in West Seattle is going back to its old roots, sort of. With 45% of the units unsold, the developer took them off the market last week and is now renting them out.
NoMa fact check
NoMa sent the following mass email out exclaiming “Closeout Pricing” and claiming they have the best prices in Ballard for new two-bedroom condo homes and to compare their prices with two other new developments. So, I figured it’s fair game to take them up on their suggestion.
