Real Estate
More on Heron & Pagoda Towers
More preliminary renderings of the Heron and Pagoda Tower project in downtown Seattle. Just based on the scale of the project (1.2 million square feet, $900 million) and striking architecture, this has got to rate as the most exciting development Seattle will experience. The project will consist of two 43-story towers (550′), up to 200…
January Market Update
Seattle’s condo market continues to exhibit a state of flux. Last month the condo median price dropped .49% to $305,000 compared to January 2007, the first year-over-year decrease in over 24+ months. Compared to December, the median price was down 4.7%, though typically the median price in January is lower than December. As anticipated, the…
Listings and an Open House
Just brought on two fantastic one-bedroom condo units at the Regata and Asia. These are perfect entry-level opportunities for anyone looking to enjoy the urban, in-city lifestyle. The Regata, Unit #120 This home is only the third one-bedroom unit to come on the market in over two years in the highly desirable Regata Condominium, located…
Conversion Spotlight
Queen Anne The Newbury Etruscan (website) is a small conversion project on the North side of Queen Anne at 49 W. Etruria. Originally built in 1968, the project features only 8 condominium homes comprised of 6 one-bedrooms about 680 sq ft in size and 2 two-bedrooms that are 860 sq ft. All 8 units are…
NWMLS 2007 Condo Highlights
The NWMLS just released its Brokers Report on 2007 home sales. Here are some highlights pertaining to condos: The NWMLS reported $32.3 billion in total home sales in its 19 county territory. Just about one-half of that dollar volume, $16.5 billion, was realized in King County. And, of the $16.5 billion, $13.4 billion were single…
New Look for Heron / Pagoda Towers
There’s a new look for the Heron/Pagoda project at 5th Avenue between Virginia and Stewart Streets in downtown. The most current renderings indicate a twin-tower design, which interestingly enough, will be directly across from the Westin Hotel’s twin-towers. Between the Westin & Escala (foreground) Note: A 2nd design guidance meeting has been scheduled for this…
Forte Condominiums – Pinehurst
The Forte Condominiums (website) is currently celebrating its grand opening in the Pinehurst neighborhood located in North Seattle. Forte, a 4-story conversion, features 48 one-bedroom and two-bedroom homes that range in size from 564 sq ft to 1,400 sq ft for the penthouse suites. All homes surround a large light-filled central courtyard. Currently, one-bedrooms start…
Project Happenings
The Maris – revamped its website and opened its sales office, but only on the weekends (Friday – Sunday, 12-6 pm). Homes start at $419,000. Noma – has an interesting promotion going on through Feb 29th. For buyers using the preferred lender, Noma will (1) match any price decrease (%-based) and pay float down on…
