Tag: Seattle Condo Market
Entry-Level Inventory Shrinkage
The Seattle Times recently had an interesting graph on the availability of entry-level condos over the past 15 years. The last few years have seen a drastic decrease in sub $200,000 properties. The majority of buyers that my team and I work with are first-time homebuyers and we definitely feel the squeeze. In fact, under…
Seattle Condo Expo – recap
Amid great fanfare the Seattle Condo Expo was held this past weekend. The event provided a great opportunity for potential buyers to get a feel of the upcoming condominium projects in the downtown & Bellevue areas. And, many of the presentations provided useful and insightful information about the future of Seattle’s condo market. For consumers…
April Condo Market Update
Month to month results from March to April, were less than stellar. Citywide, condo sales increased 7.8% with downtown seeing a 82% increase in sold units compared to March. However, sold prices remained flat overall. In a few core neighborhoods, prices reflect a downturn from the previous month. Compared to a year ago, the Seattle…
Friday Odds and Ends – 4/27
On the Horizon Eastlake area – Ruby Condominiums (website) at northern tip of Eastlake Ave E at E. Allison. Lower Queen Anne – Luxe Condominiums (website) at 500 5th Ave W. Thirty-nine flats starting from the low $300,000s. Escala Unveils Revamped Website Escala unveiled a new website with additional features including home floor plans,…
Seattle Condo Market Update
First Quarter Condo Market Performance Seattle’s first quarter 2007 condo sales figures exhibited a healthy market performance compared to the same period last year. The chart below shows Sold information for city-wide condo sales as well as selected downtown core neighborhoods. March 2007 Condo Market Performance The one month figures from February to March…
Friday Odds and Ends – April 6th
Urban Real Estate + 2 There are many indicators to gauge the state of the housing market – new construction, the economy, job growth, appreciation and so forth. Well, add another barometer. Sources indicate two new real estate offices will open in Belltown soon – a 2nd Windermere office and a Re/Max office. John L.…
Daily Journal of Commerce Condo Special
The Daily Journal of Commerce just released a condominium special covering a number of topics from conversions, space, market forecasts to ventilation. The DJC is subscription-based but the special report should be available without a subscription. The articles were written by the principals of condo marketing firms, developers and an architectural firm and there is…
More Market Info – NWMLS March Update
The NWMLS March update press release is out and it does confirm a strong start for the year, especially for the condo market. Figures for February show system-wide gains in both pending sales (offers made and accepted, but not yet closed) and sales prices compared to a year ago. Results were mixed among the 19…
February Condo Market Update
February rebounded from a slow January start with condos in Seattle’s core neighborhoods realizing healthy increases, based on median sold prices. Though, average sold prices did take a tumble. While I didn’t include it in the chart, the number of closed sales increased in February compared to January. Source: NWMLS, Information deemed accurate but not…
Seattle Core Neighborhood Condo Market Trends
Here’s some information readers may find useful. I’ve highlighted market trend activity for three core neighborhoods – Downtown, Capitol Hill and Queen Anne – as this is were the bulk of condos and lofts are located. Click on link below. There are three graphs for each neighborhood: Condos for Sale, Sold & Pending Average Price…
