Tag: Seattle Condos
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.
September ’08 condo market update
The condo market performed fairly well last month; aside from a median price decline it did show signs of stabilizing. Compared to August, the median condo price remained unchanged at $310,000, though that also reflected a year-over-year decrease of 6.03%.
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.
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.
August 2008 Seattle Condo Performance
The condo market results in August continue to exhibit the fluidity of Seattle’s condo market. The citywide condo median price rose 3.3% in August to $310,000 compared to July, though it’s down 5.3% compared to August of last year.
Leona Open House Event
The Leona Condominium on Queen Anne will host an open house event on Saturday 9/13 and Sunday 9/14 from 11 am to 6 pm. Leona is a mix of the old with new. The development preserves the original 1909 structure along with the addition of a new penthouse level on top as well as townhomes…
Recent Price Adjustments
Recently, a number of condo developments, both new and conversions, adjusted prices downward. Here’s a list of those that have dropped prices in the past few weeks.
Ten Twelve First Avenue (1012 1st Avenue)
Ten Twelve First Avenue is a proposed 35-story hotel/condo development in downtown designed by acclaimed New York architect, Ismael Leyva. Not much is known about this project but two penthouse shell listings just hit the NWMLS.
July 2008 Seattle Condo Market Update
July exemplified the fluidity of the housing market. After median price gains over the past couple of months, the median price took a tumble to $299,975 last month, which reflected a 4.5% decrease compared to the same period last year and the fourth year-over-year decrease this year.
