Tag: Seattle Condos
The Other Shoe Drops – Domaine
According to the Daily Journal of Commerce, Intracorp has offered Domaine up for sale as apartments. The project is listed for sale on the Moran & Co. website, view listing here. In response to questions about the listing, Intracorp said, “Domaine has not been sold and we are currently selling condos and townhomes” in the…
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…
New Project Resales
Late last year Belltown welcomed the completion of two condominium projects – The Parc & Mosler Lofts. With resale units in both projects hitting the market, it’s as good a time as any to take a peek at what investors are looking to score. The Parc To date, there have been nine resales at The…
Conversion Bill Do-Over
Passed over during the last legislative session, the condo conversion bills are making their way through both houses of the state legislature. I’ve posted updated info on the bill as well as my thoughts about the bill on my other blog. I have been in favor of some sort of change to the current requirements…
Seattle Condo Performance & Appreciation for 2007
As a follow-up to the December Market Update post I’ve included charts comparing the monthly median condo price of various neighborhoods for 2006 and 2007 by MLS area. I also calculated the annual median price appreciation rate based on closed sales for 2007. For the year, Downtown, Capitol Hill and West Seattle underperformed with single-digit…
Expo62 Bites the Dust
It had been rumored for the past few months that Expo62, a new condominium project under construction in Lower Queen Anne, was going to be converted to apartments. Now, it seems to have come true. According to fellow Realtor, James Stroupe, who reserved a unit in Expo62, the building was sold to an out-of-state buyer.…
Understanding a Building’s Envelope
Farren West is the owner of Key Inspection Services and is a contributor to the Seattle Condo Blog. Farren can be contacted at KeyInspectionServices.com. One can think of a building envelope as being similar to envelopes used to mail packages through the postal service. A standard package mailing envelope is used to protect the interior…
Seattle Condo Market Update – Nov 2007
Lets start with the bad news first. The median price for Seattle condos fell for the third consecutive month; it now stands at $305,000, a 3.3% decrease compared to October. And, as we’d expect with cyclical patterns, fewer condos were sold last month, though pendings transactions remained unchanged. The good news? Overall, Seattle’s condo market…
Are Seattle Condos Uninspiring?
A reader, Phoenix, sent me the following email about the new projects lacking innovative architectural design. I think I have to agree with him. I have a question that anyone who has any interest in the Seattle/Bellevue condo boom might find interesting. I have a huge interest in architecture and what a city’s skyline say’s…
