Tag: Seattle Condos
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…
Site Status & News
Server Status: The blog was transferred to a new host and everything should be back to normal. King5 Interview: l was interviewed by King5 today about the condo market, particularly the state of conversions reverting back to apartments and the overall health of the market. It was my first camera interview, it went swiftly and…
Seattle Civic Square – Downtown
Just West of Seattle City Hall is the proposed Civic Square project that’ll encompass an entire city block between 3rd and 4th Avenues and Cherry and James Streets. Civic Square will feature an open plaza with an amphitheater, water features, retail space, a Metro/Light Rail station and a 40-story office & residential tower. The curved…
Stadium Lofts Delay Presales
Stadium Lofts has delayed accepting reservations until early next year. Originally, reservations were to begin this month but it appears they are still finalizing interior finishes and pricing. There was also a hold up with permitting approval after the developer altered the original design with additional floors. Latest rendering: Previous rendering:
Seattle Condo Market Trends
Where is the Seattle condo market heading? There’s lots of speculation but no one knows for sure. Though, we can look at what the market has done this past year. Before we get into that, I just wanted to comment on reports we’re hearing from the media. Most articles that reference Seattle, namely national reports,…
