Tag: Seattle Condos
2011 Seattle Condo Year End Review
2011 turned out to be pretty good for Seattle’s condominium market – lower prices drove strong sales activity, several projects closed out and inventory returned to pre-construction boom levels.
Seattle condo project updates
The Danielle and 1111 E. Pike Condominiums are close to selling out with just three homes left at each development. Marselle & Hjarta are over 75% sold and the Pontedera reduced prices significantly.
Top 10 Most Expensive Seattle Condos Sold in 2011
The Fifteen Twenty-One Condominium in downtown Seattle tops the list of the top ten 2011 most expensive Seattle condo sales.
Escala Condominium Now 55% Sold
Escala closed an additional 80 sales in 2011 for a total of 147 closed units; the luxury condo tower is now 55% sold.
Spotlight: Cosmopolitan Sub-Penthouse
Rare sub-penthouse opportunity at the Cosmopolitan: spacious 2-bedroom home with high-end finishes and panoramic views of Lake Union and the Cascades.
Seattle Condo Market Report November 2011
Closed Seattle condo sales jumped 44% last month amid a tightening inventory supply and falling prices.
Congress Reinstate Higher FHA Loan Limits
On October 1, 2011 the increased loan limit for FHA Loans expired reducing the limit in the Seattle area from $567,500 to $506,000 for FHA back loans, potentially affecting upper-end purchases. Last week, FHA got a reprieve from Congress, which reinstated the higher loan limits in 42 states through 2013. For the Seattle/King County area…
Olive 8 is 65% Sold, Drops HOA dues by 15%
Olive 8 closed on its 148th home and is now 65% sold, plus HOA dues will be lowered 15% for 2012.
Project updates and development news
The Escala Condominium has obtained full Fannie Mae approval, new land use approvals that may affect Belltown condos, Queen Anne High School lawsuit and project updates.
Seattle Condo Market Report – October 2011
Seattle’s condo market reflected another month of strong sales velocity, constricting inventory and falling condo prices.
