Seattle Condo Review: Blog with News & Advice about Seattle Condos

1111 E Pike Tour

wenleung — Thu, 02 Jul 2009 18:45:34 -0700

The 1111 E Pike building is nearing completion. The 6-story building has 26 residential homes and two commercial spaces. One of commercial spaces will be occupied by Cupcake Royale. I took a quick tour on Tuesday but unfortunately was unable...

Enso Update

wenleung — Sun, 28 Jun 2009 23:36:32 -0700

I attended Enso's sneak preview event for brokers a couple days ago. In response to the current market conditions, the developer has revised their pricing on their homes. There was a pretty big turn out for the event. All their...

The Enclave on Lake Union

wenleung — Fri, 26 Jun 2009 22:52:34 -0700

Got this press release from the Enclave marketing team. Seems like a neat project. I was impressed with the square footage and pretty sweet location. Will be interesting to see if they get some takers to commit pre-construction in exchange...

Seattle Condo Owners

wenleung — Tue, 23 Jun 2009 22:58:35 -0700

With the market still pretty slow for sellers, lots of folks are facing the classic rent or sell question. What do you think they should do? Should condo investment owners sell or rent?(polling)

Athena Condo (Queen Anne)

wenleung — Thu, 18 Jun 2009 22:12:28 -0700

The Athena condo was one of the first apartment conversion projects during the condo boom in 2005. This 91 residential condo building is conveniently located on lower Queen Anne (323 Queen Anne Ave N). The project was developed by Pryde...

The Florentine- Pioneer Square Condo

wenleung — Fri, 12 Jun 2009 21:39:07 -0700

The Florentine Condominium is a historic building located on the south edge of Pioneer Square on 526 1st Ave South. It was built in 1909 and converted from a warehouse into 116 condos in 1990. During the conversion, an additional...

Condo Updates

wenleung — Tue, 09 Jun 2009 21:16:51 -0700

I've been working OT on a few deals so have a lot of catching up to do for the blog. Here is some of the latest Seattle condo market news: First off, The Schuster Group's proposed project on the corner...

May 2009 Seattle Condo Market Stats

wenleung — Sat, 06 Jun 2009 14:23:48 -0700

Northwest MLS just released May 2009 stats. As you may recall in April, we had pending sales up almost 50% from March. How did May pan out? Total Inventory Inventory levels continue to shrink by double digits (17.09% less property...

First Church Converting to Townhomes

wenleung — Thu, 04 Jun 2009 21:56:00 -0700

(Pictures provided by Moira Holley, archived under Seattle Condo Gallery) As it turns out, First Church of Christ is turning into a 12-unit townhome building. Last week, they debuted their model home. During today's broker's open house, I had the...

Seattle Condo market: Bottom, anyone?

wenleung — Sun, 31 May 2009 22:11:59 -0700

Couldn't help but notice a nice shape starting to form in Altos Research's median price chart. Hard to say if this is a blip or if it's the end of dropping prices. If it is, so much for the wisdom...

More Support for First Time Home Buyers

wenleung — Sun, 31 May 2009 21:52:55 -0700

In some cases, first time home buyers can borrow against their $8,000 first time buyer tax credit and apply it to down payment and/or closing costs. Aubrey at the PI has all the details here.

Lumen Auction

wenleung — Fri, 29 May 2009 14:26:18 -0700

Lumen announced today that they are auctioning off 19 of their remaining homes on Saturday, July 11th at 1.00pm at the Grand Hyatt Hotel. A pre-auction seminar will be held for interested buyers on Wednesday, July 1st at 7.00pm. Home...

Madison Lofts cuts Prices

wenleung — Tue, 26 May 2009 21:33:25 -0700

Madison Lofts sent out this email recently. Prices reduced up to $50,000. Example of new pricing: Home 204 - Was $699,950 - Now $649,950 Home 306 - Was $569,950 - Now $539,950 Home 310 - Was $499,950 - Now $479,950...

Seaboard Condo #1002

wenleung — Thu, 21 May 2009 21:57:24 -0700

There was an interesting open house held yesterday at the Seaboard building #1002. The home is currently owned by longtime developer, William Justen. If you are wondering how the home of a reputable developer looks, check this out. (Photos from...

Alex Condo Update

wenleung — Tue, 19 May 2009 21:59:20 -0700

I received this update from the Alex condo marketer. It looks like Alex will be completing in the summer though the developer is hoping the market picks up some more before they officially start selling. Furthermore, it also looks like...