Search / 119 posts tagged Seattle Condos

Recently, a number of condo developments, both new and conversions, adjusted prices downward. Luxe - reduced prices on a number of units between $25,000 to $30,000. Queen Anne High School - recent adjustments on select units ranged from $10,000 to $99,000.

Who knew. Listings for two 30th floor shells at the Ten Twelve First Avenue (1012 1st Avenue) project came on the market yesterday. According to the listings, 1012 1st Avenue is a 35-story tower featuring 219 hotel rooms and 25 luxury condominiums located on levels 23 through 35.

Trophy Building Pb Elemental, a design and development company focusing on contemporary residential/commercial design is currently in negotiations to acquire a piece of lot near Denny Way and Yale Ave. If they are successful in the acquisition, the plan is to build a 440' condo consisting of only 19 homes.

Olive 8 Update (A close-up on the blue glass sheets that reflects the city below.) Oilve 8 announced today that they have reached a new milestone in their construction: their exterior blue-glazed windows are now installed. The blue glass canopy is one of the several elements in architect Richard Gluckman's unique exterior design.

Insignia Update Just like several projects in town, Insignia condos on 5th Ave and Battery St is on hold and the developer is waiting for the market to recover. They are hoping to launch sales sometime in the Spring of 2009. More information will be added to their website in about four weeks.

Four Seasons Update The exclusive high-end condos in the Four Seasons are scheduled for completion end of October this year. Twenty five of the thirty six homes are sold since they started marketing two years ago. I took a hard hat tour yesterday and the weather was pretty damp.

Lots of local real estate news hitting today. Here’s another short one: Moda Condos in Belltown goes rental. When Moda Condominiums started accepting reservations in September 2006, prospective buyers lined up hours early and quickly locked up all 251 units.

Blue Heron condos on Magnolia adjusted prices this afternoon on a number of their available units. Based on updated NWMLS listings, the price adjustments range from $10,000 to $40,000. www.liveatblueheron.com Here are a few other developments that have adjusted prices this month: The Arthaus on Capitol Hill reduced prices on their remaining inventory, ranging from $10,000 to $26,000.

Just received confirmation from one of the principals behind the Moda Condominium project in Belltown. The project, which will be completed in just a few months, will in fact be converted to apartments. Moda received quite a bit of attention when it first came on the market as most of the units sold out during the first weekend of pre-sales.

July exemplified the fluidity of the housing market…it was tough month for Seattle’s condominium 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.