176 posts tagged Seattle condos

Do You Need A New Construction Inspection? May 9th, 2008 by Farren West Farren West is the owner of Key Inspection Services and is a contributor to the Seattle Condo Blog. Many people feel there isn’t a need to inspect new construction because the home has been “Code” inspected by the city.

Seattle Condo Market Update The April numbers are in and there's good news and bad news. Let's start with the bad news. For the first time in a long time, median prices in Belltown dropped.

Based on information posted a few days ago from statistics by Dean Jones at Urban Condominiums, King 5 also reported on how the credit crunch and rising construction costs is likely to reverse the market’s current buyer’s market trend. Watch the video below:

Hjarta Update Thirt-nine out of the total seventy-nine Hjarta homes are sold with buyers moving in since last month. After touring the building with Sam Ward, the sales manger, I felt like I was given a crash course in green building features. The condo is seeking LEED Silver Certification.

April Condo Performance Report May 5th, 2008 by Ben_Kakimoto April’s performance figures released by the NWMLS exhibited further softening of Seattle’s condo market. The median price for Seattle condos (citywide) was $312,500, a .8% decrease from a year ago and a 5.3% decrease from March’s record high of $329,975.

Another Belltown condo project The Schuster Group, developer of Mosler Lofts, purchased the site just south of the Bellora according to the DJC. Earlier proposals for the site included a mid-rise apartment and condo projects. At one point one of the proposed projects was called “Bellora 2″.

Olive 8 Hard Hat Tour I went on an Olive 8 hard hat tour yesterday. As the construction elevator started rising, the views just get better. We started the tour on the 26th floor. It was still in a raw stage with only some structural columns and walls but at least you can try to visualize the unit space with the help of a floor plan.

Olive 8 held a hard hat tour event at the construction site today to show off the building’s progress (I had a prior commitment and was unable to attend). Fortunately, Megan Hilfer of Parsons PR, was kind enough to share a few photos from the event which I’ve posted below.

Stadium Lofts Update The redesign of Stadium Lofts is causing the project to take longer to complete. The developer, Nitze-Stagen, and preservation group, Historic Seattle, had initially proposed the stadium Lofts project to be a two-story building.

Here’s an interesting story that popped up over the weekend and had people emailing me and discussing it in the comments and forums. A downtown luxury condo building named Escala is having trouble moving the last 70 units (of 270, so roughly 25%), so to try and juice up their sales, they’re raising prices.