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Seattle Condos and Lofts Blog


Seattle Condos and Lofts Blog
Descriptions and reviews of Seattle's many condo and loft communities and information on buying and selling a condo property.
Articles: 1, 2, 3, 4, 5, 6, 7

Articles

The Other Shoe Drops - Domaine
2008-01-23 22:40:00
According to the Daily Journal of Commerce, Intracorp has offered Domaine up for sale as apartments. The project is listed for sale on the Moran & Co. website, view listing here. In response to questions about the listing, Intracorp said, ?Domaine has not been sold and we are currently selling condos and townhomes” in the development. ...
More About: Queen Anne , Shoe
Project Happenings
2008-01-23 20:08:00
The Maris - revamped its website and opened its sales office, but only on the weekends (Friday - Sunday, 12-6 pm). Homes start at $419,000. Noma - has an interesting promotion going on through Feb 29th. For buyers using the preferred lender, Noma will (1) match any price decrease (%-based) and pay float ...
More About: Real Estate , Project , Queen Anne , Ballard , Happenings
New Project Resales
2008-01-22 23:28:00
Late last year Belltown welcomed the completion of two condominium projects - The Parc & Mosler Lofts. With resale units in both projects hitting the market, it’s as good a time as any to take a peek at what investors are looking to score. The Parc To date, there have been nine resales at The Parc; ...
More About: Project
Conversion Bill Do-Over
2008-01-19 01:56:00
Passed over during the last legislative session, the condo conversion bills are making their way through both houses of the state legislature. I’ve posted updated info on the bill as well as my thoughts about the bill on my other blog. I have been in favor of some sort of change to the current requirements ...
More About: Conversion , Bill
Seattle Condo Performance & Appreciation for 2007
2008-01-17 07:27:00
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 ...
More About: Performance , Real Estate , Condo , Appreciation
Expo62 Bites the Dust
2008-01-14 23:26:00
It had been rumored for the past few months that Expo 62, 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 ...
More About: Seattle , Real Estate
Understanding a Building?s Envelope
2008-01-11 22:48:00
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 ...
More About: Building , Real Estate , Understanding , Envelope
Smith Tower Conversion Scaled Back
2008-01-09 01:42:00
The Seattle Times reported today that Smith Tower’s owner, Walton Street Capital, has amended plans to convert the venerable landmark. The new proposal calls for converting the top 12 floors to condominiums with one unit per floor, roughly about 2,000 square feet each. Read the full article at the SeattleTimes.com: Smith Tower condos: Only ...
More About: Real Estate , Pioneer Square , Back
Seattle Condo Market Update - December 2007
2008-01-08 04:20:00
The Seattle condo market saw a modest 2.7% increase in the median price in December, rising to $320,000, compared to the prior year. As expected during the close of the year, the number of active listings, pending sales and closed transactions fell last month. There were only 174 pending transactions in December, the ...
More About: Real Estate , Market , Condo , Update
Best Views in Belltown?
2007-12-22 20:47:00
Martin Selig Real Estate is proposing a new 14-story apartment building adjacent to the Olympic Sculpture Park. Located on the north end of the park, residents at the 3031 Western project will enjoy unobstructed front-row park, downtown and Elliott Bay views. …the vision calls for layers of glass ?veils? with various degrees of translucency and ...
More About: Views , Seattle , Belltown
Seattle Condo Market Update - Nov 2007
2007-12-07 23:43:00
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 ...
More About: Real Estate , Market , Condo , Update
Are Seattle Condos Uninspiring?
2007-12-03 19:47:00
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 ...
More About: Architecture , Real Estate
Site Status & News
2007-11-30 23:53:00
Server Status : The blog was transferred to a new host and everything should be back to normal. King 5 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 my ...
More About: News , Real Estate , Site
Are Aurora Ave condos a tough sell?
2007-11-27 21:43:00
Apparently it must be true when the DJC runs a feature article about developers dealing with the negative perception of being on Aurora . Here’s an excerpt related to the Domaine project. Intracorp is using noise mitigation tactics for its 92-unit Domaine condo project now under construction just south of Canlis Restaurant. Like the Kauri project, ...
More About: Real Estate , Sell , Tough
Seattle Civic Square - Downtown
2007-11-19 20:57:00
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 34-story office & residential tower. ...
More About: Real Estate , Downtown , Pioneer Square
Stadium Lofts Delay Presales
2007-11-17 20:37:00
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: Related SCL PostsStadium ...
More About: Real Estate , Pioneer Square , Stadium , Adium
Seattle Condo Market Trends
2007-11-16 21:13:00
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 ...
More About: Real Estate , Market , Trends , Market trends
So where is Midtown?
2007-11-15 17:52:00
The Seattle PI noted the trend of renaming the city’s neighborhoods. Midtown , West Edge, Gateway…where did they come from? “I don’t know who they have in charge of that,” Jewell said. “They probably just have one dude sitting behind a desk who’s like, ‘Hmm, what should we call that?’ ” Lately, that would be condo marketer ...
More About: Real Estate , Pioneer Square
Downtown Condo Updates
2007-11-15 05:25:00
Gallery Belltown Buyers speak with their pocketbooks. And, apparently buyers spoke loudly at Belltown’s Gallery Condo minium project. When the Gallery project first came online it was touting its SkyLofts concept, true two-level loft homes with 18′ ceiling heights located on the upper floors that offered spectacular city and sound views. But, it seems ...
More About: Real Estate , Hotel , Downtown , Updates
The Candyce - Magnolia
2007-11-13 21:28:00
The Candyce is a recent conversion on Magnolia conveniently located between Fisherman’s Terminal and Discovery Park. Candyce is a small, two-story building, wood-framed with brick veneer. The complex features only 10 condominium homes with a variety of floor plans. As of this writing, there are only 4 units left - a two-level ...
Clise Parcel Sold
2007-11-07 21:08:00
The old Teatro Zinzanni block between 5th & 6th Avenues and Battery & Bell has been sold to Embassy Development of Vancouver, BC. Though this isn’t exactly earth shattering news, it does express a commitment by Embassy to develop the site. The proposed development is big - encompassing two 41-story condominium towers with 643 units. ...
More About: Real Estate , Midtown , Sold
Seattle Condo Sales Performance - October
2007-11-07 00:35:00
The good news about Seattle ’s condominium market is that market values continue to reflect a strong increase over 2006. City-wide, the median sold price in October was $318,500, an 11.4% increase over October 2006. Queen Anne and Capitol Hill also reflected double-digit median price increases over the prior year as well. As ...
More About: Performance , Real Estate , Sales , Condo
Odds and Ends
2007-11-02 08:44:00
New Denny Way Tenant Walgreens announced they will open a store within the historic Bank of America building (Seattle First National) at 6th and Denny Way. Walgreens will renovate the interior but will retain the exterior and drive-thru. The store is expected to open this Summer and will be flanked by the new Taylor ...
More About: Real Estate , Carr , South Lake Union
Vida Condo Rendering
2007-10-29 21:57:00
Vida Condo minium (website) has just released a rendering of the proposed project which will include 238 flats and loft homes. Vida is anticipating holding design preview events in early 2008 where buyers will have their first opportunity to view initial floor plans, interior finishes as well as architectural and landscaping design inspirations. The ...
More About: Real Estate , Vida , Erin
8th and Seneca Condo - First Hill
2007-10-24 00:41:00
Levin Menzies, the developer behind Icon Tower, is planning another project on First Hill at 8th and Seneca. The $112 million two-tower project will feature 294 condominium homes aimed towards Gen-Xers, empty nesters and Asian immigrants accustomed to high-rise living and will incorporate a Feng Shui design. First time I’ve seen that demographic ...
More About: Real Estate , Condo , First Hill
Mosler Lofts tour
2007-10-20 05:29:00
Took a short hard hat tour of Mosler this morning, mostly to view the penthouse and sneak a peek at townhouse 2 and #703. The place was a madhouse packed with construction crews and building inspectors. I snapped a few photos, but unfortunately, the TH and 703 were both in rough shape and ...
More About: Real Estate , Tour , Belltown
Bellevue Condo Update
2007-10-18 20:55:00
One Main Street One Main Street (website) will be hosting its sales center Grand Opening this weekend at 136 - 120th Avenue SE, Bellevue . The sales center will be open to the public from 11:00 AM to 6:00 PM. There is also a special brokers open on Thursday, Oct 18th from 6:00 PM to 9:00 PM.
More About: Condo , Update
Midtown Seattle Developments
2007-10-16 23:53:00
Over the next few years Seattle ’s “Midtown ” district may experience a spate of new construction activity from several new high-rise developments under proposal. Midtown is roughly the area where Denny Triangle, Belltown and the Retail District converge. One of the projects in particular will provide a refreshing change to Seattle’s skyline.
More About: Real Estate
Beyond the Concrete Canyons
2007-10-13 01:31:00
If urban living isn’t your cup of espresso, there are a number of great condominium communities throughout Puget Sound from projects in a revitalized old Tacoma to a new high-rise project in Bellingham. Here’s a look at a few of the many condo projects in the greater Seattle area. Eastside Verdeaux - Woodinville The Verdeaux’s Grand ...
More About: Real Estate , Concrete , The Con
3rd Quarter Market Results
2007-10-12 00:07:00
City-wide, the condo market remains stable and is outperforming 2006 levels. Compared to 3rd Quarter ‘06, condo sales are up 4.9% while the median price increased a respectable 7.7% to $323,000. A few neighborhoods showed decreases in unit sales while others like Ballard & Greenwood reflected significant growth due to sales at ...
More About: Real Estate , Market , Results , Result
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