Sunday Seattle Times

It’s been a while since I’ve picked up a Sunday Seattle Times. Here are the ads that had something interesting to say:

Bolero: 6 units remaining – 69 sold in 3 months

Epic: Over 68% sold. Immediate occupancy. Free homeowners until 2009.

La Toscane: Over 50% sold

Moda: Presales starting fall of 2006 (now added to the list and Ben has blogged about them too).

The Morgan: Only 2 left

Noma: Over 80% sold

Press Condos: Selling this fall

South Lake Union: Only 4 days left to submit your lottery cards.

Waters Edge: 60% sold in first two weeks (now since they’re selling 1/3rd ownerships does that mean they’ve sold 60% of the units or 60% of the available shares?)

There were also a few articles:

Olympia discovers condo appeal:

After years of dormancy, the condo market is taking off, driven by early retirees who want a break from home maintenance and by singles who want something cheaper than a single-family home.

Any volunteers to maintain a http://olympia.urbnlivn.com list?

Queen Anne: Historic neighborhood close to downtown equals high prices:

Single-family houses and condominiums in the area that includes Queen Anne had a median price of $483,000 in June, up 13.7 percent over the past year, according to the Northwest Multiple Listing Service.

Renting or buying: the pluses and minuses. This is a bad article, they shouldn’t have run it.

About Matt

Matt , Urbnlivn's publisher, has a love for lofts, floating homes and mid-century moderns.

For years Matt resisted becoming a real estate agent preferring to be an executive in the startup world but he recently caved in the spring of 2014 and became an agent.

You can also find Matt on Twitter or skiing.

  • Peckham

    “Renting or buying: the pluses and minuses. This is a bad article, they shouldn’t have run it.”

    I have to assume your comment is sarcasm. Personally, I find it refeshing to see a few ounces of truth printed amongst the gallons of marketing BS that has America snapping up homes like the last few potato chips at a post-HempFest party.

    Owning in Seattle will cost you more than renting, and with an impending real estate market crash on the way, hopes of cashing in on equity will be a fleeting aspiration.

    The most recent report on existing home sales was not inspiring: It said that sales had dropped to their lowest level in two years during July, that inventories were at their highest since 1993 and that price appreciation has slowed almost to a standstill compared to one year ago. The time-bomb has already gone off in many parts of the country, while it is still ticking in Seattle. It’s only a matter of time…

  • Peckham

    “Renting or buying: the pluses and minuses. This is a bad article, they shouldn’t have run it.”

    I have to assume your comment is sarcasm. Personally, I find it refeshing to see a few ounces of truth printed amongst the gallons of marketing BS that has America snapping up homes like the last few potato chips at a post-HempFest party.

    Owning in Seattle will cost you more than renting, and with an impending real estate market crash on the way, hopes of cashing in on equity will be a fleeting aspiration.

    The most recent report on existing home sales was not inspiring: It said that sales had dropped to their lowest level in two years during July, that inventories were at their highest since 1993 and that price appreciation has slowed almost to a standstill compared to one year ago. The time-bomb has already gone off in many parts of the country, while it is still ticking in Seattle. It’s only a matter of time…

  • anon

    The sky is falling! The sky is falling! Aaah! Run for your lives!

    People are funny. They say you shouldn’t have listened to all of the experts at the height of the market. Now we should all listen to them because they say the market is crashing.

    Do some homework. Do what feels right. The market is definately slowing. What does this mean? The real estate market is no longer the latest “get rich quick” scheme. It’s simply back to what it should be: a place for people to buy a property in a neighborhood they like, because it feels good and it worked pretty well for their parents and grandparents.

    To all the doom and gloomers out there: chill out, it’ll be okay.

  • anon

    The sky is falling! The sky is falling! Aaah! Run for your lives!

    People are funny. They say you shouldn’t have listened to all of the experts at the height of the market. Now we should all listen to them because they say the market is crashing.

    Do some homework. Do what feels right. The market is definately slowing. What does this mean? The real estate market is no longer the latest “get rich quick” scheme. It’s simply back to what it should be: a place for people to buy a property in a neighborhood they like, because it feels good and it worked pretty well for their parents and grandparents.

    To all the doom and gloomers out there: chill out, it’ll be okay.

  • Peckham

    Take a look for yourselves, and tell me if it fits the definition of a bubble:

    BUBBLE

    Definition:
    A description of rapidly rising equity prices, usually in a particular sector, that some investors feel is unfounded. The term is used because, like a bubble, the prices will reach a point at which they pop and collapse violently.

    See: http://photos1.blogger.com/blogger/6511/
    1295/1600/27leon_graph2.large.gif

  • Peckham

    Take a look for yourselves, and tell me if it fits the definition of a bubble:

    BUBBLE

    Definition:
    A description of rapidly rising equity prices, usually in a particular sector, that some investors feel is unfounded. The term is used because, like a bubble, the prices will reach a point at which they pop and collapse violently.

    See: http://photos1.blogger.com/blogger/6511/
    1295/1600/27leon_graph2.large.gif

  • Bob

    Thanks for the compilations. If they price a condo in the metro area at $300s, it will sell. Period.

  • Bob

    Thanks for the compilations. If they price a condo in the metro area at $300s, it will sell. Period.

  • Peckham

    Agreed. Unfortunately, only about 7% of the condos listed on this blog are priced at $300K

  • Peckham

    Agreed. Unfortunately, only about 7% of the condos listed on this blog are priced at $300K

  • Tim

    Put it this way, I am currently renting a unit in the Tavona condos. (tavona.net) My unit sells for $650,000.

    To rent said unit is $1300/mo.

    Explain to me how it would be cost effective to buy this unit instead of rent it?

  • Tim

    Put it this way, I am currently renting a unit in the Tavona condos. (tavona.net) My unit sells for $650,000.

    To rent said unit is $1300/mo.

    Explain to me how it would be cost effective to buy this unit instead of rent it?