Comments on: MLS Watch: Lofts, Big Reductions

By: jcricket

jcricket — Sat, 22 Nov 2008 22:35:34 +0000

The $5.1 billion shortfall won’t end up stopping big road projects. I bet it pushes the surface + transit options to the top of the pile, as they are 1/3 to 1/4 the price of the other options and can be done twice as fast.

The passer-throughs will bitch and moan, but that’s what will happen.

And 520 and I90 will be tolled to pay for the new 520.

By: Matthew

Matthew — Sat, 22 Nov 2008 02:39:34 +0000

With a 5.1 billion dollar budget deficit I don’t think the viaduct is getting replaced in the next decade or so.

Like I said before, the location is less than ideal, but the unit is nice.

By: ADS

ADS — Sat, 22 Nov 2008 01:24:29 +0000

That bay vista unit drop shows how ridiculous price appreciation was/is in downtown. A 30% drop? Wow, if the dumb seller had it at that price he might have gotten rid of it by now. Good luck!

By: uptown

uptown — Sat, 22 Nov 2008 00:50:07 +0000

“That 300k belltown unit …”

Can you say Viaduct? Actually, it will probably be worth more than that once the Viaduct replacement is in place. You (or your tenant) would still have to live with the de-construction of the old and then the construction of the new.

By: Jason

Jason — Fri, 21 Nov 2008 21:48:28 +0000

Another Bay Vista unit, previously seen here, just had a huge drop.

2821 2nd Ave #1102
Seattle, WA 98121
MLS#: 28146158

The list price was “$1,899,905″ and changed to “$1,299,900″

By: Matt

Matt — Fri, 21 Nov 2008 18:28:32 +0000

@jeff in today’s marketing speak flat == loft.

@Matthew yeah, it is a very reasonable price relative to what else is on the market.

By: Matthew

Matthew — Fri, 21 Nov 2008 17:39:28 +0000

That 300k belltown unit actually looks pretty reasonably priced, not the best location in the world but the unit looks nice.

By: jeff

jeff — Fri, 21 Nov 2008 07:53:10 +0000

Uhm, yeah a lot of of those are still not lofts =)