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Seattle Times Reports Four Seasons Cutting Prices

By July 23, 2009

Four Seasons

Seattle Times reports, High-profile Four Seasons condo project cuts prices:

It’s been nearly six months since a sale closed at the Four Seasons, which opened late last year. Buchta said she couldn’t say how big the price reductions will be, or when they will take effect.

The project’s 36 ultraluxury view condos, which fill 11 stories, sit atop a 10-story Four Seasons Hotel at First Avenue and Union Street downtown. Sales have closed on 22 of the units, according to county records, with prices ranging from $1.26 million to $11.4 million.

The average price: $5.5 million.

Four Seasons representatives say three more units, all presold at least six months ago, should close once custom-finish work is completed. That leaves 11 condos unsold.

There’s over 80 condos for sale over a million dollars right now. And that doesn’t include what isn’t on the MLS (lots of units from Escala, Enso units, Four Seasons, 1521, etc.)