urbnlivn, a seattle condo blog

You’re probably wondering when I’ll stop posting these lame link round ups. Me too.
Seattle PI has a story with a great headline, Instead of condos, Queen Anne gets cars. Yes, that’s right, we can’t afford condos any more but we can afford luxury cars? Makes perfect sense. The article does mention some inventory numbers:

Among […]

Popularity: 24% [?]

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Before taking off for the long weekend I missed this PSBJ article on condo incentives, Seattle condo developers try luring buyers with discounts, vacations and cars:

“There has definitely been a slowdown in condo sales at all projects in Seattle,” said Mason Curran, who declined to release Vulcan’s pre-sale figures.

Their pre-sale figures as of beginning of […]

Popularity: 30% [?]

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Hjarta in Ballard is re-opening their sales center this Saturday and Sunday from 12 to 5 PM at 1528 NW Market Street. Anyone have any insight into sales volume for this project? I suspect with Canal Phase I and II and Noma that the Ballard market is thoroughly saturated with new construction.
Popularity: 29% [?]

Popularity: 29% [?]

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The Seattle PI has an article today about the lengths sellers are going to, Home sellers trying it all to hook choosy buyers:

Jennifer Nilssen wants to sell her Ballard condominium — fast.
She set her asking price about $20,000 below that of comparable condos in her building. She’s offering to finance 10 percent of the purchase […]

Popularity: 34% [?]

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I received another update on Noma:

The building has, indeed, been delayed another 2-3 months. A friend of mine who also just backed out had a (3rd) closing date of June 4th bumped to July 30th, but that was assuming they could get a temporary COO from the city. If not, his new date would be […]

Popularity: 28% [?]

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Maggie, a first time home buyer, writes in about her experience at Noma hoping to find out if there are more delays and how others have been treated. I’ve spoken to several buyers at Noma and her experience appears to be pretty typical of the bunch; copper theft, wrong size windows and bad communication:

The delays […]

Popularity: 47% [?]

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Today I got this note from a reader,

I don’t know if you heard but Canal station has stopped selling units. It has about 30 units left and the developer decided to hold
them unit January 08. Apparently they were selling so well and fast that they thought why not keep them and sell them for […]

Popularity: 14% [?]

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It’s been a while since I posted about the ads in the Sunday Seattle Times. Here’s a quick look at who’s advertising. You’ll notice only one Williams Marketing project on the list. Oddly last week the ran ads for Olive 8, Fini, Leona, 5th and Madison, Mosler, Meritage and Eastlake Lofts but this week they […]

Popularity: 97% [?]

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Here is what has been going on for the last five days…
Random action
1009 Western Ave #1102 (Waterfront Place) - $750k. No doubt the views are spectacular but what does the inside look like? I also don’t getting this marketing comment: Sold for over $50K LESS than the market value! Update: Marie at Redfin Sweet Digs […]

Popularity: 25% [?]

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Finally! A print publication has picked up on the slowing sales at Lumen, Trio, etc. From the Puget Sound Business Journal, Condo shoppers lie low (if you don’t have a paid subscription someone sent me a PDF):

Trio is among a growing number of struggling condo projects in Seattle. A downtown Seattle high-rise project at Fifth […]

Popularity: 30% [?]

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