Queen Anne and Downtown Sales on the Rise; 37 Sales Last Week

5650 24th ave

Last week there were 37 sales that went pending around the Greater Puget Sound, with a majority of sales in the Queen Anne & Downtown neighborhoods, including a 2 bedroom 37th floor unit at the Olive 8, a Market Place North Condo, and a 2 bedroom in the Grand Pacific. Nine of those units were… Read More

Free Vespas, Trip to Norway, Free Closing Costs…

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… Read More

Noma delayed another 2-3 months

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… Read More

Endless delays at Noma

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… Read More

Sunday Seattle Times

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… Read More

MLS Watch. Increases at Noma

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! 505 Belmont Ave E… Read More

MLS Watch: Lots of action!

Wow, this is the longest MLS Watch yet. I guess the realtors are assuming everyone is back from vacation and it’s time to get the units moving. Noma 19 units at Noma came online. They now have 22 listings on the MLS range in price from $222,950 to $539,950 which if my other information is… Read More

MLS Watch: Price increases at Noma

Three units at Noma that have remained on the market for more than two hundred days have had their prices increased, one by almost 10%: #510 – 1 bed/1 bath – $29,000 increase to $346,950 #516 – 2 bed/1.75 bath – $37,000 increase to $486,950 #515 – 2 bed/1.75 bath – 1,056 sq ft –… Read More

Seattle Sunday Times

What’s going on in the Seattle Sunday Times? Well I feel like lots of projects that are advertising are a little desparate. There definitely are some deals to be had with no homeowners, mortgage paid for 3-6 months, buyer bonuses, etc. I also feel like there are a lot of projects that are not in… Read More

Seattle Times Sunday

What are the ads saying? Belmont Mansion: ‘Only 3 left’ Bolero: ’19 sold first week’ Noma: ‘60% sold’Magnuson Pointe: ‘Phase I sold out’ Olive 8: ‘New inventory just released!’ Site 17: ‘Only 16 remaining!’, ‘Final phase of inventory’