Open Houses This Weekend

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Chances are you are feeling a little cooped up by now with all this snow and ice. Cliff Mass tells us that the freezing temperatures are abating but there are still several days of rain coming. And, if you are dying to get out and see some houses this weekend, you may not find as… Read More

Open Houses This Weekend

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Ah, the final weekend before we have to admit that people might have more pressing things to do like holiday gift-buying and holiday partying. Following are three not-to-miss open houses for the weekend — of 72 condos and townhouses being shown — before you get sucked into the winter/holiday vortex. Bagley Lofts (4422 Bagley Ave… Read More

Update: New Construction Condo Inventory

The last time we checked in on new construction condo inventory was back in July, and before that in May. In May inventory looked to be 75% sold, then the needle shifted to 77% in July, and now the properties tracked in this list are 81% sold in all. As for what’s gone down the… Read More

Interesting Sales Last Week

Escala B layout

Seattle closed 18 condo and townhouse sales last week. That’s not a lot :). Following is a look at the five new construction condos that closed – a couple located downtown and a run of second floor units on Capitol Hill. Escala #1204 Downtown’s Escala sold a 910 square foot condo on the 12th floor… Read More

Check In: New Construction Condo Inventory

Just over two months ago, I did a roundup of new construction condo inventory in Seattle. It seems about time to check in and see where things stand now. Last time I said that inventory was 69% sold overall; however, I missed a few properties in my roundup. So after adding those in (including several… Read More

Two Left at 1111 E Pike; Decatur Down to One 2-Bd

Decatur - View from #407

Well, it appears I have a little media blast catching up to do. Since the condo inventory roll-up we did on May 18, the Decatur and 1111 East Pike have each sold 3 units according to media blasts sent out last Friday. That brings the Decatur to 22 remaining (85% sold) and 1111 East Pike… Read More

New Construction Condo Inventory

When new construction condos went all gangbusters a couple weeks back and closed nearly half of the condo and townhouse sales that week, it seemed like a good time to do an inventory round-up to see what’s left to buy in Seattle. And when you think about remaining inventory, you can’t help but think about… Read More

Interesting Sales Last Week

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Of the 26 condos and townhouses that closed last week, there was nearly an equal split between new construction sales and resales. I don’t specifically measure the ratio each week but as I scrolled through the list, it struck me that it seems like a higher ratio of new construction than usual. New Construction The… Read More

There’s History in Them (Capitol) Hills

Agnes Lofts

The preservation efforts involved in recent Capitol Hill developments such as Trace Lofts and the relocated Elliott Bay Book Company are highlighted in an article in Preservation magazine (pointer from Seattle’s Land Use Code who discusses Preservation or Development: How about both?). For the history-curious, I’ve listed some choice bits from the Preservation article and… Read More

Lease To Own at 1111 East Pike? Yes and No.

Did anyone else notice that 1111 East Pike had unsold units listed on Craigslist for rent? Two of the 10 remaining unsold units were in fact offered as lease-to-own last Friday. And, less than a week later both condos are leased. So, yes you can lease to own at 1111, but not any longer because… Read More

Buy at 1111 E Pike Get A Smart Car

I swear, just yesterday I was wondering when we’d see some end of year promotions to move units and today in their push to sell the remaining 10 units at 1111 E Pike, Realogics has announced if you buy a select unit you’ll get a Smart Car [pdf]: Pike/Pine homebuyers are blessed with the most… Read More

Bulk Sales Approach Sells 20 Condos

Over the weekend I got a press release from Realogics, Condo Bulk Buy Success – Sales Release Already Two-Thirds Sold. They’ve sold 20 homes out of the initial 30-unit release at The Decatur and Eleven Eleven. From the release: Based on the 20 sales to date, Cunningham estimates buyers purchased at prices that were between… Read More

Video Explaining Condo Bulk Buy

Realizing this condo bulk buy idea is kinda confusing Realogics has put together a video answering the frequently asked questions: Condo Bulk Buy from Northwest Public Relations on Vimeo. Dean also emailed over the following: I do recognize the bulk sales approach is a new concept for folks to wrap their minds around. It’s important… Read More

DJC on 1111’s Bulk Sales Approach

I don’t have a subscription to the DJC but I hear they wrote about 1111’s bulk sales approach recently, Kundig-designed lofts: Justen tries bulk sales. Fortunately I was forwarded the article. Here are the interesting bits: First on Eleven Eleven: Nine units are in the first release. They are between 612 and 793 square feet… Read More

Realogics Taking Over Eleven Eleven Sales

I hear Realogics is taking over sales at Eleven Eleven. With no sales and a big auction at Brix this weekend I suspect we’ll see prices come down soon.

Eleven Eleven Offering Incentives For Teachers?

I find this odd an promotion. If you’re a teacher or student you get 3 years of paid homeowner dues: Teachers are eligible for $0 down financing with the support of the Washington State Housing Finance Commision’s down payment assistance second mortgage program. Payments start as little as $1,400.* Students are also eligible for special… Read More

Eleven Eleven East Pike Broker’s Open Photos

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Tonight on the way home I swung by the broker’s open for Eleven Eleven at, wait for it, 1111 E Pike. It’s a 27 unit building developed by Anne Michelson on Capitol Hill designed by Tom Kundig. Tom Kundig, the architect, in case you don’t know, is a big deal. I hear that there was… Read More

1111 E Pike On Sale

Thanks to a tip to a reader I see that 27-unit new construction project on Capitol Hill, 1111 E Pike, is on the market. Unit #501 is 793 square feet making it a pricey $567/square foot putting it above neighborhoring Trace North in price (also new construction). “Immediate occupancy” and the sales center opens July… Read More

1111 Skyline

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I’m glad that 1111 give us back our sidewalk this past weekend but I’m not pleased with the skyline: Couldn’t they have done a better job housing all that roof top machinery so it isn’t such an eye sore?

January Appears To Be Off To A Good Start

Last night I looked through the probably hundred or so condos that came on the market in the last two weeks. Nothing really new or exciting. Most looked to be ones that went off the market just before Christmas. The rest were from developments like Trace and Brix putting more inventory in the MLS. And… Read More