urbnlivn, a seattle condo & real estate blog

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 25 [...]

Popularity: 8% [?]

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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 to remember [...]

Popularity: 10% [?]

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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 and are [...]

Popularity: 8% [?]

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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.
Popularity: 4% [?]

Popularity: 4% [?]

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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 FHA financing [...]

Popularity: 12% [?]

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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 [...]

Popularity: 8% [?]

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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 [...]

Popularity: 11% [?]

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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?
Popularity: 9% [?]

Popularity: 9% [?]

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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 [...]

Popularity: 37% [?]

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1310 E Union
#202 is down to $800,000.
2200
Someone sent me a photo of a notice of default for a 2200 unit.
Belltown Lofts
Need a 790 square foot modern space with commercial kitchen? Check out 66 Bell St #4 for $300,000.

Avalon
Need a cozy small space in Lower Queen Anne? Check out 22 John [...]

Popularity: 44% [?]

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