urbnlivn, a seattle condo blog

2200
25
Bellagio
Added 3 more units to the MLS for a total of 4. Their HOAs feel really low at $0.26/square foot.
Cosmo
28
Decatur
Decatur recently dropped prices on a number of units between $3k and $10k. Though oddly raised the price of #1306 $3k to $302,950 and #1007 $5k to $465,960

Equinox
Added 12 more units to the MLS for a […]

Popularity: 51% [?]

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I went to the Expo today. Here’s an update on sales numbers.
1 - 143 reservations for 208 units
1521 - 131 of 141 units sold
Brix - 68 of 141 units sold
Domaine - 10 of 92 units sold. I heard a rumor they took all the units off the market but they haven’t. They have switched […]

Popularity: 65% [?]

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Cheap co-op
There is a cheap co-op at the Los Angeles Apartments, 214 Summit Ave E #204 for $180k. I hate it when they don’t include the square footage.
Cheap house
There is also a cheap house up at 1412 24TH AVE for only $345,500 if you don’t mind being a little further away from the Capitol Hill […]

Popularity: 10% [?]

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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: 29% [?]

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This weekend we saw the following things happen:

Lumen flooded the MLS with 5 listings
2607 Western Ave #207 was reduced in price $20,000 to $290,000
Mosler Lofts unit #TH2 increased $20,000 to $665,000

Popularity: 8% [?]

Popularity: 8% [?]

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People have been chatting about The FatReport in the comments, so it’s time to start blogging about what they’re publishing.
Selling well
Here are some projects that have been selling well.

Cosmo - 239 of 250 units sold
Meritage - 46 of 48 units sold
Mosler - 136 of 150 units sold
Parc - 136 of 185 units sold

Lots of inventory
Here […]

Popularity: 50% [?]

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Lumen has put their hard hat tour photos online (way to go! we love to see non-marketing/staged photos):

lumen35 Hosted on Zooomr

Anyone have an update on how their sales numbers are going?
Popularity: 9% [?]

Popularity: 9% [?]

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If you buy at Lumen your neighbor to the south is going to be the Bill and Melinda Gates Foundation campus. Here are some preliminary design concepts:

Looks nice, but just think of how long it’s going to take them to build it. Couple that noise with Mercer street traffic *shudder*.
Popularity: 9% [?]

Popularity: 9% [?]

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I recently visited the Lumen sales center. Here are some photos and my notes.
Lumen Model Hosted on Zooomr

Lumen Spectra Kitchen Hosted on Zooomr

Lumen Spectra Kitchen Hosted on Zooomr

Lumen Model Floor Plan Hosted on Zooomr

Lumen Bathroom Hosted on Zooomr

Lumen Shower Hosted on Zooomr

Lumen Living Room Hosted on Zooomr

Lumen Living Room Hosted on Zooomr

Lumen Living Room Hosted […]

Popularity: 12% [?]

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A comment was recently left about who benefits financially from the retail spaces below some of the new developments:

Another factor that disuades me from the Vulcan projects is that unlike the Lumen, for example, where QFC’s rent contributes to the homeowners association (IOW, the building), it is my understanding that Vulcan will retain control of […]

Popularity: 8% [?]

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