urbnlivn, a seattle condo blog

Reuters, No housing woes in booming Washington state (via Fast Times):

Lori Mason Curran, market research manager at Vulcan Real Estate, expects 135,000 people will move into the Seattle market over the next five years, propelling demand for housing that Vulcan’s property unit is building in South Lake Union.

I guess I should hang onto my west […]

Popularity: 11% [?]

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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: 50% [?]

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This was just going to be a bonus link but I thought it was a good opportunity to check in on our favorite flipper condos…
First the link: Forbes, Best Places To Flip A Home:

However, those looking to make a quick buck may do so in a number of markets ripe for a well-spotted flip.
Best among […]

Popularity: 14% [?]

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Sorry for the slow posting, work is killing me.
2200 vs. Cosmo
36 vs. 65.
It’s also interesting to note that there are 4 new listings at 2200 listed by John L Scott’s Jon Hunter who is working for Vulcan on Enso/Rollin/Veer. The listings all look curiously the same. Are these Vulcan owned units that didn’t […]

Popularity: 50% [?]

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2200 vs Cosmo
2200 - 36 vs Cosmo - 54.
Arcadian Court
#205, my friend Katrina’s unit that she listed on Redfin, went STI in a two days.
Fini
I hear there was a line up 25 people deep for Fini’s opening day. I also hear they started raising prices throughout the day in reaction to the demand. […]

Popularity: 35% [?]

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This weekend the Seattle Times had an article on condo flipping, Tactics in place to deter buyers from flipping and it more or less paints a rosy picture of the situation here in Seattle. The Cosmo Blog has a follow-up blog post titled condo arbitrage.

This article and topic really deserve a length post but I’ve […]

Popularity: 26% [?]

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2200 vs Cosmo Inventory Glut Match
36 versus 39. Winner: Cosmo.
Cristalla
There are 5 units available at Cristalla. The most recent to come on the market is a 436 square foot studio at $379,990. Only $872/sq ft. I guess I’ll stop bitching about Trace’s price per square foot. But it does have a $6,000 murphy bed. […]

Popularity: 27% [?]

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If you do not read the comments here are two recent cautionary comments worth noting.
The first from Jerry, the man suing Vulcan over 2200, speaks up:

Some of the issues evident from an early walk through of my unit included the fire sprinklers being installed above the framing for the ceiling (which would have required an […]

Popularity: 6% [?]

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It’s been a boring week, no exciting new re-sale units. If you see any let me know (mail *at* mattgoyer.com) or leave a post in the forums. I often wonder who can afford all these pricey condos especially given the low median condo price in Seattle. The PSBJ has a small article on Washington wages, […]

Popularity: 19% [?]

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The Stranger blows open the situation at 2200, Lawsuit and Tenant Complaints Dog Vulcan in Denny Triangle. It’s a lengthy article with lots of thought provoking questions. Here’s a teaser to get you started:

However, on March 26, 2007, O’Leary filed suit in King County Superior Court against the developers after a series of delays and […]

Popularity: 12% [?]

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