urbnlivn, a seattle condo & real estate blog

Enso is starting closing on homes today with move-ins starting tomorrow. They report having had 13 sales per month over the last six months.
Rollin Street is 90% leased.
Click more for the full release. Read the comments for a list of units that have closed and their price points.
Popularity: 11% [?]

Popularity: 11% [?]

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Last week I got an email from Veer Lofts about lower prices:
#317 – $270,000 – Deck, Needle view
#403 – $280,000 – Deck, City view
#606 – $465,000 – Deck, two patios, lake Union, city views
#607 – $440,000 – Corner unit, deck, patio, Lake UNion, city view
#617 – $395,000 – Deck, patio, Space Needle view
And a note [...]

Popularity: 15% [?]

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Just had this forwarded to me. Here’s the email from Vulcan to people who had signed purchase and sale agreements for Rollin Street, a 197 unit project, at Denny and Westlake. Here’s an old fact sheet [pdf] since they’re taken down their website.

Dear [homeowner],
As you know, we have been exploring how the financing environment [...]

Popularity: 16% [?]

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Here’s the latest on the Rollin Street delays:

When we last contacted you about Rollin Street’s closing delay, we promised an update within 3 weeks. Since then, we have continued to work to understand how the new Fannie Mae pre-sale guidelines will ultimately affect the property and our buyers. We would like to thank [...]

Popularity: 14% [?]

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Got this forwarded to me. Sorry for not posting earlier. We were busy releasing a new version Redfin where we show all our agents deals & reviews.

Hello -
With the completion of Rollin Street quickly approaching, we wanted to give you an update on the project’s status.
As you may know, new restrictions to pre-sale requirements being [...]

Popularity: 15% [?]

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I recently toured Rollin Street. Again, no photos from me since Vulcan like 1521 prohibits photography. Though Vulcan did share these photos:

Sounds like Rollin has about 52 signed purchase and sales for 208 units. They’re expecting their temporary certificate of occupancy in the first week of March, so buyers if they can get financing will [...]

Popularity: 12% [?]

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Veer Lofts recently sent an email trying to stir up a few end of year sales:

There has never been a better time to move to Veer Lofts. Prices have been reduced on many units, with some starting in the low $300’s. Interest rates are historically low with current rates under 5 percent. And, with quick [...]

Popularity: 23% [?]

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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: 45% [?]

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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 beginning of [...]

Popularity: 43% [?]

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Ben and Ashley (I guess Vulcan doesn’t like me anymore. Sad, I like getting press releases from developer’s marketing companies) let us know that as of August 1st the South Lake Union projects (Enso, Rollin and Veer) will begin holding back inventory and raising prices. It’s basic econ 101. Decrease supply and prices will go [...]

Popularity: 19% [?]

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