urbnlivn, a seattle condo blog

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: 29% [?]

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A reader asks:

I was just wondering if you have any statistics, or just general knowledge about building delays. I bought a unit at Veer, and am trying to figure out when I want to get a rate lock for my mortgage. The rate lock offered expires after 12 months, and Veer is slated […]

Popularity: 12% [?]

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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: 20% [?]

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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: 63% [?]

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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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Meritage
There has been some discussion of re-sales in the forum. One unit, #401, went STI, #306 popped up on the weekend at $487/sq ft and #203 was just listed today at $490/sq ft.
Monique Lofts
A cool unit at the Monique Lofts just came on the market, 1505 11th Ave #405 - $599,000, 934 square feet, $641/sq […]

Popularity: 18% [?]

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It’s been a while since I posted about the ads in the Sunday Seattle Times. Here’s a quick look at who’s advertising. You’ll notice only one Williams Marketing project on the list. Oddly last week the ran ads for Olive 8, Fini, Leona, 5th and Madison, Mosler, Meritage and Eastlake Lofts but this week they […]

Popularity: 97% [?]

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You can now check the inventory at Veer Lofts:
veerinventory Hosted on Zooomr
If you’re bored at work on Friday you should see how many units they have available and post the number in the comments :).
Popularity: 6% [?]

Popularity: 6% [?]

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Veer Lofts isn’t giving up numbers but here is what I know (I’m confident in the flats number being up to date but the flexi and full lofts is from last week which means they’ve likely sold more.)

Total
Sold
Avail

Full
29
6
23

Flexi
36
10
26

Flat
36
32
4

101
48
53

Clearly their more affordable units sold very quickly and the higher end units are a harder sell. […]

Popularity: 7% [?]

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