urbnlivn, a seattle condo & real estate blog

Veer Lofts is cutting prices trying to move some units before the end of the holidays.
#112: $379,500 reduced from $425,000. 975 sq ft 1 bed/1.5 bath 2 story loft
#314: $274,500 reduced from $334,950. 703 sq ft open 1 bed/1 bath flat
#416: $282,500 reduced from $310,000. 640 sq ft open 1 bed/1 bath loft with 322 [...]

Popularity: 10% [?]

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Veer Lofts must be feeling the pressure of the recent auctions. They’re offering a $8k credit on purchases through December 1, 2009. If you act fast you could also get the first-time home buyer credit of $8k making for a $16k credit. They’re also offering a 4% SOC. Which means your agent will get 4% [...]

Popularity: 10% [?]

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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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Today Veer Lofts sent out the following email:

It was quickly followed by this email to me from a reader:

Dude – are you posting from Hawaii? This is absurd. Look at the estimated payments… :) and then look at the asterisk at the bottom: based on an interest rate that doesn’t exist, without [...]

Popularity: 18% [?]

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A lot of folks put 5% earnest money down years ago to lock up a condo that is only coming to market now. Unfortunately for many folks the purchase and sale agreement they signed very likely didn’t have a financing contingency because as the sales center folks will tell you, that’s just not how it’s [...]

Popularity: 14% [?]

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1521 Lighting
1521 is starting off their grand opening week by lighting up every unit:

the 38-story Fifteen Twenty-One Second Avenue, the newest addition to Seattle’s skyline, will be lit from top to bottom at approximately 5:30 p.m., Monday, Jan. 26. The lighting will last for approximately one hour.

Hopefully it will be dark enough :P.
19th Ave [...]

Popularity: 35% [?]

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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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Domaine Foreclosure
The Daily Journal of Commerce has the news that, Trustee’s sale is set for Intracorp condo project. That project is Domaine.
Looks like Ben has a subscription and has the full details in, Domaine development to be auctioned:

The article states a limited liability company affiliated with Intracorp is in default on a $22.51 million [...]

Popularity: 21% [?]

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Vulcan’s PR Firm, Fearey group, sent over a bunch more pictures of Veer Lofts for those interested. View the album.
Roof top deck:

Den in the full loft:

Popularity: 18% [?]

Popularity: 18% [?]

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There’s no better way to spend a rainy day than checking out real estate.
Our first stop was to Veer Lofts. This weekend was Veer’s “opening weekend.” The first units closed three weeks ago and now about 15 units have moved in. They’re currently at 56% sold of 99 units. The just under a million dollars [...]

Popularity: 13% [?]

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