urbnlivn, a seattle condo & real estate blog

The Stranger has details on the Press condo auction, The New Condo Market:

On average, the 15 condos in the Press buildings auctioned for about 80 percent of their listing price and over 30 percent of their starting bid.

Any readers attend?
Update: The Stranger has a humorous follow up story making me regret not going and getting [...]

Popularity: 18% [?]

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A reader sent in the following photo:

Looks like 18 units, 1 and 2 bedrooms, starting at $185,000. The auction date is December 13, 2008. For more details call 800-522-6664.
This sucks for existing buyers but The Press has had a hard time moving units for a long time now and has gone through several different marketing [...]

Popularity: 14% [?]

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19th Ave Lofts
#203 is available for $390,000. But I think the kitchen needs updating (if I were to update it I’d push it back under the sleeping loft to open up more of the living room):

#311 also just came on the market for $475,000 for 983 square feet and two parking spots. Compare and contrast [...]

Popularity: 36% [?]

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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: 48% [?]

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I continue to watch the MLS to see what’s happening for new condo construction across the city and re-sale activity on Capitol Hill and it’s been pretty boring this summer (please email me if you see a neat listing!)
However, this weekend in the midst of market upheaval Press Condos increased the price of 8 [...]

Popularity: 8% [?]

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Sorry for not posting more! And I know its Thursday today but better late than never. Here are the notables in the ads in last Sunday’s Seattle Times.
Azul Flats: ‘Priced for Quick Sale!’
Carbon 56: ‘No home owner dues for one year’
Cosmo: ‘The Penthouses – Move In Today’
Fini: ‘30% Sold Grand Opening Week’
Live Historic: ‘You’re either [...]

Popularity: 60% [?]

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If condos are really in demand why all the incentives? From this Sunday’s Seattle Times.
Carbon 56: $5,600 buyer bonus
Decatur: $4,000 buyer bonus
Press: No HOA dues for 2 years
Queen Anne High: $10,000 buyer bonus on all homes
Tobira: $4,000 buyer bonus
Popularity: 35% [?]

Popularity: 35% [?]

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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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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: 77% [?]

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It’s been a while since I’ve really done MLS Watch. The truth is that we’ve been having troubles at Redfin getting our ‘listing alert e-mails’ to run reliably which is what I use to compile this blog post. Anyhow, here’s a look at some of the activity over the past week that caught my eye:
Reductions [...]

Popularity: 28% [?]

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