Lumen Next To Auction Off Remaining Inventory
With the Queen Anne High auction today (how’d it go??) time to move our attention to the next auction.
I hear the Lumen will be the next Seattle condo to auction off their remaining inventory. The auction will be handled by Kennedy Wilson who handled the auctions for The Press and Queen Anne High.
It looks like 24 units remain unsold at Lumen according to King County records.
There are currently 8 unsold units on the MLS with an average price of $480/square foot. The average sold price for the last 90 days for condos in Lower Queen Anne is $402/square foot. This does not bode well for the seller of #108 who won’t be able to compete against the auction pricing.