Back in April, we created a chart comparing the new construction condo options here in the city so you could see what options were out there for newly built condos. Many things have changed since then, including Solo Lofts and Salt turning into apartments and the addition of two new buildings, Hendon in Phinney Ridge and Gridiron in Pioneer Square. We have updated the chart and wanted to share that with our readers.
A recent article in the Seattle Times, discussing buyer’s challenges with loan guideline changes, reminded me of the importance of HOA and condo buildings doing their best to stay viable and eligible for FHA, VA and Fannie Mae approvals not only for buyers in the market, but also for condo owners who might want or need to refinance. In light of stricter lending guidelines, and frankly the sheer cost of buying a condo in our very expensive Seattle condo market, there are three key things condo owners should be encouraging their HOAs to consider and stay on top off.
Our monthly event, Condos Over Coffee, is back for 2016 so come join us!
Cristalla Condominiums was built in 2005 by Developer Murray Franklyn. It is a high-end luxury condo tower in Belltown.
Asia Condominiums was converted from an apartment building into a condominium in 2006. It is located in the International District right across the street from a pocket park.
Enso Condominiums was built by Vulcan and designed by Callison Architects and was one of the first anchor condo buildings in the Denny and Westlake corridor that helped kick off all things in this part of South Lake Union and the Denny Triangle.
Right away I know some people reading this will think, I’m just saying that there is not a real estate bubble in Seattle because I’m a Realtor and I want people to keep buying.
This month we are focusing on doing more Condo Reviews and as always, I try to be impartial and neutral with my Condo Reviews so our readers, who either might be considering buying or those considering selling, will be able use this information to help them in their decision making process.
According to another Broker in our office, whose clients were in contract on a pre-sale unit, Solo Lofts in Ballard is cancelling all of their pre-sale contracts and will return all earnest deposits to the buyers due to unforeseen delays and a dispute with their contractors.
Recently our Chief Economist at Windermere Real Estate, Mathew Gardner, released his 3rd Quarter Report.
