Feb 1 Seattle Condo Update
Well, it has only been a week since I was gone for my vacation but it seems like a number of condo projects have some news for us. Fifteen Twenty-One kicked off their grand [...]
Urban Condominiums Report
I just received this press release from Urban Condominiums charting the performance of condos in Seattle over the course of 2008. The introductory comments are on the bullish side but the charts [...]
Mortgage Reforms: Good Faith Estimates
The U.S. Department of Housing and Urban development issued mortgage reforms last November by requiring lenders and mortgage brokers to provide consumers with a standardized good faith estimate (GFE) that discloses key loan terms and [...]
Press Auction: Going once, Going twice, Gone!
The Stranger posted results of the Press Auction yesterday. When the market was doing well, condo inventory used to sell within weeks and sometimes within days. In the current economic climate, [...]
If I had a million dollars…..
If I had a million dollars, what would I do? I might buy a condo with a water view. Concord in Belltown is one of the two. I love the building, near the Park, and [...]
Seattle Condo Market Update
November numbers are in. Compared to last year, sales in all major Seattle neighborhoods were lower in November 2008 than they were in November 2007. The best performers were Belltown/Downtown with 27 [...]
Another Condo Auction
Auctioning of condos seem to be the latest trend for condos these days. Press condominiums is following the footsteps of Seventeen07 and auctioning 18 of their remaining homes on the market on [...]
Seattle Condo Market Update
October numbers are in. They could be worse but they aren't very encouraging. Seems like half of the buyers who might have been in the market decided to wait and see in [...]
Future Pipeline for Downtown Projects Slows to a Trickle
There was a good article in the Seattle Times today about how after the existing projects get finished, there's unlikely to be many more commenced for a few years. Aside from the obvious [...]
Some Good News
Yes, we're almost definitely in a recession. Yes, our banking system is scratching its way out of a crisis. And yes, there are a ton of condos sitting on the market [...]