In light of our recent blog post about Developer InHaus calling it quits on Solo Lofts condo project in Ballard along with a recent report that a Canadian developer might go with condos on their new proposed 1,200 unit project in South Lake Union, I thought it might be a good time to pause and review the presale condo market.
According to the Puget Sound Business Journal, the previously announced tower project to be built on Denny and Fairview in South Lake Union, might be condos after all.
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!
Each week we are going to highlight the highest priced condo and lowest priced condo to sell in Seattle during the previous week, not including distressed (bank owned or short sale) properties. We will also give you the averages for everything in between that sold in Seattle that week.
Updated: Hyde condominiums changed their name to Hendon CondominiumsNow that Hendon Condominiums in Phinney Ridge is available for presale they have released the starting points on pricing for their units. Open [...]
Updated: Hyde condominiums changed their name to Hendon CondominiumsHendon Condominiums (which we first blogged about in June), Isola's first condo project, in Phinney Ridge is now available for presale. The last [...]
Fifteen Twenty-One Second Avenue Condominium owners, as well as potential buyers looking at buying in this building, finally have some peace of mind about the future of the southern views from [...]
According to the DJC and PSBJ, the Burrard Group, out of Vancouver BC, has plans to construct a condominium tower in Seattle's Denny Triangle at 1200 Howell St. If this tower [...]
