5thandMadisonauction
The 5th and Madison Auction happened on March 28th.  Sixteen condos were auctioned off with prices ranging from $357-$579 per square foot. Matt has more information.  It looks like some of them did not make it to the closing table.  Kennedy Wilson just sent this flyer that they have a few condos remaining that will be available at the auction price.  Also, two homes that were auctioned off previously, #1102 and #1805 are now back on the table.  Both are one bedroom homes.  It's unclear from the flyer if there are more available. 

I also recently got this info from the folks at Trace:

Prices have also been reduced on most homes at Trace North and Trace Lofts.  At Trace North, price reductions range from $10,000 to $75,000 on studio, open one bedroom and one bedroom homes, with prices now starting at $229,950.  At historic Trace Lofts, four homes remain including open one bedroom, one bedroom, and two bedroom plans with reductions from $30,000 to $150,000, with prices now starting at $369,950.  Most remaining home feature outstanding views of the downtown Seattle Skyline, Olympic Mountains and Space Needle from floor-to-ceiling windows. .

 

Trace is located at the heart of the Pike/Pine Triangle neighborhood on Capitol Hill, and scores a near-perfect 98 on www.walkscore.com. Earlier this week it was announced that downstairs neighbors Tavern Law and Barrio will be joined this summer by The Local Vine, a wine bar and restaurant.

 

Trace is 70% sold and ready for move-in and approved for 3.5% down FHA financing. There’s just two weekends left to shop for a home and qualify for the Federal Tax Credit for First-Time Buyers, up to $8000 for qualified buyers who enter into contract by April 30, 2010. 

-Wendy