Are Condo Dues Too High?

Condo.Amenities

At what cost per month are condo dues are too high? Over the last couple decades many high-rise communities (Concord, Cristalla, 1521, Escala, Bravern, Bellevue Towers, 5th and Madison, Cosmopolitan and others) have favored amenities which ultimately requires higher dues.  Some of it is to be expected and of course you can't please everyone.  In my experience, especially in … [Read more...]

What Sold Last Week In Seattle

Marselle

I thought it might be interesting for you to see examples of what sold last week in downtown Seattle.  This includes 1 and 2 bedrooms up to $2,000,000 and dating back to Friday February 19th. This would be an interesting comparison to make week over week. Unfortunately this takes a lot of time to produce.  If you every need more detailed reports from the multiple listing … [Read more...]

Escala Sales Office Opens To The Public-March 27th

rsz_escala

Hot off the wire, please read below for a notice from the Escala Sales team.   As expected they are starting a pro-active vs re-active approach. Expect more details, but as you can see prices will start at $384,000.  How do you think the market will re-act?  I'm anxious to get your opinion! YOU NEED TO CHANGE MORE THAN JUST PRICE IN TODAY'S NEW ECONOMY Dear Jeff, As … [Read more...]

FHA Changes-From An Expert

bankofamerica

One of my trusted loan advisors in my cousin in Denver Colorado.  He is a high producing member of Bank of America's loan team.   I received a letter from him this morning that highlights the changes to the FHA programs that have been so popular over the last 18 months.   It is a reminder of the importance of working with a lender that is staying in-front of all these updates … [Read more...]

10 Units Left At Ruby

Ruby3

Ruby Condominiums now have 10 units left to reach their sellout.  This is often a great thing for owners as they can relax in their new home without the sales process in place.  With that being said, Melissa McMurray on site has done a phenomenal job introducing new owners to the project and expediting the sellout process. In the new era of Social Media marketing, Ruby had a … [Read more...]

Good Friend, Incredible Insight

Condo.Construction

I thought I would share a story of re-connecting with an old friend, who happens to be a brilliant Seattle construction defect attorney.  Dating back to when I was 15, I met this friend of mine in Gig Harbor where I grew up.  She was always at the top of her class and I felt that she would do BIG things when she graduated.  She ended up getting her undergrad, going to law … [Read more...]

It’s Official: Realogics and Sotheby's Merge

header-logo

It is official. Realogics and Sotheby's have merged.  I have added the press release below.  This was talked about for months, but has finally been announced. Their temporary website will be www.realogicssothebysrealty.com Press Release: Realogics and Sotheby's Merge A few excepts from the release: The firm, owned by Dean and Stacy Jones of Realogics, Inc., … [Read more...]

Realogics and Sotheby's Merger

While doing some independant research this morning on a local Seattle project, I've noticed that Realogics and Sotheby's are now publicly displaying their partnership.  My sources tell me we can expect a press release soon.  This would be the second local merger/partnership in the Seattle area with the well known International Sotheby's brand. Stay tuned.  I will post the … [Read more...]

Decatur

Decatur

Decatur is a 13-story condominium tower on Seattle's legendary First Hill.  Designed by celebrated Space Needle architect John Graham Jr. in 1950, the building was recently restored to its vintage glamour. The Decatur includes one-and two-bedroom residences that are newly remodeled, with attention to detail and priced to sell in todays market. Building Features: -Steel … [Read more...]

5th and Madison to Auction Remaining Units

5th and Madison

Courtesy of Matt and an Urbnlivn.com reader, 5th & Madison has plans to auction off their 18 remaining units on March 28th, 2010. Read more below: Dear 5th and Madison Owners: On Friday afternoon, Rick Drottz of 5th and Madison, LLC informed the Board of Directors of the upcoming sale of the remaining Developer owned condos. Mr. Drottz also requested we communicate … [Read more...]

Trace Lofts

rsz_trace_lofts_

Trace Lofts presents an incredible opportunity to "live urban".  Once home to a number of different businesses, Trace seems to be in the center of universe for Capitol Hill residents. A built green project of 142 open spaces, Trace built by RAFN sits in the Pike/Pine Triangle in Capitol Hill.  With studios, one and two bedroom homes, Trace offers a variety of living options … [Read more...]

Veer Lofts Update and Open House

According to Dori from the Veer Loft sales team they are now 75% sold and FHA approved.   The Veer team is also advertising an exclusive public open this weekend to view their 8 ground floor townhomes priced at $349,500 and up (square footage will range from 807-1,073). Located in South Lake Union, both Veer Lofts and Enso condos seem to have picked up steam since Vulcan and … [Read more...]

One Main Street, Now With Matrix

One-Main-Street

The newly formed Matrix Real Estate will be taking over the sales and marketing of One Main in Bellevue. One Main is a 10 story 62 unit new construction project in the Southwest corner of Downtown Bellevue. On the popular Main Street corridor, One Main was once a project that looked like it could "sell" through the recession.  Unfortunately, like many other local condo … [Read more...]

How To Choose The Right Condo

I want to help you pick out the right unit.  So, starting next week I'm launching a new UCS blog series titled "How To Choose The Right Condo". I will post every several weeks on pointers and caracteristics of what makes up a great condo purchase. If there is one thing I've learned over the time, it is that the "right" purchase will benefit you beyond your wildest … [Read more...]

Marselle Condo Update-Hot Buys & Popular Floor Plans

I reached out to Amie at Marselle over the weekend to get an update on the project. She shared a few popular floor plans as well as some good buys. The two "hot buys" according to Marselle are: Unit #204 listed at $389,990.  It is a two bedroom corner unit with 2 parking spaces are a large storage space. and Unit #117 at $249,990.  It is a 1 bedroom+den with 781 square … [Read more...]