Marselle To Price Units at $351 Per Square Foot

Roof-deck View |  Marselle |  urbancondospaces.com

Marselle is announcing a new release with units priced at an average of $351 per square foot.  As mentioned in their release, their campaign is offering deep discounts that are below recent Seattle "auction pricing". They included these calculations: Average Original Marselle Condo Release Pricing $473 Square Foot Average Seattle Condo Market Pricing  $439 Square Foot … [Read more...]

The Continental Condos

03-Rooftop-Deck

The Continental condos are located on 100th Ave, just west of Downtown Bellevue.  With 39 restored/converted condominiums the Continental offers top quality appliances, fixtures and high end materials including, granite, marble, and hardwoods.  Units on the west side of the building have Juliet balconies and the east side of the building has spacious decks of the living … [Read more...]

South Lake Union | Past and Present

South Lake Union Aerial

South Lake Union Development Map.SeattleTimes If any of you noticed this article over the last few days, I think you were probably as impressed as I was. Eric Pryne of the Seattle Times, put a together a GREAT article/map with Mark Nowlin to illustrate the massive change since 2000 in South Lake Union. It shows past development, current occupancies and proposed projects … [Read more...]

Cristalla Condos Is “The Best Place I Have Ever Lived”

Cristalla.Ext

Don't let the title fool you; that quote is not from me.  In fact, I can't say for sure who it was from.  I didn't catch her name. I was touring this afternoon at the iconic Cristalla condos and as my client and I were leaving the 15th floor, we ran into a women in the elevator that shared her experience at Cristalla the entire way down to the lobby.  It is always a great … [Read more...]

Just Sold | Enso #1305

Exterior

urbancondospaces.com and Jeff Reynolds just sold this property in the South Lake Union neighborhood of Seattle.  This is something we do for our clients each time we list or sell their home.  If you are interested in receiving our "Just Listed" or "Just Sold" e-blasts you can sign up here: Just Sold South Lake Union 820 Blanchard St #1305 Seattle, Wa … [Read more...]

Is The Rental Rate Too High? Make An Offer.

Rent

Ever wonder if a landlord would reduce the rent if you made an offer?  Let me answer that question for you; YES. Keep in mind that lease rates for a condo, home or townhouse are typically not set in stone. Depending on the situation, owners will often negotiate on price and will sometimes consider a free months rent or reduced deposits. Bottom line is; if you have found a … [Read more...]

Are Baby Boomers Downsizing?

bigstockphoto_New_Keys_Darling_1234592

Much of the condo discussion in the last 4-5 years was the incredible number of  "baby boomers"  planning to downsize out of their 3,000sf homes to move into their urban abode in the city.  Most developers that were counting on this transition were surprised at how wrong those assumptions were (for now).  In the last three years the economy put a strangle-hold on all the … [Read more...]

NY Design Firm Chosen For Seattle’s Waterfront

seattle.skyline.UCS

As reported today in the Seattle PI, the design firm, james corner field operations, was selected from four internationally recognized finalists.  The $50 million dollar project is projected to begin in 2016. I will be doing research on the impact of the project and will report back soon.  I think everyone would agree that better utilization of the Seattle waterfront is … [Read more...]

Seattle Neighborhood Map

Seattle Neighborhood Map

Both TheSeattleCondoMap and BellevueCondoMap were announced over the last couple of weeks.  These websites were created to help prospective buyers, owners and residents in getting to know our city.  I wanted to make you aware that I have added each one of these maps to the home page of the blog (urbancondospaces.com). I've included the Seattle Neighborhood map in this post … [Read more...]

1.125% Rate On A Condo Purchase?

Mortgage Rates

I noticed this add from Team Builder's sales team. They are advertising a 1.125% Interest rate on a 5/1 arm. Rates still remain at record lows, but this seemed oddly low. Let me give you an example of when a 5 year arm could be used: The potential buyer that wants to purchase a condo has their home on the market. The buyer has ample equity that they can apply towards the … [Read more...]

Decatur | 70% Sold

Exterior

The Decatur is 70% sold. Building Features: -Steel and concrete building -dual-pane windows -controlled access entry -underground (controlled access) parking -Roof top terrace -Elevators Home Features: - 1 and 2 bedroom homes - Expansive views of the city and Mt. Rainer - Brazilian wood flooring in the entry and Kitchen - Kitchens have granite countertops, … [Read more...]

Belle Arts

Belle Arts

Belle Arts is a 2000 built 5 story conversion project located in downtown Bellevue.  Belle Arts is comprised of studio, 1 and 2 bedroom units featuring hardwood inspired flooring, granite counter-tops, GE appliances, full-sized washer and dryer, fitness center, garden court and an attractive location. Belle Arts amenities include: Landscaped Courtyard Outdoor … [Read more...]

Just Leased At Madison Tower | Hotel 1000

Madison Tower

I've been fortunate this year to work with GREAT people.  I just came back from a quick trip downtown to help a client sign a lease at Madison Tower/Hotel 1000.   In my opinion leasing at a condo/hotel has its advantages. Hotel services Expanded amenities Incredible customer service 24 hour concierge Valet Discounts on room service/restaurant dining Expanded … [Read more...]

Olive 8 Condo Auction Results | Detailed Analysis

Olive8AuctionResults

As promised in my earlier post this morning the Olive 8 Auction results are in.  Click the picture below to view a detailed analysis on the numbers. In summary, 32 of the 34 units from the original "Auction Sheet" sold.   For reasons unknown, the developer elected to eliminate two of the 34 units. Auction Statistics and Observations: Total units sold 32 Average selling … [Read more...]