Congratulations to all of the new Ruby Condominium owners!   Ruby is officially sold out!

This is an incredible accomplishment for all involved.  Kudos to the following:

Barrientos
Matrix
Seattle Bank

To stay on top of any activity at Ruby, sign up for updates on UCS or our exclusive Ruby Condominium website.

Ruby condominiums is now down to just 4 units.

Ruby is a 4 story, 52 unit project of one bedroom units on the Northend of Eastlake (MAP IT).  The majority of the units are West facing and have expansive views from Downtown Seattle to Wallingford.

Developer:  Barrientos
Management: CWD

The remaining units and floor plans are included below:

Unit #101 — $304,500: — 790 SF one-bedroom (currently the sales center)
Unit #107 — $289,500: — 801 SF open one-bedroom (Just Sold)
Unit #110 — $289,500: — 801 SF open one-bedroom
Unit #112 — $289,500: — 817 SF open one-bedroom
Unit #209 — $289,500 — 801 SF open one-bedroom

Building Features:

• Secure parking
• Ample storage
• Private landscaped courtyard
• Gas BBQ for outdoor parties
• Built Smart™, energy efficient construction
• Elevator service
  
  

Interior Features:

• Hardwoods and Carpet
• Hand laid bathroom tile floors and tub surrounds
• Granite slab kitchen and bath countertops
• Stainless steel Whirlpool™ appliances
• 9 foot ceilings with expansive windows
• Premium plumbing fixtures
• Private balconies or terraces on most homes
• A/C ready
• Carpeted bedrooms

[mappress]

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 Facebook page, ran a super effective e-mail marketing campaign and exchanged services with local restaurants and coffee shops that helped new owners get to know their neighborhood.

I think what will be interesting over the next 36 months will be to see what Seattle offers new buyers.  As most of us know, many “affordable” projects were pulled off, converted to apartments or just put on hold during the down turn of the market.

Does anyone have anything in particular that they are looking forward too?

Projects?
Neighborhood Development?

[mappress]

Just a quick sales update for Ruby and Marselle:

Ruby only has 16 units remaining, citing 2 more sales over the weekend.   All remaining units are priced below $300,000.   I would recommend for anyone interested to consider the remaining top floor units.

Marselle has had 16 sales in the last 28 days including three that occurred over the weekend.   Marselle has the following amenities:

• Community Recreation Area with Lounge and Game Room
• Fitness Center with State-of-the-Art Precor Equipment Rooftop Garden with Pet Friendly Area
• Controlled-Access Parking
• Yoga Studio
• Billiards Room
• Skyline Views
• Private Storage

For any questions, feel free to e-mail me at info@urbanimg.com

I just traded text messages with Melissa McMurray at Ruby Condominiums.  As of today Ruby is 65% sold and all remaining units are under $300,000.

I expect reasonably priced projects like Ruby and Marselle to do quite well after the first of year as the activity from the Home Buyers Tax credit continues to simulate.

[mappress]

If you are unfamiliar with the project; Ruby is a 5 story, 52 unit project of one bedroom units on the Northend of Eastlake (MAP IT) .The majority of the units are West facing and have expansive views from Downtown Seattle to Wallingford.  They have high end finishes and a charm about them for the low cost per square foot.

Their position in the market has obviously improved since the Rollin Street Flats and Equinox move to Apartments.  With that being said they offer a good product at a very fair price.  On top of that, they are located in a very attractive area for young owners, college students and city dwellers looking for instant access to everything.

In terms of their progress I had an opportunity to meet with a contact of mine at Ruby last week.  They have had a surge of sales including 8 sales in the last two weeks, with mutiple offers in counter.  They are 51% sold and are looking to sell out by year end.

Their financing has been incredible.  A partnership with a local mortgage broker (Seattle Mortgage) has allowed a %4.00 30yr fixed rate.  It will be difficult to find that type of financing anywhere else.

In terms of their available inventory, they still have great units left to sell.  Let’s keep an eye on them throughout the rest of the year.

[mappress]