There is a new bank owned unit on the market in Greenlake.  It is a top floor 1 bed, 1 bath at the 2007 built Florera Condominiums.  It last sold in January of 2008 for $445,950.  It is now listed at $349,900.  For those of you unfamiliar with the location, I’ve provided the walkscore below.  Here is a look at the listing: Unit #406

A green home may be classified by LEED, Built Green, Energy Star or another 3rd Party classification.

I thought I would highlight a few environmentally certified new construction projects and those still seeking some form of green building classification:

Trace North/Trace Lofts – Capitol Hill

Brix – Capitol Hill

Rollin Street – South Lake Union

Enso– South Lake Union

Veer Lofts – South Lake Union

Parc – Belltown

Mosler Lofts – Belltown

Cosmopolitan – Downtown Seattle

Olive 8 – Downtown Seattle

1521 – Downtown Seattle

5th & Madison – Downtown Seattle

220 West Highland – Queen Anne

Hjarta – Ballard

Florera – Greenlake

Bellevue Towers – Downtown Bellevue

I exchanged a few e-mails earlier today with a contact over at Realogics.  I thought I would share the update they provided on their current inventory.  In less than 18 months their group has acquired a notable amount of units.  I commend their efforts on promotions.  I think we would all agree that everything needs a big red-bow on it right now.  That means that it has to be price, promotions or perceived value that is second to none.  At any rate, see the update below:

MARKET DISTRICT – Fifteen Twenty-One Second Avenue (www.FifteenTwentyOne.com)

• William Justen hosted an agent seminar on Tuesday, March 23 and presented “The Value of View” (LINK)
• New video building tour online (LINK)
• New interviews with William Justen (LINK)
• New interviews with Tom Parsons (LINK)
• In celebration of recent LEED “Silver” certification, all new home sales before April 30, 2010 will include a Smart ForTwo vehicle (LINK)
• Introduced a new 4,400-sq. ft., three bedroom plus den floor plan offered at $7.25 million (combines a C & J plan for half of the 34^th floor)(LINK)
• Open house this weekend (Noon – 4pm)
• Homes start at $1.1 million
• Now more than two-thirds sold and occupied

FIRST HILL – The Decatur (www.OwntheDecatur.com)

• Offering “Double the Tax Credits” up to $16,000 (select homes) for sales before April 30
• Up to 35% off original list prices
• Home start at $184,950 or just $859 per month (see agent for details)
• FHA approved –just 3.5% down payment!
• Phase II sales release happening now – see NWMLS (LINK)
• New video building tour online (LINK)
• Now more than two-thirds sold and occupied

CAPITOL HILL – Eleven Eleven East Pike (www.1111EastPike.com)

• Up to 25% off original list prices
• FHA approved –just 3.5% down payment!
• Home start at $244,950 or just $1,127 per month (see agent for details)
• Full sales release now available  – see NWMLS (LINK)
• New video building tour online (LINK)
• Now 50% sold – only 13 homes remain!

BALLARD – Hjarta (www.hjartaballard.com)

• Bulk Sales Event – March 27 & 28 (Noon – 5pm)
• Up to 35% off original list prices
• Home start at $274,950 or just $1,154 per month (see agent for details)
• FHA approved –just 3.5% down payment!
• Phase one sales release – now listed on NWMLS (LINK)

GREENLAKE – Florera (www.floreragreenlake.com)

• Bulk Sales Event – March 27 & 28 (Noon – 5pm)
• Up to 35% off original list prices
• Home start at $244,950 or just $1,028 per month (see agent for details)
• FHA approved –just 3.5% down payment!
• Phase one sales release – now listed on NWMLS (LINK)

The Realogics/Sotheby’s group is off and running.  They are taking over both the sales and the creative direction of Florera in Greenlake and Hjarta in Ballard.  With an emphasis in “meeting the market” they are re-introducing the 100 units with new pricing and a brand new strategy.

Here is a look at the updated pricing:

o Studios (578 – 598 sq. ft.) will start from $244,950;
o One bedrooms (614 – 921 sq. ft.) will start from $274,950,
o One bedroom plus dens (792 – 923 sq. ft.) will start from $314,950;
o Two bedrooms (1,037 – 1,447 sq. ft.) will start from $399,950
o Two bedrooms plus den penthouses (1,331 – 1,578 sq. ft.) will start from $589,950
o Three bedroom plus den penthouses (1,909 sq. ft.) will start from $799,950

I’ve included the entire media release for your reference:   Media-Release

For more information feel free to e-mail us at info@urbanimg.com

Ever wonder if buying a green home is a sound financial investment?  A recent article in the Seattle Times discusses recent statistics and the benefits of buying a green home.  It cites a study by GreenWorks Realty which reviewed the NWMLS King County condominium sales from September 2007 – May 2008 and included only new construction built in 2007 and after.  The statistics reflect that 18.7% of condominiums bought during this period were environmentally certified.  When priced per square foot, these green condominium homes were 28% more valuable than non-classified homes.  A green home may be classified by LEED, Built Green, Energy Star or another 3rd Party classification.   Check out the article regarding green homes and condominums…Buying Green.

In addition to this article, I thought I would highlight a few environmentally certified new construction projects and those under construction seeking some form of green building classification:

Trace North/Trace Lofts – Capitol Hill

Brix – Capitol Hill

Rollin Street – South Lake Union

Enso – South Lake Union

Veer Lofts – South Lake Union

Parc – Belltown

Mosler Lofts – Belltown

Cosmopolitan – Downtown Seattle

Olive 8 – Downtown Seattle

1521 – Downtown Seattle

5th & Madison – Downtown Seattle

220 West Highland – Queen Anne

Hjarta – Ballard

NoMa – Ballard

Florera – Greenlake

Bellevue Towers – Downtown Bellevue