Quite a few UCS readers have been curious how Veer Lofts in South Lake Union is doing in terms of sales and activity.  I reached out to Matrix and courtesy of Nick Jarman and Kim Tate, please see below for an update on the project.  If anyone needs any additional information, please e-mail us or use our contact form on the home page.

From Nick’s e-mail:

We currently have 84 homes sold (out of a total of 99 in the building).  77 of these sales are closed, leaving a total of 7 pending and 15 available.   Sales have been great the last couple of weeks!  Last week we sold 2 homes and received 1 offer that we’re still negotiating on (110 & 511 sold, 503 offer).  This week we have sold 1 home so far (106).   All of our ground floor homes (which are the 2-story lofts, concrete & steel) are priced under $400k.  Pricing on our open-1bd flats start at $280k, open-1bd + loft start at $289,500, and we only have 3 homes left on the top floor (2-story lofts) starting at $399,950.

We are FHA & VA approved and therefore seeing a lot of activity (especially with the $8k tax credit expiring at the end of the month).

A big thanks to Nick for the update!

If you have not seen it yet, South Lake Union has their own facebook business page (South Lake Union)

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