I noticed that there have been a few recent articles on the Seattle Condo market and its inventory (example….Seattle PI).  For me, I’ve found the best way way to get a pulse on the market is by speaking to the sales agents at each individual site.   The MLS does a fine job in addressing the current re-sale inventory, but its always nice to hear what kind of activity is coming from the “new construction sites” as well.  At one point 4-5 years ago we were estimating that only 8-10% of new construction inventory was visible to the public.  That lack of transparency is the exact reason that I started blog.

On that note, I spoke with Steve Gilpatrick at Marselle and he provided the update below:

57 Homes Sold, 42 Homes Closed

Still offering Financing Incentives & No HOA dues through the rest of the year!!  FHA & VA Approved!!  Currently closing within 21days!!

Still have fantastic values on every home!!  18 Homes left under $300K

10 – 2 Bedroom Homes under $450K

Home #603 – 371sf Studio Lake Union & Space Needle View priced at $209,990

Home #410 – 554sf Open 1 Bedroom w/Balcony priced at $239,990

Home #206 – 846sf 1 Bedroom 1.5 Bath Den w/Balcony priced at $264,990 – LAST ONE

Home #307 – 846sf 1 Bedroom 1.5 Bath Den w/Balcony priced at $284,990 – Only 3 at this price

Home #518 – 781sf 1 Bedroom 1 Bath Den City & Lake View w/Balcony priced at $309,990

Home #220 – 1255sf 2 Bedroom 2 Bath Great Room w/Balcony priced at $419,990