As you may have seen recently, Olive 8 made some bold moves to re-invegorate their sales process.
First and foremost they gave Realogics/Sotheby’s the exclusive to sell their remaining inventory. Secondly they have gone on record as of this morning with an 18% price reduction across the board (Press Release). Lastly, they also released an advertorial this morning in the Seattle Times (Read Here).
I’ve attached their new pricing here:
In a release from Dean Jones at Realogics/Sotheby’s:
Julie McAvoy will lead the sales team today onsite daily from 12pm – 6pm. The existing model homes have been refreshed with several new model homes under development at this time. Now that we have a price list from the seller she will be contacting several hundred registrants that have visited the website at www.olive8reset.com and requested additional information. We’ve been very pleased to see a significant volume of inquiries from homebuyers and brokers suggesting that the interest is there. We anticipate the price reductions will help reboot sales as buyers are encouraged to present offers and new values are established for the remaining homes above the 27th floor as they close. It should be noted this elevation marks the point where Olive 8 becomes taller than the several adjacent buildings, which improves the light and views for the homes. Hence the focus last year to sell substantially all the homes below the 27th floor in order to achieve the FNMA approvals requiring the building to be 50% sold, which it now is. To view the sold, pending and available inventory, we have turned on an interactive availability chart here: http://olive8reset.com/availability.php
NWMLS listings should be live this morning based upon the sample price list attached. Additional homes are available with pricing upon request