Seattle Condo Blog and Community Information

The Moda condominium entry level condo development in the Seattle Area was switched from condos to rental apartments as reported in the Seattle Times.  The building was offering 250 condominiums that were as small as 296 sq ft and started at approximately $150,000.  Many building slated for condominiums are switching to apartments or are not being built .  In my opinion in the long run if this continues it will cause a shortage of available condominiums in the area with projected regional area growth predictions.  Vacancies in the area are quite low and rents are rising.  Rent in one of the condominiums I own in Downtown Seattle increased about 20 percent from last year and.  Buyers are currently waiting for prices to drop significantly and in a growing area like Seattle with new supply being eliminated has to ask will that happen.   

Stadium lofts which will add many residents to the stadium area has been taken over by a new developer.  The Seattle times has a excellent article about the progress.  One issue in building near the stadium is the noise caused by night events.  I have represented buyers and condo owners selling in the stadium area and they commented Continue Reading »

Rumor is that some  builders in the Seattle and Bellevue area are offering price guarantees for units in their buildings.  I wanted to find out exactly how this worked so I contacted the Trio Sales center to find out right from the source.  The Trio is located at Denny and Western where Belltown, Queen Anne and the waterfront converge.  I was informed this is how the guarantee works:  Continue Reading »

Children’s Hospital in Seattle is looking into expanding.  The only problem is land is not available,  so what the solution.  The solution is buy a condominium complex and potentially use the site for the expansion.  But how do you get those condo owners to sell their condos.  Well you offer them Continue Reading »

A bill that is proceeding through the Washington State Senate and house that will protect current renters in apartment buildings that will be converted to rentals by the owners is in its final stages.

The bill would require building owners to give tenants a longer notice of the actual conversion.  Currently the notice is 90 days and that would increase to 120 days.   Relocation assistance would be increased from Continue Reading »

The construction of the condominium at 1918 eight right next to the cosmopolitan building can be viewed on a webcam installed.  This provides a good view of how a building actually is erected.