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June 2011

Enso's Sellout Pricing

Enso recently announced updated pricing for their 11 remaining homes. The reductions for their one bedroom are fairly modest and range from 5%-7% and two bedroom reductions range from 4%-7%. Compared with Escala's homes, Enso's one bedroom pricing is pretty comparable.  A couple of two bedroom homes in Enso are priced a little higher than Escala. Furthermore, most of Escala's two bedrooms come with a 2nd parking spot and have a larger deck size.  For buyers who aren't ready for the grit of urban living and love the convenience of a Whole Foods across the street, paying a little bit of premium on Enso may be worth it. 
Enso's sellout pricing

(Note: Not all homes are published in this list.)

Related posts:

Enso Revised Pricing
Enso Breaks Ground 

By Wendy Leung with Seattle Condo Review. A guide to Seattle condos exclusively for buyers and sellers.


Flood Damage in Mosler Lofts

IMG_1245

Kiro 7 reported about the flood damage in Mosler Lofts.  The flood was a result of a resident turning her shower and leaving it running for several hours, damaging several units in the building.  Some of the condos were so badly destroyed by the water that owners had to move out for weeks.  I really empathize with that owner living directly under the flooder waking up on a Sunday morning to a big hole in the ceiling and water showering at her.  It must have been quite a sight :-(

This is why it's important to activate your insurance policy when you closed on your home.  Condo insurance is pretty affordable and can run anywhere $150-250/per year, higher if you own a high end condo and have tons of valuables to insure.  A typical coverage will look something like this:

Dwelling ------------$5,000

Personal-----------_$15,000

Loss of Use---------$6,000

Personal liability---$300,000

Medical payment- -$1,000

It's also a good idea to check with your insurer that your policy covers damage coming from another home because you never know, this could happen to you.

 

By Wendy Leung with Seattle Condo Review. A guide to Seattle condos exclusively for buyers and sellers.


Seattle Condo Market May 2011 Analysis

Seattle May condo numbers showed something for everyone. 

  • On the positive side, May 2011 pending sales were up almost 52% compared to May of 2010 and were even compared to April 2011. We saw greatest strength in the Belltown/Downtown (+88.57% vs May 2010), Ballard/Greenlake (+157.14%), and North Seattle (+58.33%) neighborhoods. In fact, Belltown pending sales were not only up year-over-year but also double digit percentage growth month-over-month as well.
  • On the negative side, May 2011 median prices for most neighborhoods still remain lower than same period last year and versus April 2011.  The major exception was Belltown/Downtown were median prices were 14.86% versus last year (note: 25% of Belltown/Downtown sales were from Olive 8).      

Seattle Condo Median Price M-O-M

Continue reading "Seattle Condo Market May 2011 Analysis" »


Harvard and Highland Update

H&H Exterior 2 1168-5 kitchen





 

 

 


Harvard and Highland
project just reported 12 remaining homes with 3 sold in May. The project was completed in mid 2009. The price point at that time was ranging from $1.5M to $5M.  Right now, there are three homes priced under the $1M mark.  The remaining homes sizes range from 1,633 to 2,520 square feet.  This project is located in the very desirable Harvard-Belmont Historic Landmark Distric and the gated community makes it feel particularly exclusive and secure. The homeowner dues are relatively low at 35 cents/square foot. Prices have dropped considerably since their presale. 

Price comparison

Related posts:

Havard and Highland Update (July 2009) 
Harvard and Highland Update (Sep 2008)
Harvard and Highland
744 Harvard Condo
Lakeview Residence Condo

 

By Wendy Leung with Seattle Condo Review. A guide to Seattle condos exclusively for buyers and sellers.


Enclave Updates

 The Enclave

Around a year ago, I posted some information about the Enclave on Lake Union. It's not a condo but an interesting and rare waterfront project. Looks like they have some new updates for us.

Yesterday, the 21-unit lakeside community released a range of home format options and up-sized plans. The project is comprised of two and three bedroom homes. Individual two bedroom homes are presold from $1.3 million and range in size from 2,500-3,000 square feet. The larger 5,200 square foot , three bedroom "combined" home is being offered from $2.995 million in an improved "vanilla shell" condition, meaning all the building systems and interior demising walls will be completed. Those buyers will have the option to specify the interior finishes. Fully finished homes with the same level of high end finishes are also available if you want skip all the hassle and move in right away. 

Continue reading "Enclave Updates" »