After converting their reservation holders into Purchase and Sale Agreements, NEXUS released all unsold homes to the public on Saturday March 18th. Following the conversion of the reservations and that grand opening event, 286 of the 382 homes are sold, a staggering 75%. The remaining 96 homes are in the $800's and up. No studio or open one bedroom plans remain and no lower floor one bedroom homes are left either.
With NEXUS as the only new construction high rise likely to deliver homes before the start of the next decade, there is a lot of pent up demand for new construction condo product in Seattle. Other reasons for the high amount of demand? Commutes increasing within the region are driving people back into the city center. In-migration from Silicon Valley residents due to the relative affordability of real estate, the abundant number of tech jobs available, high incomes and the added bonus that we don't have a state income tax. Also leading to demand, the ability to combine condo units into a larger format home, which is a unique opportunity that can be hard to come across with resale condominiums for obvious reasons.
If you missed out on the grand opening event, but are looking for a higher floor 1 bedroom or a 2 bedroom home at NEXUS, there are still opportunities to buy and we are happy to help you navigate the remaining inventory.
By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.