Kirsten Grind over at the Puget Sound Business Journal posted a more detailed update yesterday on the 180° strategy turnaround at the upscale downtown condo complex Escala that we mentioned a month ago.
Escala cutting condo prices by 50 percent
Downtown Seattle condominium tower Escala will lower prices by as much as 50 percent on unsold units, [...]
April 2008: Raising Prices to Entice Buyers—wait, what? (Awesome plan, Escala!)
Developer Lexas Cos. said this week that on June 5 it will raise the asking prices 3 to 7 percent for about 70 unsold units that have been on the market since last spring.
Another 22 units that will be released for sale May 1 also [...]
Another great story in the Seattle Times today by Eric Pryne: Bellevue Towers, other new condo projects cutting prices
The developer of the region’s tallest luxury condo towers says it’s cutting prices an average of 20 percent in hopes of kick-starting sales.
Only 43 of the 539 units at Bellevue Towers in downtown Bellevue have sold since [...]
Here’s an interesting story that popped up over the weekend and had people emailing me and discussing it in the comments and forums. A downtown luxury condo building named Escala is having trouble moving the last 70 units (of 270, so roughly 25%), so to try and juice up their sales, they’re raising prices. [...]
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