By The Tim on August 24, 2009
How bad is the condo market in Tacoma? Pretty bad.
Recall this article from June: Tacoma Luxury Condo Project Headed for Foreclosure
The Esplanade, a nine-story condominium on the west side of the near-downtown Thea Foss Waterway, has until Aug. 21 to escape from the imminent foreclosure, said sources close to the project who were not [...]
Posted in News | Tagged condos, foreclosures, Mastro, Tacoma, Tacoma_Tribune
By The Tim on June 25, 2009
Regular readers may recall this post from last October: Construction Defaults Over 10%, Tacoma Condos Empty.
Tacoma News Tribune: Downtown condo sales at a crawl
How’s the market for condominiums in downtown Tacoma?
“What market?” says Judy Mayfield, head of sales for The Esplanade, the 162-unit project on the Foss Waterway, now nearing completion.
After two years of extolling [...]
Posted in News | Tagged condos, construction, foreclosures, luxury, Tacoma, Tacoma_Tribune
By The Tim on January 19, 2009
We’ve seen plenty of these kinds of articles and news reports about the foreclosure situation down in southern California, but I don’t think many people ever would have expected to see such a piece written about the Seattle area: Foreclosures mean work for “trash-out” specialists
Contractors who specialize in cleaning and maintaining the nation’s growing inventory [...]
Posted in News | Tagged foreclosures, Hodges, Seattle_Times, short sales, Tacoma, Tacoma_Tribune, trash-out
By The Tim on October 10, 2008
A few more articles from this week about how dramatically the local real estate market has slowed.
Puget Sound Business Journal: Construction defaults rise in Seattle area
The latest data on local new-home sales and construction-loan delinquencies illustrate the market forces underlying the growth in mechanics’ lien filings.
Delinquencies of single-family construction loans in the Seattle/Bellevue/Everett marketplace have [...]
Posted in News | Tagged condos, construction, luxury, rent, Tacoma, Tacoma_Tribune, townhomes
By The Tim on September 3, 2008
The Tacoma News Tribune reports on a $7.2 million shortfall in the city budget, thanks to a 36% drop in expected real estate taxes:
The City of Tacoma may have to delay or slow construction on some projects in order to patch a projected $7.2 million shortfall from real estate taxes this budget cycle.
The shortfall represents [...]
Posted in News | Tagged Tacoma, Tacoma_Tribune, tax revenues
By deejayoh on July 30, 2008
I have a couple of RSS feeds from real estate sites that I use to monitor listings that might be of interest to me. They are targeted at a couple of neighborhoods, and focused on homes that are likely to be mid-century modern. Over the past couple of weeks, I had noted that the volume [...]
Posted in Statistics | Tagged Bellevue, Inventory Surge, Redfin, Seattle, Tacoma
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