Downtown Seattle Condo Inventory.

[EconE]

Yeah...I know that the marketing firms etc. hate my intense following of the inventory but...oh well.

I'm burned out on following 2200 and the Cosmo.

Who should I watch next?

Lumen?

Parc Belltown?

any other suggestions?

no more than 2 at a time please....health issues are slowing me down right now.

[deejayoh]

[acurawsu]

I for one am interested in how the Parc Belltown is doing.

[EconE]

OK...Lumen and Parc Belltown it is.

Cosmo & 2200...you guys are off the watch list now...you may all take a deep breath of relief.

I think that those two will be nice as they are the ones coming on line soon.

I'll be quite interested to see what the investor inventory turns out to be. I have a feeling that flippers were all over every presale in the last couple years...which condo/unit they chose I would assume was pretty much dictated by their financial standing.

[EconE]

[acurawsu]

I believe the project started with about 180 units. If they are down to 14 now, we have about 7%-8% unsold. I know the Parc went on sale months ago. It would be interesting to see how prices fluctuate for the remaining units as the project gets closer to completion and certificates of occupancy are issued.

EconE, thanks' for checking it out.

[Matthew]

[finance]

Matthew - In my condo building (built in 2001, converted to condos in 2006) right behind the convention center (on First Hill) about 6 of the 75 units have resold in the past year (not too bad, at least 4 were for job relocation reasons that I know of).

Prices have appreciated approx 10% since last June. A recent unit sold that was 4 sqr ft smaller with a worse view & worse layout for 10% appreciaton, so my corner unit probably increased by ~12%.

The ironic part is that mortgage rates just jumped about 1 - 2 weeks ago and looking to refi to get rid of my 2nd mortgage (save me ~$200 - $300 per month, depending on how I structure the loan). This will cost me about $44 to $88 bucks more per month due to higher rates than about a month ago (prelim est). The reason I waited so long was that my 41% raise at work just kicked in (which put in in a better LTV category)...the ironic part is that it will be a wash with the higher mortgage rates. How about them Apples?

[EconE]

[EconE]

[finance]

[EconE]