Top Floor Unit at 1521 Sells for 27% Off 2009 Price

The crazy-luxury condo building at 1521 2nd Avenue—where the starting price is $1 million—is described on their website as follows: It is the West Coast’s most successful condominium high-rise community with established market values. In light of the “established market values” comment, I find it interesting to note (hat tip to WestSideBilly) that Unit 3802, […]

Smith Tower Foreclosed

In case you missed it Friday, the Smith Tower was sold (back to the bank) at foreclosure auction. Here’s KING 5’s report: Historic Smith Tower sold for $36.9 million That’s what happens when you make a big public announcement about intentions to convert to condos, scaring away all your good tenants, then fail to follow […]

Friday Flashback: Condos “providing a ray of sunshine”

Yesterday’s post about Alaska Air’s condo-booster “article” reminded me of this 2007 piece in the Seattle Times: Condos a bright spot in housing market The condo market is healthier than the detached-house market, and prices are holding their own. Those are the key findings from an analysis released Friday of the Seattle-area condominium market by […]

Friday Flashback: Half-Million-Dollar Condos in Puyallup

Came across this one in the Seattle Bubble archives, from March 2006 in the Tacoma News Tribune: After several years of public investment in downtown Puyallup, private money is now pouring into multilevel condominiums around Pioneer Park. It appears to be money well spent. Some units are expected to sell for around $500,000. “When we […]

Reader Question: Investing in a Rental Condo

I received the following question from a reader via email, and thought it would make an interesting discussion topic: I’m a long time Seattle resident who moved to Asia due to work assignment in 2007. Separately from the money we are saving to buy a home to live in when we return, we have a […]

How Are High Condo HOA Fees Justified?

I received the following question about HOA fees and typical maintenance costs from a reader via email: Why are so many condo HOA fees are so high? Alternatively: are the maintenance costs of a small single-family home (SFH) much higher than most people assume, or is the monthly fee of a well-run HOA a great […]