Downtown Seattle Housing Interactive

Elliott Krivenko, a Research Specialist with the Downtown Seattle Association sent me this great interactive that he made showing detailed information about all the residential projects in downtown Seattle from 2005 through the present. Click on the image to jump to their website for the interactive (which won’t fit on the page here). One interesting […]

Downtown Condos: Middle Class Need Not Apply

Here’s a detail in today’s Seattle Times article about Insignia—the first new construction condo project to break ground in five years—that caught my attention: While condo prices at Insignia haven’t been set, Bosa said, “they’ll be more than you can buy anything [downtown] for now.” More than anything that’s for sale right now? Yikes. One […]

Olive 8’s Unconvincing “Reset” Marketing Strategy

There has been a lot of buzz in the local real estate scene recently after Olive 8 announced their “reset” marketing strategy for 2011, following the developer’s switch from Coldwell Banker Bain to Realogics just before Christmas. One of the cornerstones of the campaign appears to be the “Reset at Olive 8” video at right […]

Friday Flashback: Olive 8: “We’re going to wait this out.”

Today’s flashback comes from… just over a year ago. July 2009: Photo by Flickr user paperjam At Olive 8 in downtown Seattle, county records indicate only 28 of 229 units have closed. But David Thyer, president of developer R.C. Hedreen, said his firm has no plans to cut prices. “We’re not inclined to discount the […]

Details on Escala’s Exit from Fantasy Land

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 […]

Escala Condos’ Shocking Price Strategy Timeline

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 […]