{"id":4829,"date":"2009-03-24T10:02:34","date_gmt":"2009-03-24T17:02:34","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=4829"},"modified":"2009-03-24T22:25:28","modified_gmt":"2009-03-25T05:25:28","slug":"last-of-queen-anne-high-school-condos-finally-unloaded","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2009\/03\/24\/last-of-queen-anne-high-school-condos-finally-unloaded\/","title":{"rendered":"Last of Queen Anne High School Condos Finally Unloaded"},"content":{"rendered":"

Long-time observers of Seattle’s housing market may recall way back in September 2006, when the Queen Anne High School condo conversions came on the market, debuting to a heaping helping of (what read to a mere real estate consumer as) over-the-top gushing from local agents,<\/a> declaring them to be “awesome” and the prices “amazing,” as well as news coverage<\/a> with quotes from locals declaring their overwhelming emotions in statements like “I’m going to start crying.”<\/p>\n

Of course, it takes more than an outpouring of the touchy-feelies to sell real estate. A mere month after hitting the market, the units were already going on sale<\/a>.<\/p>\n

Fast-forward almost two and a half years, and thirteen of the 137 condos in the project still<\/em> hadn’t sold, so it was off to the auction block.<\/p>\n

Matt at Urbnlivn has a great table with the full detailed results of the auction in his post on Sunday’s bid-fest<\/a>.<\/p>\n

KOMO News also has some video coverage on the auction<\/a>.<\/p>\n

Andre LeCompte was determined to land one of the townhouses. And after a few minutes, he won – spending $426,000 on a property that originally had a selling price of nearly $600,000.<\/p><\/blockquote>\n

According to Matt’s table<\/a>, that wasn’t even the best example of how cheap these things were going (relative to their original prices). Unit #287 (2-bed, 1.75-bath, 1,164 sqft.) had an original price of $600,000, and sold at the auction for “just” $360,000.<\/p>\n

While the winning bidders might be pleased with Sunday’s auction results, I get the feeling that people who paid $500-$600k for units like this 1-bed, 1-bath 956 sqft. unit<\/a> aren’t exactly thrilled.<\/p>\n","protected":false},"excerpt":{"rendered":"

Long-time observers of Seattle’s housing market may recall way back in September 2006, when the Queen Anne High School condo conversions came on the market, debuting to a heaping helping of (what read to a mere real estate consumer as) over-the-top gushing from local agents, declaring them to be “awesome” and the prices “amazing,” as…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[198],"tags":[4,489],"coauthors":[],"class_list":["post-4829","post","type-post","status-publish","format-standard","hentry","category-news","tag-condos","tag-queen-anne"],"yoast_head":"\nLast of Queen Anne High School Condos Finally Unloaded \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" 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