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With the exception of Northeast Seattle, the 2nd quarter 2007 figures exhibit an active condo market and healthy growth rate, compared to the same period last year. City-wide, the median price increased 8.4% with a 23.2% increase in units sold. However, not reflected in the figures below was a 46% increase in city-wide new listings for the 2nd quarter 2007 (1,923) compared to the 2nd quarter 2006 (1,317). The increase can be attributed to new construction listings in the MLS, a plethora of co... Read Full Post

Seattle’s condo market continued to show growth through June. Compared to a year ago, city-wide median prices for condos increased 9.9% to $301,950 along with a 6.5% increase in closed unit sales. Queen Anne, Capitol Hill, North Seattle and West Seattle realized a double-digit increase in median price over the prior year. While the year-over-year figures do show a robust market, the trend is showing a softening of the market. Compared to the prior month, city-wide, the number of active list... Read Full Post

As previously mentioned, the John L. Scott Foundation on behalf of the Seattle Children’s Hospital is sponsoring a Play Doh drive. Due to the serious illnesses and compromised immune system that many children at the Children’s Hospital have, a jar of Play Doh can only be played with once. As a result, the hospital goes through more than 2,000 jars of Play Doh every year. The Seattle Condo Blog is issuing a challenge to our readers. Bring in a new jar of Play Doh by July 31st and we will m... Read Full Post

The condo conversion market is continuing to feel the effect of a softening market. In the past few weeks a number of notable conversion projects have taken price reductions ranging from $5,000 up to $30,000 with most of the reductions being around $10,000 to $15,000. Some are offering other incentives for both the buyer (buyer bonuses, free TVs) and their agents (commissions as much as 5%). CityView - Leshi Denny Way Condos - Capitol Hill Harwood - Beacon Hill Market Court - Ballard Nine Che... Read Full Post

The Seattle Children’s Hospital is conducting a drive for Play Doh. The hospital goes through more than 2,000 jars of Play Doh every year. Due to the serious illnesses and compromised immune system that many of the children have, a jar of Play Doh can only be used once. And, thus, it’s a considerable expense for the hospital. Please consider making a Play Doh donation to Children’s Hospital. Donations will be accepted through John L. Scott offices and not at the hospital. Our office is ... Read Full Post

The Green Lake neighborhood in North central Seattle is centered around Seattle's most active recreational spot, Green Lake Park. The lake is ringed by a 2.8 mile path popular with a diverse group of patrons including joggers, bicyclists, rollerbladers and those wishing to take a casual stroll. For years Green Lake has moved along slowly in respects to real estate development. However, since 2004, the condominium market in the neighborhood has taken off and it's now undergoing a significant t... Read Full Post

Queen Anne Hill sits majestic as it overlooks the Emerald City below. Originally home to many of the city's prominent citizens, Queen Anne still reflects its heritage with its many turn of the century mansions and Queen Anne style homes. As the city grew, Queen Anne evolved and is now home to a diverse group of people, businesses and activities. Current condo developments in Queen Anne include a mixture of revitalized conversions (apartments to condos) as well as new construction. Here's what... Read Full Post

Wedged between Lake Union and Capitol Hill is Seattle's Eastlake neighborhood, one of the city's oldest. Eastlake contains a mixture of office & commercial space, apartments, condos and is dotted with single-family homes and well-established small businesses. The neighborhood is a popular place to reside given its easy access to the University of Washington and downtown. While most of the new condo projects are focused around downtown and its core neighborhoods, developers have not overlo... Read Full Post

Part of Seattle's condo revolution includes the transformation of the South Lake Union and Gateway districts just north of downtown. South Lake Union owes its revitalization from a sleepy light commercial district into a bio-medical and residential hub to the vision of Microsoft's co-founder, Paul Allen. Allen, through his Vulcan Real Estate arm, envisions transforming the area by emulating Portland's population Pearl District Allen initially began acquiring land in the South Lake Union area ... Read Full Post

John L. Scott Real Estate recently launched a new home search feature called "Neighborhood Wizard". The new feature allow buyers to use a polygon tool to draw their own home search parameters on a map. This provide users a unique opportunity and greater flexibility to pinpoint home searches to a specific neighborhood, block or even condo building. Here's a screen print of the new drawing feature in action: For more information on this feature, additional screen prints and a step-by-step guide... Read Full Post