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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 overlooked Eastlake with three new condominium projects underway.

Eastlake Lofts - The first of Eastlake's new projects, the Eastlake Lofts contains just 18 one-and-two story loft homes in the heart of the neighborhood.   Read more about Eastlake Lofts.

Equinox Condos -…

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 in the 1990's in support of the community-based Seattle Commons Park initiative.  Voters, though, said no to creating a major in-city park.  The rest is history.

So what's underway in the South Lake Union & Gateway districts?

Carbon56 - A low-rise conversion in…

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, please see the "New Search Feature" article at Seattle Housing Buzz. 

The new feature utilizes Microsoft's polygon drawing tool and John L. Scott is the first real estate company to utilize this technology.  John L. Scott is among the industry's most…

May continued to exhibit an active condo market with double digit increases in units sold city-wide. Interestingly, NE Seattle and West Seattle showed the greatest increase in unit sales, mostly attributable to a robust resale market.

City-wide, condos appreciated approximately 6% based on average sales price. However, across the board, median prices took a tumble from the prior month. Inventory has increased helping to create a buyers market, particularly with high-end properties, though I believe interest rates play a role as well. As rates continue to creep upwards, buying power decreases which move buyers to a lower price point. And, though the market has softened, sellers are receiving +/- 1% of the asking price.

Continuing reading this article at…

Press Release

Seattle Condos and Lofts (SCL) is pleased to announce that King5.com, the NBC affiliate in Seattle and part of Belo, has selected the SCL blog to provide content for King5.com's new condo section.   King5.com receives over 6-million visitors per month giving Seattle Condos and Lofts tremendous exposure.

SCL is the top-ranked condo blog in the Northwest and among the most visited consumer-focused real estate blogs in Washington (per Alexa).   Additionally, SCL regularly out-paces industry blog such as RSS Pieces, Real Estate Tomato and TransparentRE (per BlogTopSites).

February rebounded from a slow January start with condos in Seattle’s core neighborhoods realizing healthy increases, based on median sold prices. Though, average sold prices did take a tumble.

Source: NWMLS - information deemed accurate but not guaranteed. 

For more information about Seattle Condos please visit SeattleCondosAndLofts.com.

Here’s some information readers may find useful. I’ve highlighted market trend activity for three core neighborhoods - Downtown, Capitol Hill and Queen Anne - as this is were the bulk of condos and lofts are located. Click on link below.

There are three graphs for each neighborhood:

• Condos for Sale, Sold & Pending
• Average Price For Sale vs. Sold
• Average Price Per Square Foot

The Green Lake neighborhood in Seattle's north-end is a vibrant, active neighborhood centering around Green Lake Park.  One of the many jewels in Seattle, the lush Green Lake Park rings a 2.8 mile lake providing Seattlelites with rowing, running, blading, walking, biking, tennis, soccer, basketball and softball activities.

So, it's no secret that living close to the lake is very desirable.  Two of the largest condominium project are The Greenlake and Florera.  Both are less than 2 block to the lake and are within footsteps to many cafes, shops and restaurants. 

The Greenlake was completed in 2004.  The 6 story complex includes 106 studio, one- and two-bedroom condominium homes.  Read more about The Greenlake.

Florera Greenlake is currently under… Read Full Post