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Seattle Condo News

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In  August 2016, the sales price per unit on downtown Seattle condos increased an incredible 31% over the previous month. According to the Urban Condo Spaces site, condo units sold, on average, in 17 days, possibly driving the number of buyers making offers sooner, due to the short turnaround. The highest price unit was on the 39th floor of Insignia Towers (see photo) and sold for $2.8 million.

Although the Seattle Times reported that 30-year fixed mortgage rates recently rose 3.46%, mortgage rates still remain at a historically low level. Depending upon the circumstance, this may be good news for buyers as well.

Developers base their projects on demand, comparing what’s charged per square foot to costs and timing needed for construction. Since the average sale price per unit in July rose from $755,828 to $993,320 in August, the condo building boon will most likely continue for some time into the future.

insignia_630

vince apt

This 2 bed 2 bath condominium with a walk score of 92 is on the market in Belltown. This unit is in close proximity to attractions such as Pike Place Market, the Olympic Sculpture Park, waterfront, restaurants, and much more. The unit features 2 beds, 2 baths, a den, chef’s kitchen and deck with clear views of the Sound. Features also include A/C, a fireplace 2 parking stalls, ample storage space, and mountain and city views. The building amenities include a secure parking garage, fitness room, 24 hour concierge, a shared rooftop deck, club room, and a guest suite for visitors. If you’re interested in this or other Seattle condominiums, contact your local real estate agent today.

Status: For Sale
Bed/Bath: 2//2
Price: $735,000