Wallingford Condos under $300,000

The Wallingford neighborhood of Seattle is comprised mainly of single family homes. There are a few pockets of condos, mostly built around the Southern part of the neighborhood near Lake Union. The majority of Wallingford condos are South of N 40th Street, and close to Gasworks Park, although there have been a few new construction condos built near the business and entertainment center of Wallingford, N 45th Street.

Although prices for condos in Wallingford remain fairly high, there are a handful of good buys for first time buyers or people looking for a bargain in this well-known neighborhood.

As of today, there are 8 condos in Wallingford under $300,000. Most are 1 bedroom, 1 bath condos, but the lowest-priced home is actually a 2 bed/1 bath. Situated near 41st St and Whitman Ave, this 1940s era unit is 700 square feet and surrounded mostly by single family homes and has quick access to highway 99. It's listed at just under $250k, the only condo in this category currently.
Moving up above $250k we have 4 condos currently for sale in the Biscayne, a fairly new building. There are a couple of one bedrooms and a couple of two bedrooms available, with the two-beds listed closer to $270k. A couple of these have Lake Union water views and Seattle skyline views from the balconies. Located at 34th St and Wallingford Ave, these condos are perfect for walking down to Gasworks or commuting from Highway 99 or I-5.

On the Southeast end of Wallingford, there's a large one bedroom (almost 900 sq ft) listed under $275k in Landings Lake Union. This is one of the biggest condos available in this price range, and a quick I-5 commute location. It's also just steps from the University Bridge, street end parks on the waterfront, and Ivar's on the lake.

Sam DeBord and Brian Wiegand

Seattle Homes and Seattle Condos for sale on SeattleHome.com

Capitol Hill Condo Sales Take Big Jump in June

There were 36 Capitol Hill Condos sold in June of 2009. The median price was $286,500, and lasted just 37 days on the market. While the overall Seattle condo market has been fairly slow this year, the Capitol Hill neighborhood seems to be selling at a much faster pace. The median condo was a 1 bedroom 1 bath home. The maximum price paid last month was $565,000 for a 3 bed, 2.25 bath condo.

Compared to June of last year, we saw a 33% increase in condo sales on Capitol Hill, with just a 6% decrease in prices (median last year was $305,000). Considering that much of King County has seen 15% drops in prices since last year, this market remains very strong.
Capitol Hill, Seattle Condos For Sale

This data was not compiled or published by the Northwest Multiple Listing Service.
Featured Listing - 1029 Belmont Ave E #305, Seattle WA 98102The Palermo Condominiums - North Capitol Hill$440,000 - 2 bedrooms, 2 baths, Lake Union ViewsMotivated Seller - Just Reduced Price $55k!

Seattle's Green Lake Condo Sales, 2009

Condo sales in the Green Lake neighborhood of Seattle have been slower than single family home sales during the first half of 2009. Days on Market has averaged 61 days so far, a significant margin above houses. Median prices for the first half of the year stand at $215,000 for a typical 2 bedroom, 1 bath condo.

Much of the longer time on the market may be attributed to pre-sale, under construction projects. Many of these condos will go on the market well before completion and artificially inflate the marketing time by including presale time. Even still, for such a well-known and valued neighborhood, condos seem particularly affordable at the moment in Green Lake.

Green Lake, Seattle Condos For Sale

Wallingford Condos Sold, YTD 2009

Condos make up a low percentage of housing in the Wallingford neighborhood of Seattle, but those condominium buildings that do exist carry substantial price tags.

The median price for condos sold so far in 2009 in Wallingford was $265,000. This is a 1 bed, 1 bath condo of about 600 square feet. Marketing time for condos this year has been just over 2 months, at 65 days on market. Almost all of the condos sold in Wallingford sold between 30-90 days on the market this year.

Seattle - Wallingford Condos For Sale

Seattle Waterfront Foreclosures, Bank-Owned Condos For Sale

The number of bank-owned waterfront condos in Seattle and King County is surprisingly low, keeping in line with the scarce waterfront single-family homes in foreclosure. As of today, there are only two condos in the entire county that are listed as bank-owned waterfront, and just one of those is actually sitting on the waterfront line.

The first condo is in the Broadview/Bitter Lake area of N. Seattle. A 1 bed 1 bath condo, it's listed for just under $220,000. The condominium complex does border on Bitter Lake, and there is a trail for residents, so this is technically designated as waterfront.

The second waterfront condo is in the Kennydale neighborhood of N. Renton, just South of Bellevue on Lake Washington. This condo is a 2 bed, 1.75 bath unit with views of the lake and city. I have clients who have lived in this building, it sits right on the edge of the Lake Washington, it has a great pool right next to the lake, as well as having moorage for residents' boats. The access is just off I-405, so it's a great area to commute from. At just under $300,000, it seems to be very well-priced for a bank-owned home.

Sam DeBord and Brian Wiegand
SeattleHome.com (206) 431-5900
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Belltown condo prices increase in 2009

In a small ray of light among many darker clouds, the Belltown neighborhood of Seattle had a median price increase of 2.8% comparing Year-To-Date 2009 vs. YTD 2008. The median home price sold in Belltown was $427,000 in at this point in 2008 vs. $439,000 today.

A lot of factors could be contributing to this increase, including high-priced new construction condos coming on the market and a much lower number of total transactions, skewing the median upward. The total number of homes sold in Belltown during this same timeframe was off by more than half, which quickly rains on the very short parade of price appreciation.

Belltown condos for sale

South Lake Union - Vulcan slates Rollin Street Flats for apartments

South Lake Union's Rollin Street Flats condos have been slated for conversion to apartments, according to Vulcan Real Estate, the Seattle-based developer. While pre-sales had covered a reported 25% of the units, sales were slow enough that Vulcan decided it would not sell quickly enough to meet Fannie Mae guidelines for financing in the near future.

Home buyers who had put down deposits on Rollin Street are having their deposits returned. Additionally, they're being offered a credit on a purchase of Vulcan's other South Lake Union condos - Enso and Veer Lofts. They can also receive a credit to rent an apartment at Rollin Street.

The move is probably a positive for the South Lake Union and downtown Seattle condo market. By removing a couple of hundred condos from the current inventory, other new projects will see an uptick in buyer activity.

Lake Union homes - Seattle waterfront

Belltown's waterfront condos

Belltown is at the North end of downtown Seattle, and doesn't have a lot of waterfront real estate, but there are a handful of condo buildings that are technically on the water.

At the moment, there are just 2 condos in Belltown listed as waterfront, but they're both surprisingly affordable. Both come in under $320,000, which is below the median price point in Belltown overall. These are smaller condos (a 1 bedroom and a studio), but this is entry-level pricing for Seattle waterfront living.

Belltown waterfront condos for sale