Monthly Archives: April 2011

A Look at The Cameo, Capitol Hill's Only Planned Condominium Project Right Now

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The Cameo, a planned condominium community that is the twin of the Braeburn, is moving forward. This evening at 8:00 p.m. there is a meeting regarding the project with the Capitol Hill Design Review Board. Currently, the Cameo is the only condominium development planned for Capitol Hill.

The Cameo’s website outlines a commitment to creating an environmentally friendly living space that integrates seamlessly into the Capitol Hill neighborhood.The building will be constructed with recycled material and regional material as much as possible to reduce the building’s carbon footprint. It will also feature high efficiency lighting and elevators, increased thermal insulation and high performance glazing.

The Cameo is planned to have 60 residential units, including several live/work spaces. There will be studios, 1- & 2-bedroom condos and 2,100 square feet of retail space on the ground level. You can read more about the Cameo here.

What are your thoughts on the newest planned condo addition to Capitol Hill? Tell us through Facebook and Titter, or through the comments below!

25% of Condos on the Seattle Market Right Now Are Bank-Owned or Short-Sale Listings

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According to a recent article over at the Seattle Condo Review, nearly 25% of all condo listings on the market right now are Bank Owned properties or Short Sale listings.

On average, these properties move 19-25 days faster than regular listings. The difference between the average length of time on the market for Bank Owned and Short Sale listings versus regular listings is skewed by the fact that higher-end listings, which are not usually Bank Owned or Short Sale listings, typically take longer to sell, thereby driving up the average length of time of regular listings on the market.

Bank Owned and Short Sale properties are popular right now for investors and home buyers with cash in hand because there are more opportunities to capitalize on special deals. For home buyers who are looking to put the standard 5% down on a purchase, Bank Owned and Short Sale listings are no different in value than regular listings.

How do you see the influx of Bank Owned and Short Sale properties has changed the Seattle condo market? Share your thoughts below, on our Facebook page or through Twitter!