The developer of the Olive 8 condo project in downtown Seattle auctioned off 32 condos today at steep discounts from previous asking prices. The Olive 8 project is a luxury condo building built atop a Hyatt hotel where residents can take advantage of hotel amenities just like hotel guests. The Seattle Times reports that there [...]

The Seattle Times reports that Michael and Tara Hellickson and their real estate company Hellickson.com has been suspended by state regulators after a 17-month investigation. Their property listings have been removed as well. The Hellicksons listed a lot of properties, and their signs were a very common site in the area. Hellickson also sold an [...]

The Northwest MLS has released their Western Washington real estate statistics for August 2010. August showed the remaining effects of the housing tax credit expiration on April 30. The number of closed sales in King County for August 2010 was 1,654, a 17.5% decrease from closed sales in August 2009. New pending transactions for August [...]

After a few weeks of rumors, it was announced that the developer for Olive 8 is planning to auction 34 of the units on September 19, 2010. If you are not familiar with the Olive 8, it is a downtown Seattle condominium that is built on top of a Hyatt hotel. The condo is a [...]

The Northwest MLS has released their Western Washington real estate statistics for June 2010. As we saw in May, home sales activity remained slow after the expiration of the home buyer tax credit on April 30, though it improved slightly over May. Median and average sale prices ticked up slightly for single-family homes, while remaining [...]

The Northwest MLS recently started reporting “keybox activity” for their service area of ~19 counties in Western Washington. This is an indicator of how many buyers and agents are actively showing homes each week, and is a great leading indicator of sales activity. Not surprisingly, showing activity was strong in February-April and declined in May [...]

The Northwest MLS has released their Western Washington real estate statistics for May 2010. Not surprisingly, sales activity declined after the home buyer tax credit expired on April 30. Median and average sale prices in King County continue to move in a fairly narrow range, with small upticks in median and average sale prices over [...]

When a real estate agent shows a home in Western Washington, we all use a nifty little electronic keybox that tracks who and when the keybox was accessed. The Northwest MLS has begun publishing statistics on how many times keyboxes were opened each day, so that we can see trends in showing traffic. There is [...]

A report from today’s Seattle Times indicated that the 200 West Highland condos may be headed for a foreclosure auction. According to the report, Bank of America may foreclose on the 18 remaining unsold units in the building. “Unless Bank of America changes course, longtime Seattle developer Lorig Associates probably won’t be able to stop [...]

The Northwest MLS has released their Western Washington real estate statistics for March 2010. Sales activity rose significantly over February and compared to the same time last year. Median prices have been moving in a narrow range over the last year, though this month showed a slight uptick in median prices versus March 2009. The [...]