Posts tagged NEXUS
NEXUS Milestone: 300 Sales & 24 Months to Occupancy!

A series of impressive milestones were reached recently at NEXUS as sales were reported on 300 of the 382 homes, while SKANSKA projects first occupancy in just 24 months. “We are making tremendous progress with both sales and construction,” said Michael Cannon, Sales Director of NEXUS. “It’s exciting to think we are less than two years away from moving into Seattle’s most iconic address.”

Read More
Downtown Seattle Condo Prices Rise in May on Severe Supply & Demand Imbalance

Summer temperatures are heating up and so is demand for downtown Seattle condominiums. So why was there an 8.9-percent decrease in total absorption in downtown Seattle (NWMLS# 701) in May?

Read More
Belltown/Downtown

Belltown and Downtown combined are, in multiple ways, unlike any other area of Seattle or the broader Puget Sound region. Firstly, the area is completely urbanized: there is no single-family housing left downtown. Secondly, this area is ground zero for the widely-discussed "Condominium Conundrum" in Seattle, where nearly all multifamily construction in recent years has been allocated for apartments. As a result, the number of downtown sales is historically low amidst the greatest run-up in home prices in the city's history.

Read More
Renters of New Luxury Apartments in Downtown Seattle Missed Estimated $60 Million in Income Tax Deductions

A recent report determined an aggregate $60 million in income tax deductions were missed in 2016 by 12,562 tenants that occupied newer apartment units built since 2010 in downtown Seattle alone. 

Read More