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I am frankly dismayed that we did not find an entrant at our original offering point, but please do not conflate this incentive with what you have so callously called a "reduction." Perhaps in such low-class neighbourhoods as Greenlake there might be a "reduction" at a "condominium," but in Belltown we do not do such a thing.
http://seattlepi.nwsource.com/local/336370_down...
(Funny post by the way)
Maybe you should practice what you preach: Seattle reporters please do your homework. Youre paid to report; this is my hobby. "
If you looked at the property history for the Mosler lofts unit that you cited you will see that it was originally listed by Erica Clibborn not Leslie Williams for $649,000 then raised to $675,000 and then lowered to $655,000. Although it was lowered it is still $6,000 higher than the original listing price so I hardly consider that "reducing" prices it is most certainly adjusting prices something that an experienced agent will do.
Additionally, what she said was the prices on HER projects have not been cut last I checked the Listing agent was Erica Clibborn. And if youre going to refer to 5th and Madison for price cuts like you said your self: They re-adjusted a bunch of prices. Some increases as much as $25,000 and decreases up to $20,000.
Matt if youre going to call someone out for something at least do it accurately.
Regarding Domaine: I am sure you are aware of my efforts to change that "five-way stop" to a more enabling functional interchange. Simply stated, more lavish buildings deserve priority. I have instructed real estate consultation specialists to petition our local authorities to change that stop sign to a stoplight, giving priority concomitant with price per square foot to our urban lifestyle enthusiasts in Domaine and other such upscale urban lifestyle centres.
Unfortunately since I am not an agent I don't have access to the MLS to review listing histories.
ZipRealty does have a price listing history feature but oddly they have banned me from using their website. Redfin will be adding this feature in January but until then I only have my memory to rely on which can be sketchy at times. However, a reductions a reduction whether it takes the listing below the original listing price or not.
Though I feel like we're getting caught up in the details here. The point is that there are reductions, there is inventory that is sitting and developers are beginning to feel the crunch. Getting a quote from Leslie saying what she did is misleading the uneducated public.
Also when Leslie Williams speaks and is quoted as president of Williams Marketing I believe she is representing all of William's projects and not just the ones that she is personally acting as a listing agent on.
If bored at lunch I will bribe an agent and I'm sure I can have them find a listing that has dropped below original listing. If I can't I'll buy you a drink next meetup.
The building is looking spectacular inside and out.
Neither had 2200Westlake, or Cosmopolitan...
until they did.
Looks more like she's throwing darts and missing the bullseye.
Ziprealty has a complete history of sales price changes shown in some markets, but not in Seattle. By comparison, the Seattle listings are lacking about 70%of the MLS info available in other cities. Odd.
b
IMHO, Mosler Lofts is by far the best looking NC condo in Seattle - hat tip to Mithun on the design. Hope more developers take note, because its a nice compromise between the absurdly over-the-top grandeur of , say Escala/1/FourSeasons and the sawdust piles with small windows, no decks and terrible skins (not naming names - you know who you are). Hopefully the slowdown will beat down land prices a bit and allow a Mosler-type project to be built again