Posts tagged KODA
KODA Condominiums Sales Gallery Opening for Tours and Presales by Winter 2018-19

Da-Li Development, the developer for KODA is expected to open their Sales Gallery by early November 2018 for previews, giving an official first look at the highly-anticipated 18-story urban luxury residential tower coming soon to Japantown-International District.

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Downtown Seattle condominium resales swell to a median price of $700,000 during the first half of 2018 despite inventory spikes – why?

The first half of 2018 was met with expected increases in resale condominium listings, and this year the choices were far greater than in the previous two years.

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KODA UPDATE: Sales Center, Presale and Ground Breaking Schedule Announced; New Renderings and Future Cityscape Tours Released

Representatives of DA LI Development USA recently released a collection of new renderings following the design confirmation of the interior specifications and common areas while the construction entitlements continue to process with the City of Seattle. Meanwhile, the KODA Discovery Center has been secured and is under development at 510 Occidental Avenue South in Pioneer Square, just north of Century Link Field. 

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As home-buying trends shift nationwide, Seattle forges ahead

For May 2018, the S&P CoreLogic Case Shiller Index registered a 21st month with Seattle leading nationwide home prices. While competing Pacific Coast gateway cities Los Angeles and San Francisco saw year-over-year home price increases of 7.64 percent and 10.87 percent, respectively, Seattle’s 12-month advance widened to 13.59 percent. The monthly increases on the Index were 2.23 percent for Seattle, 1.08 percent for San Francisco, and 0.48 percent for Los Angeles.

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Koda Featured in Downtown Seattle Association's 2018 Condominium Showcase

On June 21st, 2018 more than 900 stakeholders, influencers and city shapers attended the 2018 Downtown Seattle Association’s Annual Meeting, which was held in the Doppler Conference Center at Amazon.

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The Seattle Pivot

The second half of 2017 evidences what may be a paradigm shift in consumer trending from rent to buy. According to research by O’Connor Consulting Group, annual apartment demand in 2017 fell by 4,500 units (unexpectedly) throughout King and Snohomish counties and this decrease was concentrated into the second half of the year.

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KODA Prominently Featured During Asian Real Estate Association of America Global + Luxury Conference in Seattle April 6-9

Drawing upon more than 17,000 members across North America, the Asian Real Estate Association (AREAA) hosted its annual Global + Luxury Summit (GLS) in Seattle for the first time with events around the city from April 6-9. The GLS has traditionally been held in global gateway markets like New York City, Miami and Honolulu, but Seattle’s rise as an international hotspot secured its position as a host city.

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Home Prices Locally & Nationwide Rise While Inventory Falls; Seattle Leads for 17 Months

As of January 2018, single-family home prices in the Puget Sound region were 12.86 percent higher than 12 months before, and prices were 0.73 percent ahead of those in December. On a monthly basis, home prices in San Diego grew slightly faster, at 0.76 percent. Yet year over year, Seattle’s nearest West Coast competitor was San Francisco, where home prices are up by 10.2 percent since January 2017. Further inland, Las Vegas home sellers saw prices 11.1 percent higher than this time last year.

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Mayor Jenny Durkan Requests Independent Review of Seattle’s Streetcar Expenses

Seattle is currently in the midst of a massive update to the streetcar system, which will link the city’s two existing lines at South Lake Union and First Hill, moving past Pike Place Market and some of the most congested areas within the Emerald City. Most recently, SDOT has come under fire regarding the project’s expenses, as a report indicates that city officials may have underestimated the costs to run the system upon its completion in 2020. Seattle Times reports that in response to concern, Mayor Jenny Durkan has requested an independent review of the budget to be completed within the next 90 days.

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Asia Services Group Attends Lunar New Year Celebration at Zadart Exotic Car Club in Bellevue

On Sunday, February 18th, members of Realogics Sotheby’s International Realty’s (RSIR) Asia Services Group and their guests attended a Lunar New Year Celebration at Zadart Exotic Car Club in Bellevue. The 8,000 square foot showroom played host to over 150 affluent Chinese-American guests and clients, including a number of event sponsors alongside RSIR – the region’s global leader in local real estate.

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Hong Kong Business Association of Washington Celebrates Lunar New Year with Annual Gala

On February 24th a collective of Realogics Sotheby’s International Realty executives and Asia Services Group members attended the 11th annual Lunar New Year Gala & Auction, hosted by the Hong Kong Business Association of Washington (HKBAW). The event supports a different local non-profit organization each year, and the 2018 selection was ArtsFund, an organization dedicated to supporting art sectors throughout King and Pierce Counties with a strong background of advocacy on local and national levels.

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Just 7% of Homes in Seattle’s Multi-Family Pipeline Will Be Offered for Sale

As a recent Curbed Seattle article outlines, the abundance of luxury construction projects cropping up around downtown Seattle make it “easy to look around and think, condos. But the majority of new residential projects going up in the city – and downtown specifically – are destined to be rentals.” Of all the new homes under construction, there will be 6,324 units available for rent, and just 489 (7.1%) offered for sale.

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Curbed Seattle on the 'Rush of Demand' at KODA Condominiums

In a recent feature on Curbed Seattle, Sarah Anne Lloyd writes that KODA Condominiums "experienced a rush of demand" during the launch of unit reservations over the last weekend in February, and that the project is now already 95% reserved. The article describes that "condo-seekers put down a refundable $5,000 deposit for the first right of opportunity," which is held until Da Li Development USA finalizes the product offering. 

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KODA Reservation Event Draws Media Attention

Following the announcement that 95-percent of the 203-units at KODA Condominiums had been reserved during the project’s debut February 24th and 25th, local media reported on current market conditions and the frenzy that new projects are drawing in an inventory-strained market.

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Da Li Development USA & Realogics Sotheby's International Realty Report KODA Condominium Reservation Event Drew Deposits on 95-Percent of 203 Units

Da Li Development USA, a Taiwan–based real estate development company and Realogics Sotheby’s International Realty (RSIR) report first position unit reservations and deposits were received on 95-percent of the 203 homes at KODA Condominiums – a new 17-story condominium that will be built at 450 South Main Street. The project debuted on Saturday, February 24th at 11am at RSIR’s New Developments Preview Center located at 2715 1st Avenue in downtown Seattle.

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Da Li International & Realogics Sotheby's International Realty to Release KODA Condominiums for Unit Reservations on Saturday, February 24th at 11am

Da-Li International, LLC, a Taiwan–based real estate development company and Realogics Sotheby’s International Realty (RSIR) will host a reservation event for the much-anticipated KODA Condominiums at the New Developments Preview Center at 2715 1st Avenue in downtown Seattle on February 24th beginning at 11am. The 203-unit, 17-story condominium project will be built at 450 South Main Street at the gateway to Seattle’s historic International District offering efficiently-scaled homes ranging in size from below 400-sq. ft. to more than 1,100-sq. ft. with introductory pricing from below $400,000 to more than $1.3 million. The homes are being offered for individual unit reservations, which identifies a specific condominium referencing its preliminary floor plan, design specifications and price range in advance of official presales, which are anticipated to commence in the summer 2018 commensurate with the opening of the KODA Sales Center and the groundbreaking of the development.

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As Featured in GeekWire: KODA Condominiums beacons an urban renaissance in Seattle's historic International District

At 11am on Saturday, February 24, the doors will open at the New Developments Preview Center at 2715 1st Avenue for the release of 200+ new homes at KODA – an inspired, high-rise condominium set to break ground at 5th Avenue and South Main Street this summer with occupancy by mid-2020. It’s not only the first new construction, for-sale opportunity in the International District in recent memory – it’s among the only new condominiums available anywhere at a time of meteoric demand but anemic supply.

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Puget Sound Business Journal Talks KODA Condominium & Unit Reservation Opportunities

The Puget Sound Business Journal highlighted KODA Condominiums in their latest "condo watch" feature. As the general public awaits unit reservations, which are expected in the coming weeks, Marc Stiles writes that "if recent history [of new development projects in Seattle] holds, people will be lined up around the block." 

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