Four Seasons Seattle To Drop Prices

by Deidre Woollard (RSS feed)
Jul 26th 2009 at 8:01AM

The building that houses some of Seattle's most expensive condo units is planning to give potential buyers a little relief. The Seattle Times says that The Four Seasons Private Residences is planning to cut prices in response to the lackluster real estate market. The article says that is has been nearly six months since a sale closed at the Four Seasons. There are 36 condos spread out over 11 stories above the 10-story Four Seasons Hotel downtown. So far 11 condos are still unsold including a two bedroom currently priced at $8.706 million. The amount of the price reductions or when they will take place hasn't been released yet. Bellevue Towers in downtown Bellevue, Washington also recently reduced prices an average of 20 percent because just 45 of the project's 539 condos have sold.

Tags: condominiums, condos, four seasons, FourSeasons, seattle