Matrix News

Our Latest Client Launch: Salt Ballard Condos

Matrix is pleased to announce the launch of our newest development, Salt Ballard Condos by InHaus Development of Vancouver, BC.

This boutique, contempory building will have just 38 residences. One, two and three bedroom condos and live/work townhomes will be available from the $300s. Construction is slated to start this spring, and sales will start this fall.

SOLD OUT: Galloway Condos & Townhomes in Renton, WA

Our involvement with Galloway started in 2010 when local builders Jonathan Bartels and Greg Heath purchased a partially built project in the Renton Highlands from the bank. Matrix was brought on board  to sell Galloway's 8 condos and 27 townhomes.

The plans already in place, we had to sell around challenges like a unique location for mixed-use multi-family product. Because there were no other condos or townhomes in the Renton Highlands area, potential buyers in the market for a new condo or townhome weren't necessarily searching for our homes. With a small number of homes to sell, our budget was tight. We used cost-efficient marketing methods to get the word out and find buyers via signage, open houses, database e-mails and broker marketing.

Market News

New-Home Sales Top 500,000 in August, Highest Level Since 2008

via NAHB: WASHINGTON, Sept. 24 - Sales of newly built, single-family homes increased 18 percent in August to a seasonally adjusted annual rate of 504,000 units in August, the highest level in six years, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

"This jump in sales activity is in line with our latest surveys, which indicate builders are seeing increased traffic and more serious buyers in the market for single-family homes," said Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del.

Builder Confidence Hits Highest Level Since November of 2005

WASHINGTON, Sept. 17 - Builder confidence in the market for newly built, single-family homes rose for a fourth consecutive month in September to a level of 59 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. This latest four-point gain brings the index to its highest reading since November of 2005.

"Since early summer, builders in many markets across the nation have been reporting that buyer interest and traffic have picked up, which is a positive sign that the housing market is moving in the right direction," said NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del.