Bellevue Towers Reduces Prices 5-20% For Buyers In Contract

It’s a little outside my turf but I hear that Bellevue Towers is reducing the prices 5-20% for the next 50 buyers who close (already in contract or not) (guess folks are having a hard time closing…)

Update: Nice, I beat the Seattle Times who wrote about this on the front page today, Bellevue Towers, other new condo projects cutting prices:

Only 43 of the 539 units at Bellevue Towers in downtown Bellevue have sold since closings began in January, according to county records. “We’re trying to respond to the marketplace and to what our buyers have been telling us for the last four to six months,” Mark Edlen, a principal with developer Gerding Edlen, said Monday.