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How Many New Apartments Can Seattle Handle?

Alright. Can we talk about the apartment scene for a moment? Is there a chance we are delivering too many units? Over-building apartments in Seattle? The DJC reported this morning that H5 Capitol, a Beverly Hills firm is proposing a (2) two 42 story apartment project located at 121 Boren St (see above). This new […]

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Insignia_Towers

Investors Cashing In On New Units At Insignia Towers, 13 Units For Rent

If you read our post last week regarding July condo sales, you would have noticed that 104 units at Insignia Towers just recorded as closed sales. As the new owners take possession, we are seeing some of those units hit the market for the first time. In fact, there are 13 units listed as rentals and […]

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Trio

Project: Trio Address: 3104 Western Ave, Seattle 98121 Neighborhood: Belltown      BUILDING Trio is located at Western and Denny in the North End of Belltown. The 6 story structure features 161 units and boasts great amenities including rooftop deck, homeowners lounge, theatre room and a doorman. The building offers studios, one-bedrooms, two-bedrooms, and lofts. The […]

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What A $500,000 Condo Looks Like In Seattle

If you have $500,000 dollars and you want to pick out a Seattle condo, we’d like to show you a few options. There are just 17 units priced between $400,000-$600,000 in Downtown Seattle to choose from. Here are a few ideas! SOUTH LAKE UNION Want to be in the one of the hottest neighborhoods in […]

Market News & Trends

Screen Shot 2015-08-27 at 10.38.40 AM

How Many New Apartments Can Seattle Handle?

Alright. Can we talk about the apartment scene for a moment? Is there a chance we are delivering too many units? Over-building apartments in Seattle? The DJC reported this morning that H5 Capitol, a Beverly Hills firm is proposing a (2) two 42 story apartment project located at 121 Boren St (see above). This new […]

Downtown Condo Sales 7/15

July Condo Sales, Downtown Seattle

We just completed our July condo slides for Downtown Seattle – they are always free to view and print at our (Condo Sales) tab on the home page. There were a total of 149 sales in the month of July. 104 of them were from Insignia Towers – leaving 45 condo sales that re-traded during the 31 […]

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Luxury Condo Update, Downtown Seattle

PENDING SALES (under contract) In the last 6 months there have been 8 Seattle condos priced over $2M that have gone under contract. 7 of those sales are at Insignia Towers (Downtown’s single new construction project delivering as condos). SOLD CONDOS There were 7 sales during the last 6 months in the city. 5 of […]

Previous Posts

Screen Shot 2015-08-27 at 10.38.40 AM

How Many New Apartments Can Seattle Handle?

Alright. Can we talk about the apartment scene for a moment? Is there a chance we are delivering too many units? Over-building apartments in Seattle? The DJC reported this morning that H5 Capitol, a Beverly Hills firm is proposing a (2) two 42 story apartment project located at 121 Boren St (see above). This new […]

Insignia_Towers

Investors Cashing In On New Units At Insignia Towers, 13 Units For Rent

If you read our post last week regarding July condo sales, you would have noticed that 104 units at Insignia Towers just recorded as closed sales. As the new owners take possession, we are seeing some of those units hit the market for the first time. In fact, there are 13 units listed as rentals and […]

25045_15_Sky

Trio

Project: Trio Address: 3104 Western Ave, Seattle 98121 Neighborhood: Belltown      BUILDING Trio is located at Western and Denny in the North End of Belltown. The 6 story structure features 161 units and boasts great amenities including rooftop deck, homeowners lounge, theatre room and a doorman. The building offers studios, one-bedrooms, two-bedrooms, and lofts. The […]

Downtown Condo Sales 7/15

July Condo Sales, Downtown Seattle

We just completed our July condo slides for Downtown Seattle – they are always free to view and print at our (Condo Sales) tab on the home page. There were a total of 149 sales in the month of July. 104 of them were from Insignia Towers – leaving 45 condo sales that re-traded during the 31 […]

Bedroom04

What A $500,000 Condo Looks Like In Seattle

If you have $500,000 dollars and you want to pick out a Seattle condo, we’d like to show you a few options. There are just 17 units priced between $400,000-$600,000 in Downtown Seattle to choose from. Here are a few ideas! SOUTH LAKE UNION Want to be in the one of the hottest neighborhoods in […]

32415_4_1

Luxury Condo Update, Downtown Seattle

PENDING SALES (under contract) In the last 6 months there have been 8 Seattle condos priced over $2M that have gone under contract. 7 of those sales are at Insignia Towers (Downtown’s single new construction project delivering as condos). SOLD CONDOS There were 7 sales during the last 6 months in the city. 5 of […]

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3 Most Expensive Highrise Rentals In Seattle

Looking for a luxury Seattle condo rental?  We’ve put together a list of the 3 most expensive condo/apartment rentals in the city. 1) Four Seasons Private Residences  Unit #1201  – Downtown Seattle Asking Price – $9,500 per month Size: 4,131 | Per square foot: $4.56 Bedroom: 2 | Bathroom: 2.5 This 12th floor condo at […]

GridironFull_C:O Hewitt

Downtown Seattle’s Next Condo Project Could Be Coming to Pioneer Square

A few months back, our team was interviewed to handle the marketing and sales of Pioneer Square’s next condo project – Gridiron Condos. For those of you that have been around awhile, the project has a storied past. It was once referred to as Stadium Lofts. Located on 1st Ave in the Stadium District, Gridiron […]

Condo Inventory and Pricing

Seattle Condo Inventory Levels, 42% Priced Over $1M

We took a quick look at the Downtown Seattle condo inventory this morning and put together a pie chart to show you guys the percentage of inventory in each price range. It was interesting to see that the 42% of our inventory in Downtown Seattle is priced over a $1,000,000. Looking for a bargain priced […]

Seattle Condo Budget

Seattle Condos Priced Around $500,000

Have a $500,000 budget for a Seattle condo?  We dug up three examples of what you could purchase in the Emerald City for half a million bucks. Enjoy, and happy condo hunting! 2200 Westlake – South Lake Union 910 Lenora St #305 – $495,000 By now you have probably heard of South Lake Union. It is […]

Downtown Seattle Condo Sales_ June

Seattle Condo Sales Update, June 2015

There were 59 Seattle condo sales last month in June. Total number of sales increased 5.3% when compared to May. The average price per unit also increased jumping nearly 13% – bringing the average cost per square foot to $588 (vs $566 in May).  The most fascinating element of all of this is that we […]

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34 Condos Priced Over $1M In Downtown Bellevue

There are currently 34 condos priced over a $1,000,000 in Downtown Bellevue – compared to just 28 $1M condos in Seattle. These luxury Bellevue condos range in price from $1,000,000 to $3,195,000. From our perspective, it appears that there is some buying opportunity in the $1M-$1.5M range as there are 18 units priced within that […]

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Seattle Penthouse Sells In Less Than 48 Hours, South Lake Union

Check out this South Lake Union penthouse that just sold in less than 48 hours (our team sold it!). It had 2 offers and went to an all cash buyer for $1,400,000 just 36 hours after hitting the market. It has 2 bedrooms, 2 bathrooms and a large den. Featuring $100,000 in upgrades including Lutron […]

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New Project Watch, 40 Story Towers Planned In Denny Triangle

Here is a project to keep an eye on. The design review proposal is scheduled for June 23 at 7pm*.  The proposal includes 2, 40 story towers and an 11-story podium building. It would total 812 apartments, 170 hotel units and 7,100sf of retail space. There would be 600 parking spaces as well. The location […]

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Downtown Seattle, 52 Condos Sold In 30 Days, 1.5 Months of Supply

Here are a few numbers to process this week. In the last 30 days there were 52 condos sold in Downtown Seattle. There are only 81 units on the market right now in Downtown. 60 of those units are re-sale, leaving 21 new construction units currently on the MLS. That is 1.5 months of inventory. […]

Luma Condos

Luma Condo Sales Off To A Quick Start

Luma, the new construction condo project located on First Hill is off a quick start. Per a press release last Friday, they have sold $12,000,000 in homes thus far. The first purchase and sale contracts were accepted on June 1st. Out of 169 units, 16 units or more have sold – including 2 penthouse units. […]

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2200 Westlake’s New Neighbor, 2101 9th Breaks Ground

We had a client meeting today at Insignia and while walking through South Lake Union/Denny Triangle, we noticed how quickly the developer is moving on 2200 Westlake’s new neighbor – 2101 9th Ave. The 41 story apartment tower is going to add 430 units to the Denny/Westlake corridor. The new tower located at 9th and […]

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Last 14 Days, 27 Condo Sales In Downtown Seattle

In the last 14 days, there have been 27 condo sales in Downtown Seattle. Approximately half of those have gone for full price or more. Here a few examples of units going for more than their asking price: The Parc – Unit #709 1 bed, 1 bath | 512sf | $644psf Asking price – $325,000 […]

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A Quick Breakdown, Seattle’s Economic Growth

We find ourselves in Downtown Seattle daily. Meeting with condo owners, showing available inventory or just enjoying the city like everyone else. What is fascinating is how quickly our city is growing. We have all heard the headlines about the Expedia move, the potential US headquarters for Alibaba, Facebook expansion and the rapid Amazon growth. […]

Luma Condos

Luma Pricing Released, New Seattle Condo Project

For those of you considering Luma on First Hill, they just released their pricing yesterday. The building is offering a 168 units and they officially go on the market June 1st. The Public offering statement that provides detailed information about the project will be available for review on May 18th. [photos c/o Luma and Weber]