Bellevue Towers Update, 45% Of Buyers Are All Cash

Bellevue Towers

We have new numbers coming in from Bellevue Towers 41 CLOSED 27 PENDING Total of 68 SOLD in 2011 11 offers currently in negotiation It appears that the recent price reductions are still meeting market demand. At this pace Bellevue Towers is selling 13 condos per month.  When I spoke to one of their representatives yesterday I learned that the 1 million dollar plus … [Read more...]

Thank You For Your Support

Mercer Island 2748 Exterior

Just a quick note to all our faithful UCS readers.  I want to thank all of you for your tremendous support of the blog and my real estate business.  I've been very fortunate this year.  The blog has seen a 300% increase in traffic since this time last year and my personal real estate business is at a career high in just 5 months. It couldn't happen without the loyal and … [Read more...]

Luxurious Seattle Super-Pad Is Back On The Market


Project: Millennium Tower Neighborhood: Downtown Seattle Check out this urban luxury super-pad at the Millennium Tower. It is a 4,600sf, 2-story condominium completed in 2006.  It features 3 bedrooms, 2+ baths, master suite, wine cellar, view balcony, storage and underground parking with 3 spaces. Floor-to-ceiling windows with panoramic views of the sound, the city and … [Read more...]

Downtown Seattle Rental Analysis


Are any of you as surprised as I am about the lack of condo rental inventory in Seattle?  I typically check the availability once a day.  Good units that are priced well rent very quickly. Just out of curiosity, I thought I would look into what the Downtown Seattle inventory looks like as of today. Before I get started, remember that rentals are not all listed in one place. … [Read more...]

Losing a Home to Another Buyer; The Story of a Seattle Real Estate Recovery


When a buyer loses "their" home to another buyer, the impact psychologically is significant.  I want to share a quick story on this exact topic. A great friend of mine from college reached out to me this morning in regards to his home search.  He is in his late 20's, a commercial real estate broker and was just recently married. For the last 2 years he and his wife have been … [Read more...]

Only 4 Homes Left At Trace on Capitol Hill, 2 More Sales


Trace and Matrix Real Estate are reporting 2 more sales.  That leaves just 4 homes until they reach their sellout. Trace North Inventory: Home 502 - Open One-Bedroom - 610 sq ft - $264,950 Home 519 - Open One-Bedroom - 614 sq ft - $274,950 Home 418 - One Bedroom - 804 sq ft - $352,950 Trace Lofts: 1 BR - 703 sq. ft. - $324,950   … [Read more...]

Foreclosure Watch: Washington Square, Lumen and Market Place North


There are three active foreclosures that I'm watching this week heading into Fridays auction.  For the 3rd weekend in a row, there is a Washington Square unit. A condo at Lumen on the 3rd floor and an incredible unit at Market Place North in the Pike Place district in Downtown Seattle. 1. Washington Square (1 bed, 1 bath 967sf) 2. Lumen (1 bed, 1 bath, 775sf) 3. Market … [Read more...]

The Klee Condos and Lofts

The Klee Belltown

Project: Klee Condos and Lofts Neighborhood: Belltown DESCRIPTION Klee condos & lofts is located at Western and Cedar in the Belltown neighborhood of  Seattle. Klee is a mixed use development consisting of commercial space and 152 residential lofts. Klee designed by Hewitt Architects was built in 2001 and was constructed into two separate towers connected by a glass … [Read more...]

Enso Resale On The 16th Floor, Fully Furnished


Project: Enso Neighborhood:  South Lake Union If you were wondering where I was the last few days, I spent a few days away from the office.  I'm actually writing this post on my flight back to Seattle.  I noticed this unit at Enso that is selling for the first time since it was originally purchased from the developer (Vulcan).  It is on the 16th floor which is just 3 floors … [Read more...]

Washington Park Tower

Washington Park Tower Exterior Vertical

Project: Washington Park Tower Neighborhood: Madison Park DESCRIPTION: Washington Park Tower, built in 1969 is the tallest building on the shores of Lake Washington.  You can find the high-rise condo tower on the coveted 43rd Ave in the forever popular Madison Park neighborhood of Seattle. It stands 23 floors high with 57 units. Washington Park Tower has incredible views … [Read more...]

Mosler Lofts 2 Bedroom, 1 Floor Below Penthouse

Floor to ceiling windows

Project: Mosler Lofts Neighborhood: Belltown I thought this unit was pretty cool. Mosler Lofts unit 1103 is just one floor below the penthouse.  What stands out the most is clearly the view.  Other things I like about Mosler: Exposed HVAC Concrete ceilings Floor to ceiling windows Great lobby Rooftop deck Great looking building envelope (Award Winning) … [Read more...]

Bagley Lofts Unit #303 Is Back; With A New Price

Bagley_Lofts Living Kitchen

Project: Bagley Lofts Neighborhood: Wallingford Do you remember seeing this unit before? Unit #303 is back and priced under $300,000. It is not on the market yet, but should be live tomorrow for anyone that wants a few more details. You can always come back here as well. I'll add a link to the listing. UNIT DETAILS Polished concrete floors Big light filled … [Read more...]

Cristalla 2 Bedroom Condo Going to Auction, $100,000 Minimum Bid


Project: Cristalla Neighborhood: Downtown Did anyone else catch this ad in the Seattle Times yesterday?  I was looking through the real estate section while at the gym and I found it on page 3.  It advertises that unit #1807 at Cristalla is going to be auctioned off at 3:15pm on Tuesday April 19th. It is a 2 bed, 2 bath with 1,174sf.  We have posted about this unit before … [Read more...]

Luxury Condo Rental At Olive 8

Olive8 1800 Views

Project:  Olive 8 Neighborhood:  Downtown Check out this new rental listing on the 18th floor at Olive 8. It is on the NW corner of the building with pretty incredible views.  The asking is $4,295 per month. Unit features include: 2 bed, 2 bath with gas fireplace 1,600sf Floor to ceiling glass Stainless steel gas range and appliances Slab granite … [Read more...]

Washington Square Condo, Once $1,037,000, Purchased Today At Auction For $563,100


For those of you that read the foreclosure post yesterday and remain interested in how much unit #1507 sold for, the final numbers are in. There were roughly 8 bidders and the price quickly jumped from $172,000 to $300K, $400K and then incrementally increased, until it reached the final bidding amount. The winning bidder purchased the unit for $563,100! The numbers look … [Read more...]