Just Another Uber Cool Foreclosure, Unit #2101 Newmark Tower, (Pictures)

Newmark Tower Deck

It is Monday and yet again I have a great example of a foreclosure from last Fridays auction. Unit #2101 at Newmark Tower sold for $297,000.  The minimum bid was $263,500. In January of 2010 it was listed as high as $450,000. So when I saw that it was headed to auction, I had a gut feeling that it would appeal to the masses. Although small at 610 sq ft, it had gone through a … [Read more...]

Bellevue Rental, 40th Floor, $12,500 Per Month

One Lincoln Tower Exterior

I have to be honest.  I was a bit surprised, when I saw this.  There is a rental at One Lincoln Tower in Bellevue that just hit the market for $12,500 per month! Apparently, it is not available until February of 2012. It has 3,000 sq ft, with 3 bedrooms and 4 total baths. Features include, granite counters, high-end appliances, built-in espresso, updated baths with heated … [Read more...]

Are Million Dollar Condos Selling In Downtown Bellevue?

Bellevue Towers Through Bellevue Park

  Out of my own curiosity, I wondered this morning how many million dollar condos are selling in Downtown Bellevue.  I pulled a six month range of units sold and found 11 condos with sale prices of $860,000 on the low end up to $1,375,000.  The average price per square foot was $522.28, with an average sale price of $1,036,945.  These 11 condos sold at 97% of the … [Read more...]

3000 Square Foot Loft, Downtown Seattle

Pioneer Square Penthouse - Spacious Bathroom

Want a penthouse loft? Our friend Ashely just put this unit on the market today. I realize that a rental rate of $3,695 doesn't fit everyone's budget, but once you see it   you'll realize that it just may be worth it.  It is located in Pioneer Square, between Main street and Washington. It has 2 bedrooms, 3 baths and 3,000 sq ft of living space. It has an Island kitchen with … [Read more...]

I’m Back. A Personal Trip To New York City (Pictures)

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I just returned late last night from 10 days in NY.  The last time I spent more then 8 days away from home was in 2003 (when I lived in Spain for 6 months).  New York City is a special place for my wife and I.  She lived there for close to 5 years, we have friends there and every time I go I dream of living there. In the event of few of you may be interested, I took a picture … [Read more...]

Prices Down, Inventory Down, Sales Up For Condos

Seattle Heights Views

I'm currently in NYC. Yep. I'm touching base from my hotel room. Not playing at the moment, just working - go figure!  I had some important news to share with you guys. I caught word yesterday that November condo sales were up BIG.  As I was investigating this morning I ran across an article citing the listing service statistics published yesterday and titled "Home sales … [Read more...]

Concord Penthouse, Last Sold In 2003

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We all love the idea of living in a penthouse right? This penthouse at the Concord has not been on the market since 2003 .  Listed at $1,795,000 it sits atop of one of the best buildings in Belltown.  The unit has 9 foot ceilings, walls of windows and over 700 sq ft of outdoor space. I personally dig the dark floors, bright colors and modern baths. With that said, I won't be … [Read more...]

Lumen Condo Once $449,900, Priced At $188,987

Lumen Lobby With Needle

The distressed category of the Seattle Condo market continues to expand. I know I risk boring you guys with so many examples of distressed units, but I feel that it is important for you to see. The "market value" for condos downtown is constantly facing pressure from the short sales and foreclosures that make up a large portion of our inventory. This condo that you see above is … [Read more...]