Just 19 Condos For Sale Under $300,000 In Downtown Seattle

Concord_condos

There are just 19 condos for sale under $300,000 in downtown Seattle. As new inventory hits the market in this price point, we will continue to see increased activity and multiple offers. The Seattle condo market as a whole tells a pretty interesting story when you look at the February numbers year over year.  As you'll see below, the months supply of inventory is down (60%) … [Read more...]

Are Million Dollar Condos Selling In Seattle?

1521.Condos

  YES. Over the last 120 days, million dollar condos in Seattle are selling at a record pace. Nearly 4 units per month. In addition to the 14 sales,  6 other units are pending (under contract) as we speak. We'll focus on sold data.  Out of the 14 sales, the average square footage was 2,064. The lowest priced unit sold for $1,062,500 and the most expensive … [Read more...]

Breaking News – Insignia Towers Rumored To Start Construction This Year

Insignia Towers

photo c/o insignia.com JUST IN- We are hearing from one of our sources that Insignia Towers will be breaking ground with their condo project as early as this spring. If so, the development of the first condo tower since Escala and Olive 8 would be exciting news for the Seattle condo scene. Details are limited, but we were told that Embassy Development plans to start … [Read more...]

Buying A Seattle Penthouse Back En Vouge

Olive_8_Penthouse

So apparently buying a Seattle penthouse is back en vouge.  Check out these 2 condos that closed this week. Penthouse 1 | 1521 Second Ave You remember this unit from a few days ago?  We posted about the significance of this particular sale and how there have only been 3 other units above $4,500,000 to sell since 2010.  Penthouse 1 at 1521 is one of the most luxurious … [Read more...]

South Lake Union and Amazon’s Urban Campus

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In my daily reading today, I came across a post from the folks at South Lake Union on Facebook.  I was thrilled to have taken the time to read it. Kaid Benfield of The Atlantic wrote an incredible piece on Amazon's Urban Campus located in the South Lake Union neighborhood of Seattle. It talks about how Amazon, Vulcan and South Lake Union designed a thoughtful, walkable and … [Read more...]

Olive 8 Adds New Listings, How Do The Asking Prices Compare To Downtown Seattle Inventory?

Downtown Condo Comparison_final

Did any of you notice the increase in "listed" inventory at Olive 8?  I was going through the last couple days of newly listed condominiums in downtown and found that Olive 8 just added 12 new listings to the market. They range in size from 808 to 1,586 sq ft. The lowest priced unit is $490,000 and the highest is $895,000 at an average cost per square foot of $626. That made me … [Read more...]

Bellora Penthouse Condo Headed To Foreclosure Auction, In 2005 $1.5 Million, Now $800,000

Bellora Sun Terrace

Wow. You don't see this very often. If I were only in the market for a penthouse right now! One of the Bellora Penthouse units is headed to foreclosure today (public auction).  This Seattle condo located in Belltown was last purchased for $1,495,000 in 2005. As of 9am this morning it has has a minimum bid of $800,000. It is a 2 bedroom, 3 bath unit plus den. It has floor to … [Read more...]

A New Construction Townhome Project, Lake Boren, Celebrates Grand Opening On March 10th

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    I attended an exclusive preview event on Tuesday for the newest townhome project on the eastside - Lake Boren townhomes in Newcastle. It is a really cool concept and it comes at time when buyers are getting frustrated with the lack of quality inventory on the market. Lake Boren, which is 5 minutes from I-405 is now home to 14 newly completed townhomes … [Read more...]

Foreclosure Auction Update, 2 Seattle Condos Sold

Condo Foreclosures

  I thought I would post a quick update from Friday's foreclosure auction.  There were 2 Seattle condos that I was watching in particular. Avenue One Condos (2721 1st Ave #601, Seattle)  Minium bid was $133,350.  It sold for $1 dollar over minimum bid $133,351. (We wrote about this unit yesterday) IV West Condos (530 4th Ave West #503). Minimum bid was … [Read more...]

Condo At Avenue One In Belltown, Last Sold at $287,000, Auction Price of $133,550

Two blocks to Seattle's flourishing waterfront, Avenue One is on

  Foreclosures have been a little quiet lately (holidays, foreclosure settlement etc...). With that said, I always try to keep an eye on the market in case something pops up. Unit #601 at Avenue One is schedule to be auctioned off tomorrow morning. It originally sold for $287,0oo in 2005. The minimum bid is set for $133,550 (Bank of America). We'll have to wait and … [Read more...]

How Amazon’s New Development Could Impact Seattle Condo Views

How Amazon's New Development Could Impact Condo Views

I heard from a client of ours last week who was inquiring about how the new Amazon development could change the views at 2200 Westlake. I decided to do some research and as you can see, I was able to diagram some of the potential changes below. In my opinion, the biggest impact would be on the Southwest side of 2200 Westlake (photo 1), The South side of Enso (photo 2) and … [Read more...]