Bank Owned Loft, Once Listed At $2.45 Million, Now Selling At $1,549,000

Banner Building #403:#404_web

Do you remember this unit?  We wrote about it back in October of 2011 just before it went to the public foreclosure auction. It is a 3,798 square foot loft in the Banner Building in Belltown.  It was once listed as high as $2,450,000 and now is selling it for $1,549,000. This unit is insane. Although the pictures don't reveal much, I can promise you that the unit itself … [Read more...]

Luxury 3 Bedroom Condo Rental – $9,500 Per Month

Escala - 2803

  It is not often that you'll see a condo rent for $9,500 in Seattle. This 3 bedroom, 2.5 bath unit just hit the market over the weekend. It happens to be in one of Seattle's newest condo buildings - Escala. It offers 2,442 sf with a private elevator and a 541sf covered outdoor terrace. The unit has phenomenal views of the Puget Sound, the Olympic Mountains and some … [Read more...]

Olive 8 Nearly 75% Sold

Olive8 1800 Views

For those you that didn't catch the press release, Olive 8 is taking part in the spring flurry of Seattle condo sales. They are nearly 75% sold, with 12 homes going under contract thus far in April. Are you an Olive 8 owner? We would love to hear about your experience. … [Read more...]

PB Elemental Designs Another Gem (Pictures)

Exterior

My love affair with Pb Elemental continues. Check out this incredible design that was recently completed in the Leschi neighborhood of Seattle. According to design-milk.com, it was the makings of a Seattle couple that just couldn't find what they were looking for. Instead of continuing their search, they bought a tear-down, contracted PB and Modern Shelter and ended up with a … [Read more...]

Top Floor, 2 Story Unit at Veer Lofts

Veer Lofts Seattle_UCS

For those of you loft lovers, check out this new listing at Veer. It just hit the market today.  It is a top floor, 2 story floor plan with pretty incredible views of the Space Needle. Unit #615 was sold in the spring of 2010.  The only other unit on the market at Veer Lofts is a short sale currently listed at $269,000.  For those of you looking to rent, you can lease a 4th … [Read more...]

2 Bedroom Condos Priced Below $500,000

Cosmo-View

  I'm still hearing complaints from buyers looking for 2 bedroom condos in downtown Seattle. There are only 15 two bedroom units priced below $500,000. Sales have been steady and I believe inventory will be limited for the months to come. If you are a 2 bedroom owner and you are thinking about selling, feel free to contact us or click the image below to join our … [Read more...]

Just 6 High-Rise Condos For Rent In Downtown Bellevue

Bellevue Towers Re-size

If your looking to rent a condo in a Downtown Bellevue high-rise, your search won't last long. There are only 6 units for rent. I was recently given the task of finding a nice quality 2 bedroom condo for a professional athlete who is going to temporarily call the Seattle area home. When they suggested a 2 bedroom unit in Bellevue our search came to screeching halt. Out of the 6 … [Read more...]

Multiple Offer Situation, 9 Buyers for a One Bedroom Condo at 2200 Westlake

2200 Westlake Exterior

I thought I would share a quick story. One of my clients has been looking for a 1 bedroom Seattle condo in a concrete and steel building for close to 4 months. Just a 12 days ago, unit #W704 hit the market at 2200 Westlake. It is a 1 bedroom, 1 bath, 741 sq ft condo with west facing views.  My client was immediately interested and decided to write an offer. When we learned that … [Read more...]

Investors Are Buying Seattle Condos, Trust Me

Cristalla_Views

We wrote a post a few months back about rising rents in Seattle and how the increase is attracting investors back to the market. We actually received some feedback from a few readers that didn't believe this was the case  - I thought I would share a few examples (see below). We hear from investors almost daily that are looking for condos to hold long term. I believe this … [Read more...]

Waiting 4 Years for An Alki Condo Delivers a $700,000 Discount

1226 Alki Ave, Seattle

Check out this Seattle condo on the Alki waterfront. Close to 4 years ago it was listed for sale at $1,450,000!  It just closed this week for $799,500. Talk about a major discount in price. This unit was likely built at $600-$650 per square foot . The new buyer only paid $437 psf.  It is just another example of the value out there in the market right now.  This is not your … [Read more...]

One Lincoln Tower Penthouse Sells For $2.3 Million, Last Purchased at $5.3 Million. Seriously.

One Lincoln Penthouse Sale _ #4102

The 2012 list of incredible condo sales just grew by one. When I say incredible, trust me. Penthouse #4102 at One Lincoln Tower was one of the best penthouse units in the Seattle/Bellevue market. What's remarkable, it that it was sold by a bank - not an owner. We posted about unit #4102 before. Once the bank took possession through foreclosure, they listed the property back in … [Read more...]

Bellevue Towers, 46 Sales Year to Date (Corrected)

Bellevue Towers Re-size

  Quick update on Bellevue Towers. They are at 46 sales year to date - totaling $20.2 million in sales for 2012. Last year they sold 144 units totaling $89 million. With over 260 units sold, watch the Towers continue to have success. Other Bellevue Projects  One Main Street Condos One Main Street is down to just 5 units for sale. They should be wrapped … [Read more...]

Waterfront Deal of the Year…..So Far

Fox Island 1

One of our favorite readers brought this home to our attention a few months ago. It is insanely cool. Check it out. This home is 4,949 sq feet located on Fox Island (50 mins from Seattle). It has 3 bedrooms and 3.75 baths. It has over 100 feet of waterfront, a shared deep-water dock and spectacular views from its perched location. The builder used re-claimed materials with … [Read more...]