Olive 8 Penthouse Once Listed at $6,900,000, Sells for $4,150,000

Olive 8 | Penthouse 1 - 1

Luxury penthouse condos in Downtown Seattle continue to sell.  Just this last week, Penthouse One at Olive 8 sold for $4,150,000. This unit was priced as high as $6,900,000. It has 2 bedrooms, 3.5 bathrooms and 4,315sf (5,240sf - including 925 exterior)  See more photos here - Olive 8 Photos FUN FACTS If you were to finance this purchase with a $830,000 down payment. … [Read more...]

New Listing At Cristalla, Priced at $225,000

Cristalla_Views

Attention Cristalla Lovers! A new studio just hit the market this morning. Its on the 8th floor and looks to be in great condition. With the limited inventory in Downtown Seattle at the moment, it would not surprise me to see this condo sell before the end of the weekend.  Today would be the perfect day to check it out - I think Cristalla has one of the best roof-top decks … [Read more...]

2 Tower Apartment Project To Break Ground In Downtown Bellevue

Su Development _ New Apartment Towers_1

Eric Pryne of the Seattle Times is reporting that Bellevue based Su Development is breaking ground on a 2 story apartment project in the heart of Downtown Bellevue. For all of you condo owners in town wondering about views - it will impact at least 2 of Bellevue's condominium towers (Bellevue Pacific Tower and Bellevue Towers) The greater impact however will be a positive … [Read more...]

Queen Anne Colonial Goes For $102,500 Over Asking Price

Queen Anne Colonial

Bidding wars?  Try this Queen Anne Colonial that started at $1,000,000 and ended at $1,102,500 - now that is a buyer that really wanted this house. The market is clearly picking up steam and if you ask anyone in the business, they will tell you the same thing. Most brokers representing buyers are getting exhausted of pre-inspections, multiple party offers and disappointment … [Read more...]

Free Market Reports From UrbanCondoSpaces.com

Market_Summary

It has been awhile since I reminded you guys about our free market reports for Seattle and Bellevue condos. Trust me - these are absolutely free, no gimmicks or spam.  I subscribe (pay) to the system to keep my knowledge of the market sharp and in line with the daily changes. You can sign-up by zip-code or a general area. As you can see above, the reports cover a wide range of … [Read more...]

First Home Designed and Developed by PB Elemental Is Now On the Market

Calvo Residence

  Our friends over at Pb Elemental just listed the first single family home that they designed and developed as a company back in 2006. Although their design style has changed a bit over the last 5 years, it seems pretty obvious that this home at 2204 S Norman St is pretty special. If you want to read about the story behind both the home and its owners, it was featured … [Read more...]

Just Listed | 12 floor view unit | South Lake Union

View deck

I just returned from a weekend away and need to get back to the blog. Until, I get caught up on some of the recent developments, I thought I would share with you guys a listing that we just put on the market. Given that inventory is low and South Lake Union is an interest to many of you, I thought you might want to take a look. I'll be back on this afternoon. Hope everyone had … [Read more...]

The Amazon “Effect”, Seattle Growth

2410_South_Lake_Union

I came across an article this morning that sums up the Seattle growth story and the impact that companies like Amazon are having on our local economy. It is a lengthy piece, but well worth the read. We often talk about the Amazon impact on South Lake Union and Seattle as a whole. This particular piece really delves into the growth story and shares the intimate details. I've … [Read more...]

Top Floor Waterfront Condo, Previous Sale Price of $330,000. Now $103,064

Kirkland_Condo_Forclosure_web

If you follow foreclosures, you may have noticed that there were a very limited number of condos in the last 6 months. That was due in part to the major settlement with the Big "6" banks. During that time, those major banks were not filing notices of trustee. Since the settlement, its clear to me that more and more condos are headed back to foreclosure again - as this activity … [Read more...]

24 Sales In April for Bellevue Towers, Now 59% Sold

Bellevue Towers Penthouse 2

  Bellevue Towers just set a monthly sales record of 24 units in April. The building is now 59% sold. If you haven't had the chance to see the project yet, you should.  It is concrete and steel structure that offers amenities that rival any of Seattle's condo projects. In addition to that, they are selling their units well below the cost to build. Check out these … [Read more...]

The Matae Condos

Matae_Condos

  THE MATAE Developer: Ovation Partners, LLC Architects: PB Architects OVERVIEW  The Matae is an 81 unit structure located on the north edge of Belltown. Completed in 2006, the Matae's construction is a concrete base, wood framed structure with an exterior comprised of corrugated metal siding, exposed concrete, and fiberglass windows. It was built in accordance … [Read more...]