Multiple Offers Driving Condo Prices Up In Downtown

The Cosmopolitan

Rising condo prices are a much bigger story that I will touch on after the first of the year. In the meantime, did you notice this sale at the Cosmopolitan? Unit #2803 was listed last month for $339,000, it sold in 2 days at a price of $361,500. I'm continuing to see this all over the city. This will continue until we see new inventory. Prices are going up. … [Read more...]

Just Sold, $1,675,000, West Facing View Unit

Madison Tower - #1901

JUST SOLD URBAN LUXURY Madison Tower View Unit 1000 1st Ave #1901, Seattle 98101 MLS # 416857 $1,750,000 SOLD - $1,675,000 2 bed | 2.5 bath + den SOLD in just 41 days - all cash offer Quick closing Westedge Neighborhood Beautiful 2 bed, 2.5 bath plus den. 19th floor west facing in the luxurious Madison Tower - Seattle's finest boutique condo/hotel. Breathtaking … [Read more...]

2 Monster Sales At Bellevue Towers, Totaling $4,125,000

Bellevue Towers Re-size

As a condo developer, you want to know the definition of a good day? How about selling $5,119,400 of inventory. Bellevue Towers just did it. Not bad huh? $4,125,000 of those sales were from 2 units -  on the 41st and 42nd floor. 4204 which is a split 2 bedroom penhouse sold for $1,850,000. It was previously listed as high as $2,999,000. 4102 which is a 3,561 sq ft unit … [Read more...]

Loft Listing At Mosler, Once Listed at $809,900, Now $422,000

Mosler_Lofts_Seattle

A cool new loft just hit the market at Mosler Lofts. In 2009 unit #TH-5 was listed as high as $809,900 - now just $422,000. It is a short sale which requires 3rd party approval (from the bank), but at $270 per foot, I could see how this unit might make some sense for end users or investors. It has 1,563 sq ft, 2 bedrooms and 1.5 baths. Want to see more?  Check out the … [Read more...]

Prospect Street Delivers Again

Prospect _ Sale

Check out this cool pad on Prospect that just went under contract ($2,450,000). It over 4,500 sq ft of updated space.  I love it. Homes like these make a great case for living on the south slope of Queen Anne. More listing details here     … [Read more...]

Foreclosure Auction Highlights – 12/14/12

Condo Foreclosures

There were a few highlights from yesterday's foreclosure auction. 2 condos that stood out to me the most were: 500 Elliott Ave W #308, Seattle Elliott Condominiums Did the bank really want to sell this at the auction yesterday? Unit #308 at the popular Elliott Condos in Queen Anne never sold yesterday. The 626 sq ft unit went back to the bank and I don't think it … [Read more...]

Thinking About Selling Your Downtown Seattle Condo? Read This

HEAT CHECK - SEATTLE CONDOS

Are you thinking about selling your Downtown Seattle condo?  Do it. Let me explain why. The market has been favorable to sellers. In the last 60 days there have been 72 sales. They range from a 1 bedroom unit in Belltown selling for $128,000 to a luxurious 2 bedroom in Madison Tower at $1,850,000. More important than the sales numbers or types of units sold is the list … [Read more...]

Capitol Hill Condo Sells For $40,000 Above Asking Price

Epic Condos

  While doing my review of sold condos this afternoon, I noticed an interesting sale. Unit #402 in the building referred to as "Epic" on Capitol Hill sold for $40,000 more than the asking price. It was listed at $170,000 and found a ready, willing and able buyer at $210,000. Not bad huh? I'm seeing this all over the city. Not always this extreme but multiple offers … [Read more...]

5th and Madison, Fully Furnished 1 Bedroom

5th and Madison

New rental alert at 5th and Madison I must admit that the furnishings in this 1,241 sq ft condo caught my eye. Fully furnished condos in Seattle are not all that common. If your in the market, you might want to take a look at this one. Cool contemporary interiors, a big view and a newer building full of amenities.  Asking $4,500 per month See more listing details … [Read more...]

West Facing Unit, $475,000 Price Drop, One Lincoln Tower

One Lincoln Tower

I noticed a big price drop tonight and thought I should bring it to your attention. Before you assume its just another unit, keep in mind that this condo is in the best stack in the entire building (One Lincoln Tower). West facing views are hands down the most coveted view in Downtown Bellevue. Unit #2604 has 2 bedrooms, 2 bathrooms and 2,629 sq ft. Is this the best view … [Read more...]

Price Adjustments Paying Off At Olive 8

Olive 8 - 3605 (example)

In the first 3 days of December, Olive 8 has 3 units under contract that total nearly 3 million dollars in sales. Think pricing makes a difference? As you'll see below, as asking price came down to "market" - buyers stepped up. Proving there is a price worth paying for any asset. These are special condos as well. The average sales price among them is - $971,666. Luxury condo … [Read more...]