Fairview On Lake Union Breaks Ground

Fairview_Eastlake

Fairview on Lake Union just broke ground. The high end 21-unit project will feature units that range in size from 2,500 to 5,000sf. Pricing will start at 1.3 million. See here to review their press release.  Fairview has been in the works for over 3 years now (previously known as Enclave). The timing is opportunistic and much needed in a market with such little inventory. … [Read more...]

Listen Up Buyers, Finding Value In the Seattle Condo Market

Cosmo_#2710_buyers

Buyers, listen up. There are still ways to find value in the market. Let me use an example at the Cosmopolitan. In 2007, unit 2710 sold for $552,450. Back in late November of last year, this same unit came on the market at $325,000. If you went to the open house or toured during that first day on the market, you may have been disappointed. It was obvious at that time that … [Read more...]

Just Listed – Top Floor At The Brix

Brix_Retail

JUST LISTED TOP FLOOR AT THE BRIX 530 Broadway Ave E #611| MLS #474308 $295,000 1 bed | 1 bath Capitol Hill Urban Living at Brix. Top floor 1 bed, 1 bath w/big views! Quality finishes including hardwood floors, high-end appliances, full height-slab granite & luxury finishes throughout. Big windows allow tons of light. Quality building with secure parking, storage … [Read more...]

Successful Sale at Trace North On Capitol Hill

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Check out this sale at Trace North - located at 12th and Madison on Capitol Hill. It is another success story coming from a much improved Seattle condo market. Unit #207 went live on March 6th. In just 5 days it went pending (buyer waived financing) and on the Friday the sale posted at 373,000.  It was listed at $359,950. Just another example of how low inventory and improved … [Read more...]

Capitol Hill Condo Review

Active Condo Inventory (Capitol Hill)_1

Are condos selling on Capitol Hill?  YES. In the last 60 days, there have been 56 condo sales. Almost one sale per day. That is a pretty impressive number. So whats left in terms of active inventory? The number of active condo listings on the Hill is 37 units. They range in price from $115,000 to $1,749,000. I've built a graph to show the (Active) inventory: … [Read more...]

High Rise vs. Low/Mid Rise – Downtown Seattle (Average Price Per Square Foot)

High-Rise vs. Mid-Rise_1

Unit #1901 at the Cosmo just hit the market for first time since it sold back in 2007.  In March of 2007 it sold for $585,000. 6 years later, it's now listed at $575,000 -  $586.73  per square foot.  This had my wheels turning about the difference in price per foot when comparing high-rise to low/mid rise. I pulled a sample set of Seattle condo sales for 1 bedoom units in … [Read more...]

Queen Anne Condo Sold For $160,001, Last Sale $304,500 In 2007

Serana_Exterior

One of the sales today at the foreclosure auction was unit #407 at Serana in Queen Anne - 1 bed, 1 bath with 586 sq ft. Serana was a condo conversion (built in 1999) that went to market in 2007. It consists of 34 studios, one bed and 2 bedroom homes. This particular condo (unit 407) sold today for $160,001. The last sale price was $304,500 in January of 2007. … [Read more...]

Downtown Seattle Inventory, What’s Left?

Active Listings Downtown_Seattle_1

The number of active condo listings in Downtown Seattle is now down to 80 - that is 80 listings total. Prices of available inventory vary from $129,900 to $8,000,000. In the last 30 days, there were 45 sales in Downtown Seattle. That is a 50% increase from what sold between Feb 1st and March 1st.     Search the Downtown Condo Inventory … [Read more...]

Just Sold | Olive 8 | 2 Bedroom View Condo

#1802_Olive 8

JUST SOLD Olive 8 | Urban Living 737 Olive Wy #1802, Seattle Asking Price | $885,000 Sold Price | $841,000 2 bed | 2 bath Downtown Seattle Successfully negotiated a $44,000 reduction in price for our buyer during a sellers market Big views, great building. Popular 2 BR+den floor plan with nearly 1,600sf. Hardwoods, Pedini cabinets, island kitchen, granite countertops, … [Read more...]