Seattle Condo Blog | Urban Living
Check this out - There have been 26 one bedroom condo sales on Capitol Hill since the first of the year ($500,000 or less). Sellers have been getting 100.40% of what they are asking. Translation - multiple offers. Out of the 26 condo sales YTD, 18 sales received full price offers or better. That is an incredible stat. The average days on market was just 29 days. This … [Read more...]
In the last development cycle, 2005-2009, there were a number or projects built in Downtown Seattle. Lets look at 3 major high-rise towers completed around the same time and take a look at their sales, average price points and the cost per square foot. The 3 towers include 1521, Escala and Olive 8. As a reminder, here are some quick facts on the buildings: … [Read more...]
You read this correctly. The top floor penthouse at Millennium Tower has been on the market for nearly 8 years. To be exact, as of today, it has been on the market for 2,826 days. No, seriously - it has. Listed in May of 2007, this 9,876sf space has been looking for an owner since President Bush was in office. It is still in shell condition ready to be designed. The … [Read more...]
Condo lovers, we have created a few charts for your review. There are 93 active condo listings in Downtown Seattle. Here are a few of the take-aways: Condos pricing is pretty evenly distributed across the board There are only 27 condos priced under $500K There are 5 active condos in South Lake Union Denny Triangle currently has the largest allocation of active units … [Read more...]
Project: The Olympic Block Address: 100 1st Ave S Neighborhood: Pioneer Square Olympic Block in Pioneer Square’s stands taller than most of its neighboring condo projects. Prominently located in the heart of Seattle’s original district, the steel and concrete structure has the iconic Pioneer Square Pergola and Totem Pole right outside of the front entrance. In 1985 the … [Read more...]
Ok peeps. We are launching a new monthly update for Downtown Seattle condo sales. We will be tracking each month the number of sales in area (701 - Downtown Seattle). We will eventually roll out data for Queen Anne and Capitol Hill as well. For now, feel free to frequent our 2015 sales page that can also be found on the home page of the blog. So, here you go. Click on the … [Read more...]
Lets examine the difference in renting an apartment versus a condo in Seattle. We'll compare a 2 bedroom at Cristalla and a new construction unit at Premiere on Pine (8th and Pine) If you are in the market for a rental there are a number of different buildings, floor plans, amenity packages and locations. In comparing these two rentals, you'll see in our chart below, … [Read more...]
Project: The Ellington Address: 2801 1st Ave Neighborhood: Belltown SEARCH THE ELLINGTON BUILDING Built in 2001, The Ellington is a true urban experience located in heart of Seattle’s Belltown neighborhood. The 12 story twin-tower condo project offers quintessential in-city living with an impressive list building amenities: 24 hour concierge, fitness center … [Read more...]
For those of you that missed our post late last week, we highlighted a story involving an auction for the Federal Reserve Building at 2nd and Madison. All in all, there were 8 bidders, driving the price of up to a final number of $16M. Seattle Public Schools confirmed that they bid on the project but had budged just $6,000,000. The question is, who owns it and what is … [Read more...]
You may recall that just 2 weeks ago we wrote about 3 new towers that have Escala surrounded. Well, just days after our post, we learned that a 4th tower may be constructed that will have a huge impact on 40% or more of the 31 story 2009 built Escala condominiums. The new site is where the Icon Grill currently sits at 5th and Virginia (see below). The proposal calls for a 50 … [Read more...]
**UPDATE - Bidding is now up to $16,000,000 and the bidding date has been extended to tomorrow. ** Take a look at this site. It is the Federal Reserve located at 2nd and Madison and has been vacant since 2008. It is a 65 year old that is being auctioned off as we speak. The current bid is $14,100,000. It could be Downtown Seattle's first public school - if not, we could … [Read more...]
Ok, 12'ves. Given the Superbowl matchup in the coming days, we are going to honor the Hawks and their fan base with a condo comparison featuring Seattle vs. Boston. We'll compare condos at or around $1.2M. Seattle Condos - $1,200,000 Budget Escala - 4th and Virginia Check out this 2 bedroom, 2 bath at Escala for $1,250,000. You get 2 bedrooms, 2 bathrooms, big city views … [Read more...]
Nord – 312 1st Ave S Neighborhood - Pioneer Square SEARCH THE NORD BUILDING BUILDING Nord is a quintessential boutique building located in the heart of vibrant Pioneer Square. The low-rise vintage brick building is comprised of only 7 renovated loft-style homes. The renovation and conversion was completed in 2007 by the local development company Pioneer … [Read more...]
If you currently live at Escala, don't panic, but we think you should pay special attention to this post. Here is the current landscape surrounding the 2009 built condo project. (Courtesy of Google Maps). Now lets examine 3 major projects that are projected to built and will surround the luxury condo tower. 1. Permits were originally approved for a 43 story … [Read more...]
Austin A. Bell - 2324 1st Ave, Seattle 98121 Neighborhood - Belltown SEARCH AUSTIN BELL BUILDING Austin A. Bell is a historic Seattle landmark building located on 1st Avenue in the heart of Seattle's Belltown neighborhood. The original 1889 hotel was almost destroyed by a fire and only the strong brick and Terra cotta facade managed to survive. It was carefully … [Read more...]
