The Seattle Condo Market Is Hot, When….

Escala_#310

The Seattle Condo market is hot when.......units like #310 at Escala sell for $495,000 in 13 days. That is $111,000 more than its last sales price of $384,000 in 2010. Here are 3 more Seattle Condo sales that are worth some attention.  Each of them sold for full asking price in less than 6 days: Mosler Lofts #509 Sold in 6 days Asking Price $465,000 Sales Price … [Read more...]

Looking For a 2 Bedroom Condo In Downtown Seattle? Good Luck.

2 Bedroom Seattle Condos

Looking for a 2 bedroom condo in Seattle? Good luck. We just pulled the stats. There are currently four (4), 2 bedroom condos in Seattle for less than $500,000. Of those 4, the age of the buildings range from 1973 to 1989. Imagine the Seattle buyers with a budget of up to $1,000,000.  There are only twenty-one (21), 2 bedrooms condos for sale in all of Downtown Seattle … [Read more...]

Lawsuit Settled – The Parc Condos In Belltown

The Parc Entrance

We can confirm through our own independent sources that a settlement has been reached at The Parc. We will provide more details as we learn more. The lawsuit should be officially removed within days of now. Until then, we won't speculate on the total amount of the settlement. This dates back to a January 4th 2013 filing where The Parc-Belltown Condominium Association filed a … [Read more...]

Mosler Lofts Penthouse #4, Just Listed At $1,690,000

Penthouse_4 Mosler Lofts

Penthouse #4 at Mosler Lofts was just listed for $1,690,000. It becomes the 4th penthouse in the building to be listed for sale in the last 6 months. Previously listed as high as $1,745,000(2007), PH#4 offers 1,927 square feet with 2 bedrooms and 2 baths. Penthouse #1  - Currently for sale Asking Price - $2,200,000 Penthouse #2 - Just Sold Selling Price - … [Read more...]

Luxury Seattle Condo Sales To Outpace 2012 and 2013

Seattle _ Views

Luxury condos in Downtown Seattle are flying off the shelf. We'll define luxury as anything over $1,000,000. There have been 17 sales in this million dollar plus category year to date - with 13 sales pending. Assuming those pending sales close by the end of April, that adds up to 30 sales in the first quarter of 2014. Just for a point of reference, we had 53 sales in 2013 … [Read more...]

3 Seattle Condos Under Contract In 48 Hours

We are just 14 days into March and there have been 6 Seattle condos that went under contract in less than 48 hours. Just 2 days on the market. We've included three of them below. As an owner, if you were put in a situation to accept an offer the first day on market, or multiple offers after a week on the market - what would you do? 1) Escala  Unit #707  – Downtown Seattle … [Read more...]

Just Listed By UCS, 1 Bedroom In South Lake Union

22282-E1_1

JUST LISTED    ENSO | SOUTH LAKE UNION 820 Blanchard  St #810| MLS #601282 $490,000 1 bed | .75 bath Enso Condos - South Lake Union Your opportunity to live in the hottest neighborhood in Seattle - South Lake Union. 1 bedroom, .75 bath in exceptional condition featuring hardwood floors, island kitchen, stainless appliances, & private deck. Spacious bedroom … [Read more...]

2200 Westlake, Investment Potential Wrapped Up In Scaffolding

IMG_5197

The facelift at 2200 Westlake is well underway. As we reported back in October, this is part of a 3 year project resulting from a construction defect settlement. We see this as a buying opportunity for those of you in the market. Short term there is an obvious impact from the construction and siding wrap, but having the asset when the work is complete far outweighs the few … [Read more...]

Why All The Sales Activity At Mosler Lofts?

Mosler_Lofts_Seattle

Why all the activity at Mosler Lofts?  Simple answer - A dismissed lawsuit and perfect market conditions for a seller. YTD there are already 8 sales pending and 2 posted sales at the 2007 built Mosler - including penthouse #2 shown above ($1,825,000) This have everything to do with their construction defect lawsuit being dismissed. In the 24 months leading up to the … [Read more...]

Rare Opportunity To Rent At Millennium Tower, Downtown Seattle

1902 - Millennium Tower

There is a new rental in Downtown Seattle that is catching everyone's attention. Previously listed for $2,300,000, this 19th floor, 2,730sf unit at Millennium Tower is now available at a price of $9,500 per month. There are just 19 units in the building and each of them have a unique interior. Millennium Tower was also home to convicted swindler Frederick Darren … [Read more...]

6th Floor At Escala, $444,000 In 2010, Just Listed For $580,000

1920 4th Ave #601

Yes, you read that correctly. Unit #601 at Escala sold for $444,000 in November of 2010. It was just re-listed today for $580,000. That is a 31% increase in a little over 3 years. So it begs the question - will it sell? Here is a link (MLS #591759) so you can keep an eye on it. We think it will go under contract in less than 10 days. Search Escala's Active, Sold and … [Read more...]