Apartment Developers Are Betting Big On Belltown

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Have you been to Belltown lately? Does it look different to you? It should. There are new apartment projects being built all over the city but take a look at whats happening in Belltown. 5 projects newly built, 2 under construction and new projects being announced daily. Including a 20 million dollar purchase for a 22 story highrise at 4th and Bell.  These projects add close … [Read more...]

Trio Construction Defect Settlement Leading To Strong Sales

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You may have noticed the increase in sales at Trio. This due to a mediated settlement between the home owners association and developer/subs affiliated with the project's construction. The construction warranty claimed was settled this summer and the terms of the settlement are confidential. Bottom line, this is great for the owners in the building as the can now get their … [Read more...]

Belltown Penthouse Offers A Choice, $3,000,000 or $9,800 Per Month

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A 3 bedroom, 3,081sf penthouse at Seattle Heights just hit the market offering a choice - you can buy it for $3,000,000 or you can rent the space for $9,800 per month. Seattle Heights is located on 2nd between Clay and Vine in Belltown. The 26th floor unit has 290 degree views, 3 parking spaces and 2 storage spaces. See more details here: For Sale - $3,000,000 For … [Read more...]

Post Settlement, The Parc Condos Experiencing Massive Gains

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Back in March, we reported on the settlement of a construction defect suit at the Parc condos in Belltown. At that time, the previous 12 sales averaged a cost per square foot of $376.62 with an average sale price of $317,867. Listings sold on average in 60 days after going on the market. In just 4 short months, everything has changed. Since March there have been 6 sales in … [Read more...]

81 Vine

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Project: 81 VINE Neighborhood: Belltown  BUILDING 81 Vine, located in Belltown, could be the neighborhood's most historic architectural show-piece. Originally a printing factory, the building was carefully renovated and restored by award-wining Geise Architects in 1999 and converted into 24 mixed use residents and lofts. Units feature high ceilings, open floor plans, … [Read more...]

One Year, Same Floor Plan, Condo Sells For $151,300 More

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We were doing some market research this morning when we ran across an interesting storyline in Belltown involving Cristalla. In one calendar year (2013-2014), two identical floor plans just two floors apart from each-other sold at $400,000 and $551,300. Yep, a $151,300 difference within one year. Our team negotiated the sale of #710 in June of 2013 (Buyer). Then just 13 … [Read more...]

Good Value, 2 Bedroom Cristalla

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Check out this 2 bedroom at Cristalla. It is a corner unit on the 15th floor. 2 bedrooms, 1.75 bath and 1,132sf. That comes in at $529psf. When using the cost per square metric, this looks to be a REALLY good buy. There have been 7 sales in the building this year - averaging $633 per square foot. With two, 2 bedroom units on the 16th floor and the 18th floor selling for $639 … [Read more...]

Just Listed By UCS, 1 Bedroom At The Parc

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Just Listed | 1 Bedroom, 1.5 Bath Priced $60,000 Below Zillow Zestimate 76 Cedar St #505 The Parc - Belltown 5th Floor, 1 Bedroom, 1 Bath Asking Price -$415,000 We just listed another unit at The Parc (Western and Cedar in Belltown). Its priced $60,000 below its Zillow Zestimate. Great value play or rent potential. 1 bedroom, 1.5 bath. No Rental Cap Interested in … [Read more...]

Cristalla Studio and Escala 1 Bedroom Continue To Push Market Higher

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Check out these 2 sales - a studio at Cristalla &  a 1 bedroom at Escala. The Cristalla studio went under contract in less than 5 days. If it posts at its asking price it would be the 4th highest sale on a cost per square foot basis this year (1 bedroom, area 701). The Escala 1 bedroom condo (shown below) sold for $419,000 in 2011. It just re-sold at $592,700. The asking … [Read more...]

The Seattle Condo Market Is Hot, When….

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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...]

Lawsuit Settled – The Parc Condos In Belltown

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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

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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

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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...]