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Just Sold, 1 Bedroom Corner Unit At Ruby

May 24, 2013 By admin Leave a Comment

JUST SOLD

Eastlake Living At Ruby Condos
2960 Eastlake Ave #302, Seattle

Asking Price | $324,999
Sold Price | $325,000
1 bed | 1 bath

Successfully negotiated a full price offer for my seller in less than 30 days

Incredible top-floor, NW facing corner unit w/wrap-around views of Lake Union, the Olympic Mountains, Ship Canal Bridge & Queen Anne Hill. Built in 2008, this 934sf unit offers a gourmet island kitchen w/gas cooktop, slab granite counters, walnut hardwoods, stylish lighting & oversized windows to capture all the views. Enjoy the owners courtyard featuring BBQ’s, professional landscaping & big views of the Space Needle, Lake Union & Gasworks Park. 1 parking space & storage included. Live Urban

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Jeff J Reynolds
206.794.1118
jreynolds@urbanimg.com

Do you know of anyone looking to Buy or Sell real estate?

Windermere Real Estate/East, Inc.
3933 Lake Washington Blvd NE #100
Kirkland Wa 98033
www.UrbanCondoSpaces.com
Seek. Live. Urban.

Filed Under: All Condos, Eastlake, Home, Ruby Tagged With: 1 bedroom, Condo, Condos, Eastlake, Just Sold, Ruby, sale, Sold

Full Price or Above Asking For Seattle 1 Bedrooms?

May 22, 2013 By admin Leave a Comment

Had a question from a reader this week about how often condos are selling for full price or above the asking price. I pulled the last 30 days of sales in the downtown Seattle market and this is what I came up with.

In the $500,000 price point ($500,000 or less):

There were 23 sales of 1 bedroom units – of those 23 recorded sales 13 or %50 of them were sold at full price or above asking price.

Filed Under: City of Seattle, Home, In the news, Market News/Trends Tagged With: Bellevue, Bellevue Condos, Condo, Condos, Sales, Seattle condos, Sold

Just Listed, Updated 1 Bedroom In Belltown

May 15, 2013 By admin Leave a Comment

JUST LISTED

Harbor Heights | 1 Bedroom
2621 2nd Ave #405 | MLS #488113
$369,500

1 bed | 1 bath

Belltown

Live Urban. Updated & spacious end unit with great city views & in the center of it all. Newer Brazilian cherry hardwoods, slab granite tops, custom alder cabinets, baseboard & trim. Bathroom features granite tops with tiled shower & heated floors. 24×24 slate exterior decking, newer paint and Hunter-Douglas window coverings. W/D in unit with storage, assigned parking & phenomenal rooftop deck. Enjoy the fitness center, pool, hot tub and home owners lounge. Just blocks from SLU & Downtown

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Jeff J Reynolds
206.794.1118
jreynolds@urbanimg.com

Do you know of anyone looking to Buy or Sell real estate?

Windermere Real Estate/East, Inc.
3933 Lake Washington Blvd NE #100
Kirkland Wa 98033
www.UrbanCondoSpaces.com

Filed Under: All Condos, Belltown, Harbor Heights, Home Tagged With: Belltown, Condo, Harbor Heights, Just Listed, Seattle

3 Most Expensive Seattle Condo Sales In 2013

May 13, 2013 By admin Leave a Comment

I thought it was time to check back in on the luxury condo market in Seattle. Thus far, in 2013, there have been nineteen (19) million dollar condo sales in Downtown Seattle. I’ve featured the 3 most expensive sales this year. See below and feel free to ask questions.

1) Escala Unit #PH201 – Downtown Seattle - Asking Price $6,999,000
Sold Price – $6,200,000
Size: 5,170 | Price per square foot: $1,199.23
Bedroom: unlisted | unlisted
See more photos
Number 1 on our list is the penthouse at the uber popular Escala. Built in 2009, Escala is home to professional athletes, real estate moguls and other Seattle elite. The building offers 269 units on 31 floors. Unit #PH201 features 5,170sf with 270 degree panoramic views of everything that Seattle has to offer. The unit comes with storage, 3 parking stalls and state of the art interiors. The building also offers amenities that include 24 hour concierge, fitness, lap pools, spa, wine storage, full commercial restaurant space, outdoor patio with fireplace, pet relief, business and movie theatre. Pretty impressive list right?

2) Four Seasons Private Residences Unit #1702– Downtown Seattle – Asking Price $2,750,000
Sold Price – $2,700,000
Size: 1,850 | Price per square foot: $1,459.46
Bedroom: 2 | Bathroom: 2
See more photos
Number 2 on our list is unit 1702. It boasts incredible westerly views of the Ferris Wheel, Puget Sound, Elliot Bay, the mountains and the Stadiums in SODO. From the 17 floor in one of the best locations in the city, one can understand why it fetched a price just $50,000 below its asking price. Built in 2008, Four Seasons offers all the modern amenities of a hotel with 24 hour staff, infinity pool, spa, outdoor fireplace and a fitness facility.

3) Four Seasons Private Residences Unit #1804 – Downtown Seattle – Asking Price $2,555,000
Sold Price – $2,500,000
Size: 2,073 | Price per square foot: $1,205.98
Bedroom: 1 + den | Bathroom: 1.5
See more photos
Rounding out our top 3, unit 1804 boasts more of a city view then west facing sound. Unit 1804 is a 1 bedroom plus den – it features a built in espresso machine, massive bedroom suite and a walk-in closet. A night picture would have been perfect for this unit. It’s a super cool view.

Filed Under: All Condos, Escala, Four Seasons, Home, Retail Core, West Edge Tagged With: 2013, 3 most expensive, Condo, Condos, Sales, Seattle

Just Listed | Loft Living In Belltown

May 6, 2013 By admin Leave a Comment

JUST LISTED

Mosler Lofts | 1 Bedroom
2720 3rd Ave #607| MLS #482808
$279,950

1 bed | 1 bath

Belltown

Enjoy urban living in this chic 1 bedroom loft. Wall of windows featuring city lights and great views of the Space Needle. The award winning Mosler Lofts is full of incredible amenities. Concierge services, grand lobby, lounge, library, fitness facility, secured garage, secured entry from all areas of a the building & an incredible rooftop deck. Just steps away from Myrtle Edwards park, the SAM sculpture park & all the restaurants & night life the city has to offer. Just 4 blocks west of SLU.

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Jeff J Reynolds
206.794.1118
jreynolds@urbanimg.com

Do you know of anyone looking to Buy or Sell real estate?

Windermere Real Estate/East, Inc.
3933 Lake Washington Blvd NE #100
Kirkland Wa 98033
www.UrbanCondoSpaces.com

Filed Under: All Condos, Belltown, Home, Mosler Lofts Tagged With: Belltown, Mosler, Mosler Lofts

Great Re-Sale At Bellevue Towers

May 6, 2013 By admin Leave a Comment

For those of your looking for a good deal in Bellevue, don’t give up. Check out this 1 bedroom condo sale at Bellevue Towers.

I might argue that its one of the best condo deals in Bellevue so far this year. It is a 1 bedroom, 1.5 bath with 1,348sf. It has both courtyard and city views. It features of $25,00o in upgrades including California Closets, motorized controlled blinds and custom surround sound. It was purchased in 2009 for $599,000 – it is now under contract and the last listing price was $479,950. That’s a pretty remarkable discount. Especially in this market. See details here

I don’t know who the buyer is, but I’m sure they are happy with their purchase – I know I would be.

Filed Under: Bellevue, Bellevue Towers, Home Tagged With: Bellevue Towers, Condo, Condos, Inventory, sale, Sold, under contract

Fairview On Lake Union Breaks Ground

April 30, 2013 By admin Leave a Comment

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. I’m thankful to see some new construction in our market. It’s been close to 4 years since we delivered a condo project and in my opinion, Eastlake is well deserving of an upscale waterfront community that will add value to a revived Lake Union.

See their website here: www.FairviewLakeUnion.com

Filed Under: All Condos, Eastlake, Fairview, Home, In the news, Market News/Trends Tagged With: Eastlake, Fairview, Lake Union, Seattle, South Lake Union

Listen Up Buyers, Finding Value In the Seattle Condo Market

April 21, 2013 By admin Leave a Comment

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 you would have to compete with multiple offers.

By the time the bidding stopped, the price for #2710 went up to $360,000. Now, it would be easy for your co-worker, neighbor, family or friend to tell you that “over-paying” for a unit is a HUGE mistake. What all the people in your life don’t know, is that paying $360,000 for this unit was paying just $372 per square foot. If you take the average cost per square foot for Downtown Seattle 1 bedrooms over the last 90 days, you get a number of $532 psf.

So, what is the takeaway? We have to do our homework. The value is often in the numbers. No one likes to compete in multiple offer situations. It makes us feel that we are overpaying. If we do our homework before, build a spreadsheet with specific objectives and stick to our plan, we can find GREAT value in the market and make sense of investing – even during this wild and crazy market.

Disclaimer – The views of this unit will be altered by a neighboring apartment project. I still feel this unit was a GREAT value and would consider it regardless.

Search Seattle Condos By Neighborhood

Filed Under: All Condos, Cosmopolitan, Denny Triangle, Home Tagged With: Downtown Seattle, sale, Seattle, Sold, The Cosmopolitan

Just Listed – Top Floor At The Brix

April 18, 2013 By admin Leave a Comment

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 & a massive roof-top deck. Walk out your door & having everything at your fingertips – great restaurants, coffee shops and access to all that Capitol Hill has to offer. Minutes from Downtown, South Lake Union & University of Washington

Learn More About This Property | View this property on Facebook | Follow us on Facebook!

Jeff J Reynolds
206.794.1118
jreynolds@urbanimg.com

Do you know of anyone looking to Buy or Sell real estate?

Windermere Real Estate/East, Inc.
3933 Lake Washington Blvd NE #100
Kirkland Wa 98033
www.UrbanCondoSpaces.com

Filed Under: All Condos, Brix, Capitol Hill, Home Tagged With: Brix, Capitol Hill, Condo, Condos, For Sale, Lawsuit, Seattle

Successful Sale at Trace North On Capitol Hill

April 14, 2013 By admin Leave a Comment

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 demand is driving up prices and frustrating buyers with multiple offer situations. It also doesn’t hurt that the unit was priced well, it’s located on 12th, has a nice size deck and the building is beloved my many. See more details - Click Here

Search Capitol Hill Condos

Filed Under: All Condos, Capitol Hill, Home, Trace Tagged With: Cap Hill, Capitol Hill, Condo, Condos, Trace, Trace Lofts, Trace North

Looking To Rent A Downtown Seattle Condo? Just 23 Options To Choose From

April 11, 2013 By admin Leave a Comment

For those of you looking to avoid apartments and would rather settle into a condo, there are 23 condo rentals listed in Downtown Seattle.

They range in price from $950 to $8,750 per month.

425 Vine St #606, Seattle 98121 – $950
2132 5th Ave #206, Seattle 98121 - $1,100
2801 1st Ave #1018, Seattle 98121 – $1,600
819 Virginia St #2005, Seattle 98101 – $1,995
2125 1st Ave #805, Seattle 98121 – $1,995
2414 1st Ave #505, Seattle 98121 – $2,200
819 Virginia St #1511, Seattle 98101 – $2,295
210 3rd Ave S #4D, Seattle 98104 – $2,450
820 Blanchard St #603, Seattle 98121 – $2,495
1000 1st Ave #2103, Seattle 98104 – $2,500
820 Blanchard St #1008, Seattle 98121 – $2,695
2720 3rd Ave #512, Seattle 98121 – $2,895
737 Olive Wy #3009, Seattle 98101 – $2,995
737 Olive Way #2308, Seattle 98101 – $3,100
2319 1st Ave #205, Seattle 98121 – $3,150
900 Lenora St #W104, Seattle 98121 – $3,500
2000 1st Ave #2104, Seattle 98121 – $4,250
2121 Terry Ave #1602, Seattle 98121 – $4,500
1920 4th Ave #1705, Seattle 98101 – $4,500
1521 2nd Ave #1004, Seattle 98101 – $5,500
1521 2nd Ave #2904, Seattle 98101 – $6,000
2033 2nd Ave #2111, Seattle 98121 – $8,750

More details on each unit – Click Here

Filed Under: Condos For Lease, Home, In the news, Market News/Trends Tagged With: Condo, Condos, Downtown Seattle, for lease, Rent, Seattle

Capitol Hill Condo Review

April 8, 2013 By admin Leave a Comment

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:

Filed Under: 1111 East Pike, 19th Ave Lofts, 714 Bellevue, All Condos, Brix, Capitol Hill, Condo Updates, Epic, Home, Lakeview Residences, Monique Lofts, Plaza Del Sol, Sanctuary, Trace Tagged With: Capitol Hill, Condo, Sales, Seattle condos

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

April 6, 2013 By admin Leave a Comment

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 the last 60 days. There have been 28 – 1 bedroom sales since February 5th. They range in price from $222,000 (Mosler Lofts) to $2,500,000 (Four Seasons). I pulled similar square footage and (like kind buildings) for each comparison and this is what we came up with:

High-Rise (24 floors or more)	Sale Price	Square Footage	Price Per Square Foot	Low/Mid-Rise (Up to 19 Floors)	Sale Price	Square Footage	Price Per Square Foot
737 Olive Wy #3604 (Olive 8)	$515,000	680	$757.35	820 Blanchard ST #1404 (Enso)	$403,950	683	$591.43
1920 4th Ave #901 (Escala)	$544,000	952	$571.43	2607 Western Ave #908 (Vine)	$340,100	809	$420.40
819 Virginia St #1403 (Cosmopolitan)	$370,000	820	$451.22	2801 1st Ave #417 (Ellington)	$330,000	719	$458.97
1000 1st Ave #1503 (Madison Tower)	$425,000	805	$527.95	2911 2nd Ave #913 (Gallery)	$262,500	603	$435.32

	AVERAGE PRICE	AVERAGE SQUARE FOOTAGE	AVG PRICE PER SQUARE		AVERAGE PRICE	AVERAGE SQUARE FOOTAGE	AVG PRICE PER SQUARE
TOTALS	$463,500	814 sq. ft.	$576		$334,138	704	$477

Filed Under: City of Seattle, Downtown Seattle (MLS Area 701), Home, Market News/Trends Tagged With: Enso, Escala, Madison Tower, Olive 8, Seattle, South Lake Union, Vine

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

April 5, 2013 By admin Leave a Comment

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.

Filed Under: 5th, All Condos, Home, Queen Anne, Serana Tagged With: auction sale, Condo, Condos, foreclosure sale, Queen Anne, sale, Seattle, Seattle Foreclosures

Downtown Seattle Inventory, What’s Left?

April 3, 2013 By admin Leave a Comment

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

Filed Under: City of Seattle, Downtown Seattle (MLS Area 701), Home, In the news, Market News/Trends Tagged With: Condo, Condos, Downtown, Sales, Seattle, South Lake Union, statistics

JUST SOLD

Eastlake Living At Ruby Condos 2960 Eastlake Ave #302, Seattle

JUST LISTED

Harbor Heights | 1 Bedroom 2621 2nd Ave #405 | MLS #488113 $369,500

1 bed | 1 bath

JUST LISTED

Mosler Lofts | 1 Bedroom 2720 3rd Ave #607| MLS #482808 $279,950

1 bed | 1 bath

JUST LISTED

TOP FLOOR AT THE BRIX 530 Broadway Ave E #611| MLS #474308 $295,000

1 bed | 1 bath

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Eastlake Living At Ruby Condos
2960 Eastlake Ave #302, Seattle

Harbor Heights | 1 Bedroom
2621 2nd Ave #405 | MLS #488113
$369,500

Mosler Lofts | 1 Bedroom
2720 3rd Ave #607| MLS #482808
$279,950

TOP FLOOR AT THE BRIX
530 Broadway Ave E #611| MLS #474308
$295,000