The Amazon Impact on Downtown Seattle

Amazon Effect

Thanks to a loyal reader of ours, we just read a recent article published on CoStar.com. Joseph Sollazzo a real estate economist examined The Amazon Effect on our local economy. We've added some key excerpts from the article below. Seattle is experiencing a historic run in multi-family, retail and office expansion - much of which is directly credited to … [Read more...]

Best Rooftop Deck On Queen Anne?

1228 2nd Ave_QA_roof

Looking for the best rooftop deck on Queen Anne?  This house on 2nd Ave may be a contender. It just hit the market at $5,450,000. It was purchased in 2011 for $4,488,000. 4 bedrooms, 5 bathrooms and 6,570sf - not a bad view huh? [photo c/o Re/Max Junction] … [Read more...]

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...]

Office Presentation, Seattle Condo Market Update

Condo Update - Presented by UCS

We had the opportunity to present to the Yarrow Bay Windermere office on Tuesday. It was a comprehensive update on the Seattle and Bellevue condo markets. We've built the slides over the last few weeks and have included a few for your reference. The topics featured  were: Inventory - Now and Projected What Is Driving The Next Construction Cycle South Lake Union The Amazon … [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...]