Seattle Million Dollar Condo Update

Seattle Million Dollar Condo Update

It was time for another luxury condo update for Seattle and Bellevue. Take a look at our report above and feel free to contact us with any questions. Seattle's cost per square foot rose 12.2% from 2013 to 2014 The average sales price in 2013 was $1,381.781. YTD in 2014 the average sales price is $1,714,391 (24% increase) The most expensive sale last year in Downtown … [Read more...]

Good Value, 2 Bedroom Cristalla

Cristalla_Bedroom C:O Lin Shih

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...]

LUMA Condos Coming To First Hill

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New project news - Lowe Enterprises Investors (LEI) Will Break Ground This Fall Previously know as 1321 Seneca, Luma Condos will be breaking ground this fall on Seattle's First Hill. According to a press release shared with us by our friends at UrbnLivn, the 24 story tower located at 1321 Seneca will offer 168 condominiums ranging in size from 600 to 1,700sf. When … [Read more...]

Two 43 Story Residential Towers Coming to Downtown Bellevue

Bohlin Cywinski Jackson_rendering

Could this be the new condo project that Bellevue residents have been waiting for? A number or sources have announced that Plus Investment USA is considering a project at the corner of NE 8th and 108th in Bellevue for a pair of 43 story towers. The current site is occupied by Bellevue First Congregational Church. According to The Collection, a magazine designed and promoted … [Read more...]

Gallery Lawsuit Settled For $7.3 Million

Gallery_Lawsuit

A source of ours has confirmed that the Gallery litigation has been settled and the HOA has been awarded $7.3 million. Unfortunately for the owners, the settlement won't be paid immediately. It sounds like it will occur over the next 6 months. There are essentially 3 parts to the lawsuit with outstanding suits between the builder and the window and plumbing vendors. It … [Read more...]

The Math Behind Seattle’s Next Condo Project

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Wondering when a developer will start considering a new condo project in Seattle? Just pay attention to 2 things. 1. The cost per square foot that apartment developers are getting when they sell their project 2. The cost per square foot that condos are fetching in todays market. These are two simple, yet major indicators when a developer is considering a new … [Read more...]

Just Sold By UCS, Trace Lofts

Trace_Exterior

1414 12th Ave #612 Trace Condos and Lofts - Capitol Hill Top Floor | 1 Bedroom Plus Den Sold Price - $366,000 We were fortunate to sell this property to one of our clients. Top floor loft in Trace North. 14 foot ceilings and vaulted storage space. Open living room, stainless appliances, breakfast bar, corked flooring and spacious outdoor deck. 100 percent Walkscore.See … [Read more...]

25 Story Tower Coming To South Lake Union

New Tower In SLU

Another day in Seattle and another proposed project announced. The new tower would replace City Hardware on the SE corner of 9th and Harrison. In the proposed design review, the building would feature 323 units and ground floor retail. MacFarlane Partners would be developing the site with Ankrom Moisan as the lead Architect. We like to look at the impact from a condo … [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...]

Fire House No. 25

Firehouse 25_Cap Hill

        FIREHOUSE 25 1406 Harvard Ave Capitol Hill Built - 1909 Original Architect - Somervell and Cote HISTORY According to Historic Seattle, Firehouse 25 was the first brick firehouse in Seattle. Firehouse 25 was decommissioned as a firehouse in 1970. In poor condition, the Firehouse wasn't adapted to modern living until 1980. That is when architect Stickney … [Read more...]

Cristalla Studio and Escala 1 Bedroom Continue To Push Market Higher

Cristalla-Escala

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...]

Just Listed By UCS, Enso Penthouse $1,495,000

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We are excited to announce the listing of Penthouse #1810 at Enso. It is a 2 bedroom plus den with 1,892 square feet. The unit has North and West views including Sound, City, Queen Anne Hill and Lake Union. The kitchen has a slab soapstone island, Eggersman cabinetry & high end appliances. The dramatic space has charcoal bamboo flooring, floor to ceiling windows and 2 … [Read more...]

2 Bedroom Stunner, Olive 8

Olive 8 Unit #3005 (1)

We kind of fell in love with this place today. It is unit #3005 at Olive 8. Great upgrades, killer views, love the flooring and the art wall is pretty incredible. Asking price is $1,850,000 - 2 bedroom, 2.75 bath - 2,158sf   [photos c/0 M. Holley) … [Read more...]