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

High Rise vs. Mid Rise 11 High Rise vs. Low/Mid Rise   Downtown Seattle (Average Price Per Square Foot)

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

1716 RZ 1024x317 High Rise vs. Low/Mid Rise   Downtown Seattle (Average Price Per Square Foot)