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

High-Rise vs. Mid-Rise_1

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:

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