Capitol Hill Needs More Condo Inventory

Capitol Hill Condos?_1

For those of you looking for an affordable condo on Capitol Hill, I'm going to bet that you are frustrated with your search. There are just 23 active condos on the market under $400,000. Take a look at the current absorption rate - here is how we calculate it: There are currently 23 active condos for sale. In the last 90 days there have been 54 sales in this category. That … [Read more...]

Just Sold UCS, Capitol Hill 2 Bedroom, Full Price Offers

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JUST SOLD    CAPITOL HILL CLASSIC  1305 E Republican St #5  | MLS #511294 Asking price $449,000 Selling price $449,000 2 bed | 1 bath Capitol Hill Sold in just 5 days. Multiple offers, full price offer accepted with a 2 week closing timeline. Our seller made a commitment to stage and price at market, leading to a quick and successful sale. An abundance of light … [Read more...]

Multiple Offers For Seattle Condos? Yes.

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I had someone reach out to me today to ask if I was seeing multiple offers in the condo market?  My quick response was, YES. I've had a few of my sellers experience this and I also dug up some other examples that may have seen multiple bids as well. Its pretty amazing to see how high they are selling over list price. DOWNTOWN SEATTLE The Parc | Unit #523 1 bedroom - … [Read more...]

Just Sold, One Bedroom At Brix (Capitol Hill)

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JUST SOLD THE BRIX | Capitol Hill 530 Broadway Ave E #510| MLS #480729 $285,000 1 bed | 1 bath Capitol Hill Sold in just 10 days on the market - building currently in an active lawsuit (no financing). Finding a buyer was both a challenge and a major reward for our seller. Live Urban at Brix. 5th floor 1 bed, 1 bath with views! Quality finishes including hardwood … [Read more...]

Just Listed – Top Floor At The Brix

Brix_Retail

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 … [Read more...]

Successful Sale at Trace North On Capitol Hill

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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 … [Read more...]

Capitol Hill Condo Review

Active Condo Inventory (Capitol Hill)_1

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: … [Read more...]

Capitol Hill Condo Sells For $40,000 Above Asking Price

Epic Condos

  While doing my review of sold condos this afternoon, I noticed an interesting sale. Unit #402 in the building referred to as "Epic" on Capitol Hill sold for $40,000 more than the asking price. It was listed at $170,000 and found a ready, willing and able buyer at $210,000. Not bad huh? I'm seeing this all over the city. Not always this extreme but multiple offers … [Read more...]

An Iconic Condo Project In Capitol Hill Is Sold Out

Sanctuary Interiors

The Sanctuary in Capitol Hill is sold out. If you recall, they re-launched in January and in 6 months sold 12 units. Congratulations to Resource Transition Consultants, Pathfinder Partners, Realogics-Sotheby's and most importantly the new owners of this phenomenal project. Sanctuary is a great addition to "The Hill". … [Read more...]

Sanctuary On Capitol Hill Is Off To A Fast Start, 3 Units Pending

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  Sanctuary is off to a fast start.  In just 10 days of market time, they have sold 25 percent of their inventory. See below. Sanctuary is a 12 unit residential conversion of the former 1906 First Church of Christ Scientist in Capitol Hill. The 12 units range from four to six levels (including roof top terraces). Sized from 1,600 to more than 3,000-square-feet. … [Read more...]

Sanctuary On Capitol Hill To Resume Sales January 28th (Pictures)

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  Its back again. Sanctuary - a 12 unit residential conversion of the former 1906 First Church of Christ, Scientist is scheduled to be re-introduced to the market next week (see below). It was originally built between 1906 and 1911 and was designated a historic landmark by the City of Seattle in 1977.  In 2007, an adaptive reuse and redevelopment of the church took … [Read more...]

Urban Studio Loft At Monique In Capitol Hill

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This unit at Monique in Capitol Hill is a unique opportunity to own a quintessential in-city "loft". It just hit the market today. The building which was retrofitted/refurbished in 1999 was previously a warehouse built back in 1913.  This particular 3rd floor unit is just 1 of 26 units in the building. Each loft has its own style and this one seems perfect for an in-city … [Read more...]

Greenlake On A Perfect Seattle Summer Day

Greenlake Seattle

I went for a run around Greenlake yesterday and for a moment I thought I was in Central Park in New York. The park was packed. Runners, bikers, roller blades, sun-bathers, swimmers, BBQ's, parties and more.  It was fun to see so many people taking advantage of a perfect Seattle summer day. As far as condos go, there are not a lot of great options near the lake. That doesn't … [Read more...]