Downtown Seattle Condos Selling Quickly, Over 100% Of Asking Price

Great Views

In the last 14 days, there were 26 sales in the downtown Seattle condo market. 16 of those 26 sales sold at or above the asking price. To be exact, sellers were receiving over 100% of their asking price on average (100.95%). 14 of the 26 sales sold in less than 10 days. To put that in perspective, in a normal market, inventory levels would reach about 2-3 months of supply. … [Read more...]

Luxury Seattle Condo Market, Supply Is Limited

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In a Seattle condo market limited by a tight supply, the luxury market is especially constrained. Here is a list of the active Seattle condos priced over $2,000,000. There are just 17 units available in a total of  7 buildings. The prices range from $2.3M to $11M (our listing put on last week). Is there a market for these kinds of properties? The short answer is yes - In … [Read more...]

Condos For Sale Down 25% On Capitol Hill

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We took at a look at the Belltown condo market last week and thought we would share some interesting notes on Capitol Hill now as well. The statistic that stood out to us the most - were the number of active listings. Year over year, the number of active condos for sale on Captiol Hill are down nearly 26%. The average list price per square foot is up 15.9% since last year. … [Read more...]

21 Condo Sales In Belltown Last 30 Days, Listings Down 56%

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Quick sales update for Belltown. In the last 30 days there have been 21 condos sales ranging from $208,000 to $1,033,000. Owners have been getting nearly 99% of their asking price and the average cost per square foot was $533. According to Zillow, they predict Belltown condo values will increase 7.5% by next year. That would add to the 12% increase in pricing over this past … [Read more...]

One Bedroom At Escala, $489,000 In 2012, Now $649,000

Escala_Blog

Interest for one bedroom condos at Escala is at an all time high. In the last 60 days there have been 3 units that come on the market and quickly found buyers. 1509 started this trend with just 5 days on the market. The asking price was $599,000 with a final sales price of $635,000! Following that sale, units #404 and #810 have also found buyers. Both units are under … [Read more...]

Bay Vista

Bay Vista _ Blog2

Project: Bay Vista Address: 2821 2nd Ave, Seattle 98121 Neighborhood: Belltown      BUILDING Bay Vista located at Broad and 2nd Avenue was built in 1982. The 24 story structure is located in the North end of Belltown. Bay Vista features 73 units that start on the 7th floor. Building features include a 24 hour concierge, swimming pool, fitness facility , sauna, … [Read more...]

A Flurry of Seattle Penthouse Condos Going Under Contract

Penthouse Sales

It has been a good couple of weeks if you own a Seattle penthouse condo. There were 5 units that went under contract, leaving just 8 penthouse units on the market in Downtown Seattle. Here are the 5 top floor units that found buyers: Watermark Penthouse - 1107 1st Ave #2001 2 bedrooms | 2.5 baths | 2,116 sq. ft. Huge west facing views. Modern kitchen, custom lighting, … [Read more...]

New Seattle Condo Projects Coming Soon

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Lets discuss when the next condo project is going to break ground. Our friends over at the PSBJ ran an article last week that caught our attention (This is why Seattle developers are building apartments, not condos). Tom Parsons of Holland Partner Group was quoted in the article saying: "This is a pretty savvy generation of buyers out there. I don't think they're going to … [Read more...]

Demand For Condos On Capitol Hill Driving Multiple Offers

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Check this out - There have been 26 one bedroom condo sales on Capitol Hill since the first of the year ($500,000 or less). Sellers have been getting 100.40% of what they are asking. Translation - multiple offers. Out of the 26 condo sales YTD, 18 sales received full price offers or better. That is an incredible stat. The average days on market was just 29 days. This … [Read more...]

This $8M Penthouse Condo Has Been On The Market For 7 Years

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You read this correctly. The top floor penthouse at Millennium Tower has been on the market for nearly 8 years. To be exact, as of today, it has been on the market for 2,826 days. No, seriously - it has. Listed in May of 2007, this 9,876sf space has been looking for an owner since President Bush was in office. It is still in shell condition ready to be designed. The … [Read more...]

93 Active Condos In Downtown Seattle, Neighborhood Chart

Downtown Seattle Skyline

Condo lovers, we have created a few charts for your review. There are 93 active condo listings in Downtown Seattle. Here are a few of the take-aways: Condos pricing is pretty evenly distributed across the board There are only 27 condos priced under $500K There are 5 active condos in South Lake Union Denny Triangle currently has the largest allocation of active units … [Read more...]

January Condo Sales and Sales Data Launch, Downtown Seattle

January Downtown Seattle Condo Sales

Ok peeps. We are launching a new monthly update for Downtown Seattle condo sales. We will be tracking each month the number of sales in area (701 - Downtown Seattle). We will eventually roll out data for Queen Anne and Capitol Hill as well. For now, feel free to frequent our 2015 sales page that can also be found on the home page of the blog. So, here you go. Click on the … [Read more...]

Comparing Rents, Seattle Condo or Seattle Apartment

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  Lets examine the difference in renting an apartment versus a condo in Seattle. We'll compare a 2 bedroom at Cristalla and a new construction unit at Premiere on Pine (8th and Pine) If you are in the market for a rental there are a number of different buildings, floor plans, amenity packages and locations. In comparing these two rentals, you'll see in our chart below, … [Read more...]

The Ellington Condos

Ellington Exterior

Project: The Ellington Address: 2801 1st Ave Neighborhood: Belltown SEARCH THE ELLINGTON      BUILDING Built in 2001, The Ellington is a true urban experience located in heart of Seattle’s Belltown neighborhood. The 12 story twin-tower condo project offers quintessential in-city living with an impressive list building amenities: 24 hour concierge, fitness center … [Read more...]