2200 Westlake’s New Neighbor, 40 Story Apartment Tower With 457 Units

Screen Shot 2015-03-23 at 10.12.14 AM

Check out South Lake Union's newest tower in planning. In went in front of the Seattle Design Review Board in February and appears to be headed towards construction. The site is located directly behind Rollin Street Flats near Denny and Westlake. Here is a look at the site courtesy of Google: The 40 story project will offer 457 units, 341 parking spaces and 16,900sf of … [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

FIrst_Hill_Plaza_View

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

Trace-Lofts-Capitol-Hill

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

Millennium Tower_1

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

2033 3rd Ave #1600_Rent

  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...]

An Elementary School In Downtown Seattle Will Have To Wait

Federal Reserve Building_Seattle

For those of you that missed our post late last week, we highlighted a story involving an auction for the Federal Reserve Building at 2nd and Madison. All in all, there were 8 bidders, driving the price of up to a final number of $16M. Seattle Public Schools confirmed that they bid on the project but had budged just $6,000,000. The question is, who owns it and what is … [Read more...]

12th Man Edition, What $1.2M Buys You In Seattle Versus Boston

12th Man

Ok, 12'ves. Given the Superbowl matchup in the coming days, we are going to honor the Hawks and their fan base with a condo comparison featuring Seattle vs. Boston. We'll compare condos at or around $1.2M. Seattle Condos - $1,200,000 Budget Escala - 4th and Virginia Check out this 2 bedroom, 2 bath at Escala for $1,250,000. You get 2 bedrooms, 2 bathrooms, big city views … [Read more...]

Nord

Exterior  (2)

Nord – 312 1st Ave S Neighborhood - Pioneer Square SEARCH THE NORD BUILDING      BUILDING Nord is a quintessential boutique building located in the heart of vibrant Pioneer Square. The low-rise vintage brick building is comprised of only 7 renovated loft-style homes. The renovation and conversion was completed in 2007 by the local development company Pioneer … [Read more...]

Three New Towers Have Escala Surrounded

Escala_Aerial

If you currently live at Escala, don't panic, but we think you should pay special attention to this post. Here is the current landscape surrounding the 2009 built condo project. (Courtesy of Google Maps). Now lets examine 3 major projects that are projected to built and will surround the luxury condo tower. 1. Permits were originally approved for a 43 story … [Read more...]

6th & Wall, Is There Room For Another Luxury Seattle Apartment?

New Project _ 6th and Wall

We found something interesting while reviewing new project news this week. The developer of the new apartment building planned at 6th and Wall, had something very fascinating to say in a recent interview. When commenting on the decision to build apartments vs. condos, Paul Menzies the CEO of Laconia Development was quoted in the PSBJ as saying: "The market hasn't risen back … [Read more...]