Today’s Market Update – Changes From 07/27/07

Today’s Market Update are additions and changes that have occurred with the Multiple Listing Service from the time last posted (maximum of 3 days).

NEW LISTINGS

1. Tobira – 0 Bed, 1 Bath, 437 Sq. Ft. offered at $184,950
2. Royal Crest – 1 Bed, 1 Bath, 783 Sq. Ft. offered at $295,000
3. Bellora – 2 Bed, 2 Bath, 1182 Sq. Ft. offered at $640,000
4. Concord Condominiums – 2 Bed, 1 Bath, 1072 Sq. Ft. offered at $649,000
5. Harbor Heights – 2 Bed, 1.75 Bath, 1150 Sq. Ft. offered at $685,000
6. Concord Condominiums – 2 Bed, x Bath, 2 Sq. Ft. offered at $1,050,000
7. Cristalla – 2 Bed, 2 Bath, 1572 Sq. Ft. offered at $1,250,000

Average Listing Price Per Square Foot = $?

PRICE CHANGES

1. Cosmopolitan – 0 Bed, 1 Bath, 427 Sq. Ft., $17,100 decrease
2. Tobira – 1 Bed, 1 Bath, 585 Sq. Ft., $10,000 decrease
3. Building – 1 Bed, 1 Bath, 696 Sq. Ft., $10,000 decrease
4. Building – 2 Bed, 2 Bath, 925 Sq. Ft., $10,000 decrease
5. Building – 2 Bed, 2 Bath, 1016 Sq. Ft., $10,000 decrease
6. Building – 2 Bed, 2 Bath, 1016 Sq. Ft., $20,000 decrease
7. Cosmopolitan – 1 Bed, 1 Bath, 943 Sq. Ft., $9,000 decrease
8. Cristalla – 1 Bed, 1.5 Bath, 887 Sq. Ft., $21,000 decrease
9. Cosmopolitan – 2 Bed, 1.75 Bath, 1324 Sq. Ft., $22,000 decrease
10. The Vine – 2 Bed, 1.75 Bath, 1494 Sq. Ft., $50,000 decrease

Change in Price = $? decrease

PENDING

1. 5th Avenue Court – 0 Bed, 1 Bath, ? Sq. Ft.
2. Belltown Court – 1 Bed, 1 Bath, 580 Sq. Ft.
3. GALLERY – 1 Bed, 1 Bath, 567 Sq. Ft.

SOLD

1. 5th Avenue Court – 0 Bed, 1 Bath, ? Sq. Ft. ORIG. PRICE = $209,500 SALE PRICE = $209,500
2. 5th Avenue Court – 0 Bed, 1 Bath, ? Sq. Ft. ORIG. PRICE = $214,500 SALE PRICE = $214,500
3. 5th Avenue Court – 0 Bed, 1 Bath, ? Sq. Ft. ORIG. PRICE = $217,500 SALE PRICE = $217,500
4. 5th Avenue Court – 0 Bed, 1 Bath, ? Sq. Ft. ORIG. PRICE = $229,500 SALE PRICE = $229,500
5. Cosmo – 0 Bed, 1 Bath, 427 Sq. Ft. ORIG. PRICE = $249,990 SALE PRICE = $242,900
6. Belltown Court – 1 Bed, 1 Bath, 531 Sq. Ft. ORIG. PRICE = $274,999 SALE PRICE = $280,000
7. Bay Vista Tower – 2 Bed, 1.75 Bath, 1235 Sq. Ft. ORIG. PRICE = $699,000 SALE PRICE = $675,000
8. Concord Condominiums – 2 Bed, 1.75 Bath, 1180 Sq. Ft. ORIG. PRICE = $870,000 SALE PRICE = $843,900

Average Selling Price Per Square Foot = $?
Average DOM (days on market) = 31

View New Condos on the Market TODAY!

Austin A. Bell – 2324 1st Avenue Seattle, WA 98121

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Properties with the ,, , or icon(s) are courtesy of the Northwest, Whatcom, Walla Walla, Olympic MLSs, or SAR/MLS respectively.

GENERAL DATA (map)

Year Built: 1908
Number of Floors: 5
Number of Units: 44
Common Areas & Amenities: Roof-top terrace
Companies: Murray Franklin

COMMENTS

Originally built as a hotel in 1908, the Austin A. Bell building was remodeled in 1999 by Murray Franklin. The lobby interior features woodwork from the building’s original construction. The story is told that Austin Bell told his nephew he was going to build the brick building, but died the next day. However, his wife Eva still followed through by constructing the building of brick from San Francisco. Now, the Austin A. Bell building has been converted from a historical hotel into loft-style condominiums.

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HOMEPAGE

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MEDIA

Seattle Times – For Whom the Bell Tolls
Puget Sound Business Journal – Austin Bell building resurrected
HistoryLink – Bell, William Nathaniel
Digital Collections – Austin Bell Building 1942

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REAL ESTATE SERVICES

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Today’s Market Update – Changes From 07/23/07

Today’s Market Update are additions and changes that have occurred with the Multiple Listing Service from the time last posted (maximum of 3 days).

NEW LISTINGS

1. Tobira – 0 Bed, 1 Bath, 440 Sq. Ft. offered at $209,950
2. The Nord – 0 Bed, 1 Bath, 791 Sq. Ft. offered at $415,000
3. GALLERY – 1 Bed, 1 Bath, ? Sq. Ft. offered at $569,900
4. GALLERY – 2 Bed, 2 Bath, ? Sq. Ft. offered at $573,200
5. The Vine – 1 Bed, 1.5 Bath, 987 Sq. Ft. offered at $609,990
6. ESCALA – 1 Bed, 1.5 Bath, 934 Sq. Ft. offered at $669,000
7. Austin A. Bell – 2 Bed, 2 Bath, 1185 Sq. Ft. offered at $795,000
8. ESCALA – 2 Bed, 2 Bath, 1600 Sq. Ft. offered at $1,019,000
9. ESCALA – 2 Bed, 2 Bath, 1600 Sq. Ft. offered at $1,349,000

Average Listing Price Per Square Foot = $672.28

PRICE CHANGES

1. Cristalla – 1 Bed, 1 Bath, 820 Sq. Ft., $24,000 decrease

Change in Price = $24,000 decrease

PENDING

1. Jackson Square Building – 0 Bed, .75 Bath, 646 Sq. Ft.
2. Cosmopolitan – 1 Bed, 1 Bath, ? Sq. Ft.
3. Royal Crest – 2 Bed, 2 Bath, 1323 Sq. Ft.
4. Klee Lofts and Suites – 2 Bed, 1 Bath, 818 Sq. Ft.
5. Cosmopolitan – 1 Bed, 1 Bath, 965 Sq. Ft.
6. GALLERY – 1 Bed, 1 Bath, ? Sq. Ft.
7. GALLERY – 2 Bed, 2 Bath, ? Sq. Ft.
8. ESCALA – 1 Bed, 1.5 Bath, 934 Sq. Ft.
9. Market Place North – 2 Bed, 2 Bath, 1265 Sq. Ft.
10. ESCALA – 2 Bed, 2 Bath, 1600 Sq. Ft.
11. ESCALA – 2 Bed, 2 Bath, 1600 Sq. Ft.

SOLD

1. 2200 Westlake – 1 Bed, 1 Bath, 610 Sq. Ft. ORIG. PRICE = $364,500 SALE PRICE = $372,000
2. 2200 Westlake – 1 Bed, 1 Bath, 918 Sq. Ft. ORIG. PRICE = $625,000 SALE PRICE = $625,000
3. Cosmopolitan – 2 Bed, 1.75 Bath, 1318 Sq. Ft. ORIG. PRICE = $929,950 SALE PRICE = $892,000

Average Selling Price Per Square Foot = $663.74
Average DOM (days on market) = $47

View New Condos on the Market TODAY!

Seattle Condo Prices Like a Half Glass Full of Water

I can’t see it happening, but the question comes up over and over again. How can a 1 bedroom condo for $500k (that’s half-a-million dollars) go up in value? Here’s a short and sweet explanation by Seattle Times reporter Elizabeth Rhodes if you need a little more security:

“Point one: In today’s market, $500,000 to $700,000 is cheap. The market has exceeded that number,” says Gardner, a principal in Gardner Johnson, a Seattle land-use economics firm. That’s particularly true in downtown Seattle, where new million-dollar condos abound, and in the more-affluent Eastside communities.

I think many of our friends and family members can cause some negative influence about buying downtown real estate. Surprisingly, I’ve found there to be a tremendous number of people who prefer to be homebodies, unlike those who prefer a lifestyle outside of the home. While some would rather let their dog run loose in the yard killing their landscaping while watching TV, urban dwellers enjoy the daily activity of walking to one of downtown’s local parks to potty and exercise. I believe it’s a question of lifestyle more than cost. One can either get more interior space outside of the city, or get more exterior space in the city. Just a matter of preference more than it is a condition of the market.

Today’s Market Update – Changes From 07/20/07

Today’s Market Update are additions and changes that have occurred with the Multiple Listing Service from the time last posted (maximum of 3 days).

NEW LISTINGS

1. Klee Suites and Lofts – 1 Bed, 1 Bath, 713 Sq. Ft. offered at $349,000
2. 2200 Westlake – 0 Bed, 0 Bath, 610 Sq. Ft. offered at $424,000
3. Concord Condominiums – 1 Bed, 1 Bath, 603 Sq. Ft. offered at $449,000
4. Olive 8 – 1 Bed, 2 Bath, 1339 Sq. Ft. offered at $895,000
5. Olive 8 – 2 Bed, 2 Bath, 1538 Sq. Ft. offered at $1,225,000
6. Olive 8 – 2 Bed, 2 Bath, 1339 Sq. Ft. offered at $1,330,000

Average Listing Price Per Square Foot = $760.66

PRICE CHANGES

1. GALLERY – 1 Bed, 1 Bath, 567 Sq. Ft., $4,000 increase
2. Montreux – 0 Bed, 1 Bath, ? Sq. Ft., $3,000 decrease
3. Newmark Tower – 1 Bed, 1 Bath, 507 Sq. Ft., $20,000 decrease
4. Harbor Heights – 1 Bed, .75 Bath, 870 Sq. Ft., $10,000 decrease
5. Arbor Place Tower – 2 Bed, 1.75 Bath, 996 Sq. Ft., $10,000 decrease
6. 2200 Westlake – 1 Bed, 1 Bath, 758 Sq. Ft., $10,000 decrease
7. 2200 Westlake – 2 Bed, 2 Bath, 1205 Sq. Ft., $16,001 decrease
8. 2200 Westlake – 2 Bed, 1.75 Bath, 1206 Sq. Ft., $10,000 decrease
9. Cosmopolitan – 2 Bed, 2 Bath, 1310 Sq. Ft., $75,000 decrease

PENDING

1. GALLERY – 1 Bed, 1 Bath, 598 Sq. Ft.
2. Belltown Court – 1 Bed, 1 Bath, 636 Sq. Ft.
3. Matae – 1 Bed, 1 .5 Bath, 775 Sq. Ft.
4. Belltown Court – 2 Bed, 1.75 Bath, 840 Sq. Ft.
5. Site 17 – 2 Bed, 2 Bath, 1048 Sq. Ft.
6. Cristalla – 1 Bed, 1.5 Bath, 887 Sq. Ft.
7. Cosmopolitan – 2 Bed, 2 Bath, 1248 Sq. Ft.
8. 2200 Westlake – 2 Bed, 1.75 Bath, 1407 Sq. Ft.

SOLD

1. Cosmopolitan – 2 Bed, 2 Bath, 1195 Sq. Ft. ORIG. PRICE = $719,950 SALE PRICE = $710,000

Average Selling Price Per Square Foot = $594.14
Average DOM (days on market) = 27

View New Condos on the Market TODAY!

Harbor Heights – 2621 2nd Avenue Seattle, WA 98121

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Properties with the ,, , or icon(s) are courtesy of the Northwest, Whatcom, Walla Walla, Olympic MLSs, or SAR/MLS respectively.

GENERAL DATA (map)

Year Built: 1980
Number of Floors: 18
Number of Units: 93
Common Areas & Amenities: Fitness center, game room, rooftop terrace and outdoor pool
Companies: ABKJ

COMMENTS

Harbor Heights is located just blocks away from the Spaceneedle and Seattle Center. Units have spacious floor plans and have either window enclosed sun rooms or open decks. The rooftop terrace is fit for relaxation and has panoramic views. This building also has a small, yet private outdoor pool on the 2nd floor.

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HOMEPAGE

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MEDIA

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REAL ESTATE SERVICES

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(206) 491-1555

Today’s Market Update – Changes From 07/18/07

Today’s Market Update are additions and changes that have occurred with the Multiple Listing Service from the time last posted (maximum of 3 days).

NEW LISTINGS

1. The Nord – 0 Bed, 1 Bath, 379 Sq. Ft. offered at $220,000
2. Our Home Hotel – 0 Bed, 1 Bath, 581 Sq. Ft. offered at $299,950
3. TOBIRA – 1 Bed, 1 Bath, 585 Sq. Ft. offered at $299,950
4. FIX Building – 1 Bed, 1 Bath, 815 Sq. Ft. offered at $375,000
5. Klee Suites and Lofts – 2 Bed, 1.75 Bath, 908 Sq. Ft. offered at $399,950
6. Belltown Court – 2 Bed, 1.75 Bath, 924 Sq. Ft. offered at $449,900
7. 98 Union – 2 Bed, 2.5 Bath, 1262 Sq. Ft. offered at $558,000
8. ESCALA – 1 Bed, 1.5 Bath, 934 Sq. Ft. offered at $667,680
9. Klee Suites and Lofts – 0 (Live/Work/Loft) Bed, 1 Bath, 1266 Sq. Ft. offered at $674,950
10. ESCALA – 1 Bed, 1.5 Bath, 934 Sq. Ft. offered at $677,680
11. Harbor Heights – 2 Bed, 1.75 Bath, 1195 Sq. Ft. offered at $729,950
12. Cristalla – 1 Bed, 1 Bath, 875 Sq. Ft. offered at $747,950
13. Hillclimb Court – 2 Bed, 1.75 Bath, 1081 Sq. Ft. offered at $774,850
14. ESCALA – 1 Bed, 1 Bath, 1600 Sq. Ft. offered at $1,251,000
15. ESCALA – 1 Bed, 1 Bath, 1600 Sq. Ft. offered at $1,429,000
16. ESCALA – 1 Bed, 1 Bath, 1942 Sq. Ft. offered at $1,699,000
17. ESCALA – 1 Bed, 1 Bath, 1942 Sq. Ft. offered at $1,937,240
18. ESCALA – 1 Bed, 1 Bath, 1942 Sq. Ft. offered at $1,937,240
19. ESCALA – 1 Bed, 1 Bath, 1920 Sq. Ft. offered at $2,023,680
20. ESCALA – 1 Bed, 1 Bath, 1920 Sq. Ft. offered at $2,119,680

Average Listing Price Per Square Foot = $783.28

PRICE CHANGES

1. Bellora – 2 Bed, 2 Bath, 1550 Sq. Ft., $15,000 increase
2. Market Court – 1 Bed, 1 Bath, 631 Sq. Ft., $6,000 decrease
3. Bellora – 1 Bed, 1 Bath, 733 Sq. Ft., $21,000 decrease
4. Cosmopolitan – 1 Bed, 1 Bath, 943 Sq. Ft., $30,005 decrease
5. Meridian Condominiums – 3 Bed, 3 Bath, 1667 Sq. Ft., $100,050 decrease
6. ESCALA – 1 Bed, 1.5 Bath, 1942 Sq. Ft., $86,440 decrease

Change in Price = $228,495 decrease

PENDING

1. TOBIRA – 0 Bed, 1 Bath, 440 Sq. Ft.
2. 2200 Westlake – 1 Bed, 1 Bath, 981 Sq. Ft.
3. ESCALA – 1 Bed, 1 Bath, 1600 Sq. Ft.
4. ESCALA – 1 Bed, 1 Bath, 1942 Sq. Ft.

SOLD

1. Cosmopolitan – 0 Bed, 1 Bath, 427 Sq. Ft. ORIG. PRICE = $259,000 SOLD = $259,000
2. Carbon 56 – 1 Bed, 1 Bath, 650 Sq. Ft. ORIG. PRICE = $354,950 SOLD = $352,950
3. Carbon 56 – 1 Bed, 1 Bath, 650 Sq. Ft. ORIG. PRICE = $354,950 SOLD = $354,950
4. 2200 Westlake – 1 Bed, 1 Bath, 587 Sq. Ft. ORIG. PRICE = $390,000 SOLD = $390,000
5. Cosmopolitan – 1 Bed, 1 Bath, 719 Sq. Ft. ORIG. PRICE = $459,000 SOLD = $440,000
6. Arbor Place Tower – 2 Bed, 1.75 Bath, 2656 Sq. Ft. ORIG. PRICE = $1,895,000 SOLD = $1,800,000

Average Selling Price Per Square Foot = $632.26

View New Condos on the Market TODAY!

The Nord – 312 1st Avenue South Seattle, WA 98104

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Properties with the ,, , or icon(s) are courtesy of the Northwest, Whatcom, Walla Walla, Olympic MLSs, or SAR/MLS respectively.

GENERAL DATA (map)

Year Built: 1890
Number of Floors: 3
Number of Units: 7
Common Areas & Amenities:
Companies: Pioneer Property Group

COMMENTS

The Nord is located in Pioneer Square and a renovation lead by Pioneer Property Group who specializes in preserving historic architecture. The building was built in 1890 and named after Frank Norquist who once managed the place. The Nord features a central location in Pioneer Square, brick exposed walls and double-hung windows. Although this development does not offer “real property” as parking, presale buyers are offered 2 years of prepaid parking and a nearby Flexcar service (…sign up for Flexcar benefits). Other projects by Pioneer Property Group includes Queen’s Court, The Pittsburgh and The Betsy Ross.

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HOMEPAGE

www.livehistoric.com

MEDIA

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REAL ESTATE SERVICES

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Smith Tower Condo Conversion

I don’t think anything would be cooler than an opportunity to live in the Smith Tower. I’m optimistic about the historic building going residential.

Walton Street Capital, a private real estate investment company based in Chicago, filed an application with the city in February to build 150 homes in Seattle’s first skyscraper, which was completed at 506 Second Ave. in 1914. On Monday, city planner Lisa Rutzick approved the plan with several conditions, including that it get a required approval from the Pioneer Square Preservation Board.

Unfortunately, good ‘ol Bill at Ralph’s is kicking me out:( …guess it’s getting late. Expect more to come on this one! In the meantime, here was the Seattle PI’s last update.

‘Visual Impact’ of Seattle’s Skyline Takes 52nd Place Worldwide

Out of a database of over 50,000 cities, world building news website EMPORIS.com ranks Seattle’s skyline as the 52nd best. Points rank the visual impact of a skyline based on floor count. Thier database records currently show 188 high-rise towers (defined as a building 35 meters or greater in height,) in Seattle. Although I expected to see Seattle on the list, I didn’t expect it to be that low considering how the city ranks in every other statistic.

It did come to no surprise that Hong Kong and New York City took 1st and 2nd place. As our rush to keep up with our increasing population continues, I’m curious to see how much the score will increase over the next couple of years. According to their point system, if Seattle builds one tower with 80 to 89 floors we can get 300 points and take the lead with over San Francisco which now sits at 44th place. Unfortunately, Olive 8 owns the rights to being the tallest residential tower at only 39 stories. But that doesn’t necessarily mean we can’t win. That’s right! If we build one 100 story commercial tower plus an approximate 1357.76 towers that stand anywhere between 30 and 39 floors we can take 2nd place over New York! C’mon Intracorp! C’mon Paul Allen! We can do it!