Issuu on Google+

A p r i l 2 0 1 3 E D I T I O N | S A L E S STATS F O R m a r c h 2 0 1 3

View the Belltown Court Profile

inside this issue

02 Featured Building Market Analysis 03 04 Sold Listings Last Month Belltown Court

condo scoop

Seattle area Trends & Prices

Downtown Seattle, Queen Anne & Capitol Hill / Eastlake

07

Featured Listing Cristalla Elegance

206.910.5000 www.stroupe.com

1


featured building

belltown court food, music, art, life

Building Facts & Stats

Address

2414 1st Avenue 2415 2nd Avenue View the Belltown Court Profile

This 8 story (7 + townhouses) 243 unit building is home to many ideal amenities one would never want to leave. The 3rd floor of the building wraps around a beautiful serene courtyard with walking paths, water features, and lush, mature foliage. The west building boasts indoor pool, hot tub and sauna. The east building is home to the community clubroom with full kitchen plus a fireplace, and a state of the art fitness center. Both buildings have rooftop decks. Secure lobby entries are located on both 1st Avenue and 2nd Avenue and there is secure parking and storage as well.

neighborhood

Belltown Total # of Units

243 (not including commercial) Year Built

1994 (converted in 1996) Total Stories

7 + Townhouses (two buildings) Listing History, Past 12 Months

(From 4/1/12 to 3/31/13) Total # of Units Listed: 17 (units that were relisted after coming off the market are counted as one) Total # of Unit Sales: 11 (plus zero sold subject to inspection, three pending sales) Currently Active on Market: 1 (as of 4/5/13)

2

Sales History, Past 12 Months

Average-Unit Orig. List Price: $217,440 Average-Unit Sale Price: $213,173 List / Sold Price Ratio: 98.0% Average Market Time: 35 days amenities

Indoor Pool, Indoor Hot Tub, Sauna, Club Room w/full Kitchen, Fitness Center, On-site Manager, Rooftop terrace (2).


market analysis

local market activity MARKET TRENDS, PRICING AND SALES FOR THE PAST MONTH IN THE SEATTLE AREA Downtown Seattle

Queen Anne

Average Prices

Capitol Hill/Eastlake

Average Prices

Average Prices

2012

2013

2012

2013

2012

2013

List $725,631 Sold $664,736

List $889,765 Sold $850,177

List $303,706 Sold $302,734

List $345,818 Sold $342,271

List $320,980 Sold $299,324

List $313,591 Sold $312,531

0.08% Variance

4.4% Variance

0.003% Variance

1.0% Variance

6.75% Variance

0.3% Variance

Sold Listings

Sold Listings

Sold Listings

35

19

32

44

28

49

25.7% Change

32.1% Change

34.69% Change

Average $ / SF

Average $ / SF

Average $ / SF

$570 $579

$309 $319

$321 $361

March

+1.6% Change

2012

March

+3.24% Change

2013

2012

March

+12.46% Change

2013

2012

2013

AVERAGE SOLD PRICES FOR THE PAST 12 MONTHS, march 2012 – march 2013

$800K Downtown Seattle $850,177 (4.4 %)*

$700K $600K

Queen Anne $342,271 (1.0%)

$500K $400K

Capitol Hill / Eastlake $312,531 (0.3%)

$300K Figures reflect the average—not median—sold price; large fluctuations in the average price of listings may be due to a few exceptionally priced sales affecting the overall average.

$200K

M

A M

J

J

A

S

O

N

D

J

F M

2012 Downtown Seattle

* This month’s average price was influenced by a few high priced sales in the Escala

2013 Queen Anne

Capitol Hill/Eastlake

move into the current 206.910.5000 www.stroupe.com

3


listings

sold listings last month Downtown Seattle Address Unit

SF

$ / SF

Bed

Bath

Age List Price Sold Price

1521 1521 2nd Ave 3102 1734 865 2 1.75 5 $ 1,690,000 $ 1521 2nd Ave 2702 1729 810 2 1.75 5 $ 1,565,000 $ Escala 1920 4th Ave** PH-201 5170 1,199 0 0 4 $ 6,999,000 $ 1920 4th Ave 2704 2442 747 3 2.5 4 $ 1,824,000 $ 1920 4th Ave 2802 1878 812 2 2.5 4 $ 1,524,000 $ 1920 4th Ave 2301 1955 669 2 2 4 $ 1,349,000 $ 1920 4th Ave 2001 1955 647 2 2 4 $ 1,324,000 $ 1920 4th Ave 1908 1607 554 2 2 4 $ 899,000 $ 1920 4th Ave 802 1607 513 2 2 4 $ 829,000 $ 1920 4th Ave 702 1607 503 2 2 4 $ 809,000 $ 1920 4th Ave 408 1607 423 2 2 4 $ 679,000 $ Grandview 2201 3rd Ave 2401 988 507 2 1.5 34 $ 499,000 $ 2201 3rd Ave 1204 988 445 2 1.75 34 $ 439,900 $ Olive 8 737 Olive Wy 3202 1586 678 2 2 4 $ 1,095,000 $ 737 Olive Wy 3705 1350 693 2 2 4 $ 950,000 $ 737 Olive Wy 3605 1350 685 2 2 4 $ 925,000 $ 737 Olive Wy 1802 1586 530 2 2 4 $ 885,000 $ 737 Olive Wy 3506 808 668 1 1 4 $ 550,000 $ 737 Olive Wy 3604 680 757 1 1 4 $ 525,000 $ 737 Olive Wy 3504 678 745 1 1 4 $ 515,000 $ 737 Olive Wy 3404 680 728 1 1 4 $ 505,000 $ 737 Olive Wy 2106 808 588 1 1 4 $ 475,000 $ Parc 76 Cedar St 1209 1084 351 2 2 5 $ 396,000 $ 81 Clay St 627 998 285 2 1.5 5 $ 289,900 $ Seattle Heights 2600 2nd Ave 2103 1330 489 2 2 20 $ 650,000 $ 2600 2nd Ave 909 729 391 1 1 20 $ 285,000 $ Vine 2607 Western Ave 1103 1354 400 2 2 11 $ 541,000 $ 2607 Western Ave 555 1026 419 2 1.75 11 $ 459,950 $ 2607 Western Ave 207 714 389 1 1 11 $ 275,500 $ Other Properties 99 Union St 1702 1850 1,459 2 2 5 $ 2,750,000 $ 1521 2nd Ave 1000 1824 754 2 1.75 5 $ 1,425,000 $ 900 Lenora St 307 1660 425 2 2 6 $ 705,000 $ 1415 2nd Ave P-2509 998 556 2 1.75 22 $ 430,650 $ 2033 2nd Ave 1506 811 610 1 1.5 8 $ 495,000 $ 526 1st Ave S 517 1645 292 1 1.75 104 $ 499,000 $ 2607 Western Ave 211 1127 387 2 1.75 11 $ 440,000 $ 1000 1st Ave 1503 805 528 1 1.5 7 $ 439,000 $ 2720 3rd Ave TH-5 1563 270 2 1.5 6 $ 422,000 $ 2717 Western Ave 328 661 378 1 1 12 $ 260,000 $ 2414 1st Ave 503 575 375 1 1 19 $ 199,000 $ 2721 1st Ave 801 464 442 0 1 8 $ 205,000 $ 2324 1st Ave 508 419 465 0 1 105 $ 195,000 $

**Unit sold as a shell. Not included in monthly stats.

1,500,000 1,400,000 6,200,000 1,824,000 1,524,000 1,308,530 1,265,000 890,000 825,000 809,000 679,000 501,000 439,900 1,075,000 935,000 925,000 841,000 540,000 515,000 505,000 495,000 475,000 380,000 284,900 650,000 285,000 541,000 430,000 278,000 2,700,000 1,375,000 705,000 555,000 495,000 480,000 436,000 425,000 422,000 250,000 215,755 205,000 195,000


listings

sold listings last month Queen Anne Address Unit

520 Galer St 22 W Lee St 1901 Taylor Ave N 17 W Mercer St 1250 Taylor Ave N 500 W Roy St 1400 Taylor Ave N 1740 Aurora Ave N 1768 Aurora Ave N 522 W Mercer Place 1308 6th Ave N 2030 13th Ave W 1417 Queen Anne Ave N 919 2nd Ave W 201 Galer St 15 Prospect St 655 Crockett St 1110 W Howe St 2221 Gilman Dr W 519 W Roy St 519 W Roy St 321614th Ave W 330 W Olympic Place 524 6th Ave W 500 Elliott Ave 2450 Dexter Ave N 901 5th Ave N 7 Harrison St

300 501 4 221 203 W-207 302 A-101 203 304 102 201 302 601 271 B-202 B-308 301 105 317 108 202 107 309 308 202 111 19

SF

3180 1752 1648 1475 1237 1071 1030 1332 1326 1015 944 1377 955 900 686 752 964 1265 1231 790 711 771 648 680 624 628 590 482

$ / SF

Bed

Bath

338 413 404 278 323 354 345 263 263 332 344 232 331 350 459 412 322 225 227 330 332 298 347 323 300 279 237 192

3 2 3 2 2 2 2 2 2 2 2 2 1 2 1 2 1 2 2 1 1 2 1 2 1 1 1 1

2.25 2.5 1.75 1.75 2 2 2 2 2 2 2 1.75 1.5 1 1 1 1.75 1.75 2 1 1 1.5 1 1 1 1 1 1

Age List Price Sold Price

23 6 14 11 35 31 29 28 28 26 14 35 17 53 105 23 8 24 36 83 83 23 56 16 13 66 48 105

$ 1,175,000 $ 719,000 $ 675,000 $ 414,900 $ 399,900 $ 389,000 $ 355,000 $ 365,000 $ 339,000 $ 336,950 $ 329,950 $ 329,000 $ 330,000 $ 325,000 $ 235,000 $ 310,000 $ 314,950 $ 299,000 $ 287,500 $ 255,000 $ 249,900 $ 235,000 $ 225,000 $ 179,000 $ 191,400 $ 179,500 $ 139,950 $ 99,000

$ 1,075,000 $ 724,000 $ 665,000 $ 410,000 $ 399,000 $ 379,000 $ 355,000 $ 350,000 $ 349,000 $ 336,950 $ 325,000 $ 320,000 $ 316,500 $ 315,000 $ 315,000 $ 310,000 $ 310,000 $ 285,000 $ 280,000 $ 261,000 $ 236,000 $ 230,000 $ 225,000 $ 219,950 $ 187,500 $ 175,000 $ 140,000 $ 92,500

Innovative. Experience. Results. our philosophy Buying or selling a property is one of the most important financial decisions

you will ever make. When it comes to the competitive Seattle real estate market, the place to be is in the know. We believe in taking the time to educate clients so that they can make smart, informed choices. beyond expectations Having an experienced, savvy agent on your side is key to achieving the

results you desire. Meeting our clients’ needs above and beyond their expectations is the foundation of our success. We take pride in offering the highest level of professional integrity and reliable service. To learn more about how we can help you reach your real estate goals and turn your dreams into reality, contact us today or visit our website at www.stroupe.com.

move into the current 206.910.5000 www.stroupe.com

5


listings

sold listings last month Capitol Hill / Eastlake Address Unit

SF

1301 Spring St 20-G 1555 1958 Harvard Ave E 306 2087 615 E Pike St 302 1564 232 Belmont Ave E 506 1136 2914 E Madison St 205 1029 1101 Seneca St 1803 1388 1413 15th Ave 9 1025 1202 Lakeview Blvd E 1 1108 1420 Terry Ave 408 1101 1610 Belmont Ave 301 890 1740 Melrose Ave 706 1205 1111 10th Ave E 20 993 1125 E Olive St 103 869 505 Belmont Ave E 603 713 1550 Eastlake Ave E 203 1114 827 Hiawatha Place S 514 1206 827 Hiawatha Place S 606 1056 322 Belmont Ave E 302 776 705 E Republican St 201 796 827 Hiawatha Place S 308 1206 1700 Bellevue Ave 302 722 1420 Terry Ave 705 751 1408 12th Ave 309 679 303 E Pike St 513 733 325 Harvard Ave E 205 869 516 E Thomas St 301 690 3217 Eastlake Ave E 304 771 1414 E Harrison St K 900 521 Summit Ave E 301 785 **Unit sold as a shell. Not included in monthly stats. 827 Hiawatha Place S 601 858 705 E Republican St 508 632 827 Hiawatha Place S 404 867 827 Hiawatha Place S 501 858 1410 E Pine St W-206 722 1120 17th Ave B 685 827 Hiawatha Place S 510 858 1601 E Columbia St 204 893 711 E Denny Wy 107 663 1631 16th Ave 305 632 1631 16th Ave 315 641 530 Melrose Ave E 204 589 626 13th Ave E J Co-Op 752 Bellevue Ave E 101 448 233 14th Ave E 406 420 1400 Hubbell Place 1403 568 1400 Hubbell Place 904 492 711 Belmont Place E 205 517 411 Boylston Ave E 207 496 1400 Hubbell Place 1305 301

6

$ / SF

Bed

Bath

546.62 333.01 367.65 444.54 483.97 355.91 397.56 360.38 354.22 426.85 312.86 367.57 414.21 497.48 305.11 278.61 304.83 412.37 401.95 265.26 432.13 412.78 456.55 409.28 332.57 405.80 360.70 305.56 350.32 296.04 397.15 288.24 291.26 342.11 350.36 279.60 251.96 336.35 344.15 335.41 354.84 n/a 399.55 408.33 281.69 315.04 276.60 282.26 356.50

2 2 1 2 1 2 2 2 2 2 2 2 2 1 2 3 2 1 2 3 1 1 1 1 2 1 1 1 1 2 1 2 2 1 1 2 2 1 1 1 1 1 1 0 1 1 0 1 0

1.75 2.5 1.5 1.75 1.5 2 2 2 1.75 2 1.75 1.75 2 1 2 2 2 1 1 2 1 1 1 1 1 1 1 1 1 1 1 1.75 1 1 1 1 1 1.5 1 1 1 1 1 1 1 1 1 1 1

Age List Price Sold Price

31 23 14 19 5 32 13 23 11 12 50 27 6 51 16 3 3 20 50 3 25 11 6 15 85 96 9 106 29 3 50 3 3 8 85 3 32 24 84 84 22 103 57 85 56 56 85 83 56

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

875,000 695,000 595,000 475,000 500,000 500,000 435,000 399,000 399,000 379,000 375,000 380,000 359,950 350,000 344,000 350,900 329,900 289,000 319,950 319,900 287,900 319,950 299,000 300,000 284,000 275,000 270,000 242,500 245,000 254,900 249,950 249,900 249,900 259,900 259,900 239,900 224,900 261,000 222,500 215,000 209,000 199,950 179,000 172,000 160,000 158,000 150,000 145,000 111,305

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

850,000 695,000 575,000 505,000 498,000 494,000 407,500 399,300 390,000 379,900 377,000 365,000 359,950 354,700 339,888 336,000 321,900 320,000 319,950 319,900 312,000 310,000 310,000 300,000 289,000 280,000 278,100 275,000 275,000 254,000 251,000 249,900 249,900 247,000 240,000 239,900 225,000 223,000 217,500 215,000 209,000 199,950 179,000 171,500 160,000 155,000 143,000 140,000 107,305


featured listing

cristalla elegance Bright and beautiful two bedroom unit in the award-winning Cristalla

View more Photos and Details

Gorgeous bright NE corner two bedroom unit in Seattle’s exceptional Cristalla condominiums. Premium finishes with rich materials and inviting spaces - gourmet Kitchen with stainless steel appliances, gas cooking and rich slab granite, luxurious Mast Bath. Building features all the best amenities. Just blocks from Pikes Market, Belltown, and the downtown retail core. Live the city lifestyle at its finest. First class amenities with fitness center, hot tub, sauna, steam room, club room, theatre, flex room, roof top deck, dog run, and 24/7 concierge service. Schedule a Showing

Property Details

Address

size

2033 2nd Avenue, #703

606 SF (per King Co. Tax Records)

price

$845,000 bedrooms

HOD

$746/ month

2

Taxes

bathrooms

$5,570 / year (Tax Year of 2012)

2 parking

1 space (secured) year built

2005

building features

24/7 Concierge, Indoor Hot Tub, Sauna, Steam Room, One Guest Suite, Business Center, Conference Room, Club Room, Movie Room, Wine Storage (privately owned), Fitness Center, Yoga / Flex Room, Outdoor dog area, Rooftop terrace.

View the Cristalla Profile

move into the current 206.910.5000 www.stroupe.com

7


featured in our next edition‌

View the Concord Building Profile

the concord Address

amenities

2929 1st Avenue

24/7 Concierge, Indoor Hot Tub, Sauna, One Guest Suite, Business Center, Conference Room, Club Room w/full Kitchen, Fitness Center, Rooftop terrace.

Total # of Units

206 (including commercial) Year Built

1999

206.910.5000

|

www.stroupe.com

Subscribe to future editions of Stroupe’s Condo Scoop

This newsletter is provided to you at no charge as a continuing service from the Stroupe Group. Information is not guaranteed to be error-free and should not be relied upon. All information should be verified. Please feel free to contact us with any questions or comments. If your property is currently listed, this is not a solicitation for that listings. Each office is independently owned and operated.

8


Scoop April 2013