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J A N UA RY 2 0 1 3 E D I T I O N | S A L E S STATS F O R D E C E M B E R 2 0 1 2

View the Vine Building Profile

inside this issue

02 Featured Building Market Analysis 03 04 Sold Listings Last Month The Vine Building

condo scoop

Seattle area Trends & Prices

Downtown Seattle, Queen Anne & Capitol Hill / Eastlake

07

Featured Listing Belltown Penthouse

206.910.5000 www.stroupe.com


featured building

the vine building Signature Belltown Condominiums

Building Facts & Stats

Address

2607 Western Avenue Total # of Units

View the Vine Building Profile

The Vine condominium is a combination of two buildings. The north building is 12 stories, while the south building is 6 stories. Designed by one of the foremost design firms on the West Coast GGLO Architects, the Vine was built with integrated thinking and is an outstanding project. The two towers house 175 luxury condominiums featuring Northwest Architecture. Unique floor plans for studios, lofts, one and two bedrooms plus penthouses. With amenities such as 24/7 concierge service, high tech club room, state of the art fitness center, controlled access and secure parking, there is no better living then at the Vine. Enjoy 3000 square feet of rooftop terrace for BBQs with friend and neighbors while relishing the views of Elliott Bay and Seattle city lights. Or, during the winter months, cozy up next to the gas log fireplace offered in each private residence. And don’t forget about your out of town guests. During their visit they can relax in one of two fully furnished guest suites and take advantage of all the Vine amenities. With all this to offer, it is all luxury living at the Vine.

175 (not including commercial) Year Built

2002 Total Stories

12 and 6 (two attached buildings) Listing History, Past 12 Months

Total # of Units Listed: 19 (units that were relisted after coming off the market are counted as one) Total # of Unit Sales: 9 (plus zero sold subject to inspection, one pending sales) Currently Active on Market: 3 (as of 01/10/13)

Sales History, Past 12 Months

Average-Unit Orig. List Price: $486,527 Average-Unit Sale Price: $445,328 List / Sold Price Ratio: 91.53% Average Market Time: 204 days amenities

24/7 Concierge service, Fitness Center, Club Room, Two Guest Suites, Rooftop deck


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

2011

2012

2011

2012

2011

2012

List $608,103 Sold $571,204

List $576,544 Sold $562,611

List $217,137 Sold $211,260

List $287,464 Sold $284,509

List $327,171 Sold $307,554

List $349,221 Sold $338,221

-6.07% Variance

-2.4% Variance

-2.7% Variance

-1.0% Variance

-6.0% Variance

-3.1% Variance

Sold Listings

Sold Listings

Sold Listings

36

15

34

36

11

42

0% Change

-36.4% Change

19.05% Change

Average $ / SF

Average $ / SF

Average $ / SF

$507 $513

$261 $307

$330 $372

December 2011

+1.2% Change

December 2011

+17.62% Change

2012

+12.73% Change

2012

December 2011

2012

AVERAGE SOLD PRICES FOR THE PAST 12 MONTHS, JANUARY 2012 – DECEMBER 2012

Downtown Seattle $562,611 (-2.4 %)

$700K $600K

Queen Anne $284,509 (-1%)

$500K $400K

Capitol Hill / Eastlake $338,221 (-3.1%)

$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

J

F

M

A

M

J

J

A

S

O

N

D

2012 Downtown Seattle

move into the current 206.910.5000 www.stroupe.com

J 2013

Queen Anne

Capitol Hill/Eastlake


listings

sold listings last month Downtown Seattle Address Unit

SF

$ / SF

Bed

Bath

Age List Price Sold Price

Escala 1920 4th Ave 2902 1,878 812 2 2.5 4 $ 1,524,000 $ 1,524,000 1920 4th Ave 2008 1,607 600 2 2 4 $ 969,000 $ 964,000 1920 4th Ave 1211 1,607 497 2 2 4 $ 799,000 $ 799,000 1920 4th Ave 402 1,607 435 2 2 4 $ 699,000 $ 699,000 1920 4th Ave 811 1,607 435 2 2 4 $ 699,000 $ 699,000 1920 4th Ave 509 910 482 1 1.5 4 $ 429,000 $ 439,000 Marselle 699 John St 619 846 396 1 1.5 4 $ 339,000 $ 699 John St 107 842 341 1 1.5 4 $ 294,990 $

335,000 287,500

Olive 8 737 Olive Way 3707 834 689 1 1.5 4 $ 585,000 $ 737 Olive Way 3507 834 653 1 1.5 4 $ 565,000 $ 737 Olive Way 3407 834 635 1 1.5 4 $ 555,000 $ 737 Olive Way 3103 823 620 1 1.5 4 $ 525,000 $ 737 Olive Way 3304 680 713 1 1 4 $ 495,000 $ 737 Olive Way 3610 650 692 1 1 4 $ 455,000 $

575,000 545,000 530,000 510,000 485,000 450,000

Vine 2607 Western Ave 1207 1,097 556 2 1.75 11 $ 619,900 $ 2607 Western Ave 903 1,354 425 2 2 11 $ 595,000 $

610,000 575,007

Other Properties 1521 2nd Ave 2503 1,644 1,034 2 1.75 5 $ 1,875,000 $ 1,700,000 1000 1st Ave 1901 1,769 947 2 2.5 7 $ 1,750,000 $ 1,675,000 2319 1st Ave 608 1,741 478 3 2 13 $ 899,000 $ 832,500 2030 Western Ave 706 1,299 423 2 1.75 24 $ 590,000 $ 550,000 2821 2nd Ave 904 1,318 391 2 1.75 31 $ 549,000 $ 515,000 1415 2nd Ave 1204 1,004 497 2 1.5 22 $ 499,000 $ 499,000 2720 3rd Ave 1001 1,285 381 1 1.75 5 $ 482,000 $ 490,000 2600 2nd Ave 1203 878 476 2 2 20 $ 440,000 $ 418,000 2000 1st Ave 902 976 425 1 2 19 $ 415,000 $ 415,000 2801 1st Ave 206 878 467 2 1.75 12 $ 425,000 $ 410,000 819 Virginia St 2803 815 444 1 1 6 $ 339,000 $ 361,500 66 Bell St 209 872 366 1 0.75 13 $ 319,000 $ 319,000 510 6th Ave S 701 1,146 265 2 1.75 14 $ 299,000 $ 304,000 3104 Western Ave 510 794 375 1 1 5 $ 310,000 $ 297,500 2721 1st Ave 310 728 396 1 1 8 $ 299,950 $ 288,000 2100 3rd Ave 1803 779 356 1 0.75 40 $ 272,000 $ 277,000 526 1st Ave S 204 1,115 242 1 1 104 $ 274,950 $ 270,000 108 5th Ave S 501 920 255 2 1.75 12 $ 235,000 $ 235,000 2440 Western Ave 209 873 229 1 1 15 $ 154,900 $ 200,000 1119 1st Ave 215 659 259 1 1 111 $ 179,888 $ 171,000


listings

sold listings last month Queen Anne Address Unit

110 W Highland Dr 3003 14th Ave W 500 W Roy St 18 Dravus St 2108 Warren Ave N 2253 Gilman Dr W 2040 13th Ave W 1525 Taylor Ave N 2530 15th Ave W 762 Hayes St 3420 15th Ave W

310 204 W-209 207 203 307 11 303 503 23 306

SF

1,509 1,080 1,031 932 829 1,046 1,099 687 682 657 630

$ / SF

Bed

Bath

414 361 376 311 335 251 213 320 238 228 206

2 2 2 2 2 2 2 2 1 1 1

1.75 1.5 2 2 1.75 1.75 1.75 1 1 1 1

Age List Price Sold Price

92 25 31 14 19 33 24 13 13 36 53

$ $ $ $ $ $ $ $ $ $ $

646,750 385,000 399,950 294,500 277,500 269,000 239,900 218,000 162,500 154,000 115,000

$ $ $ $ $ $ $ $ $ $ $

625,000 390,000 388,000 290,000 277,500 263,000 234,000 219,600 162,500 150,000 130,000

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


listings

sold listings last month Capitol Hill / Eastlake Address Unit

726 Boylston Ave E 1175 Broadway Ave E 914E Highland Dr 1000 Union St 530 Broadway E 1408 12th Ave 1301 Spring St 717E Denny Wy 3217 Eastlake Ave E 1119 Lk. Wash. Blvd 1100 17th Ave 2035 Eastlake Ave E 1812 19th Ave 1100 E Harrison St 320 Melrose Ave E 827 Hiawatha Place S 1740 Melrose Ave 311 E Republican St 75 E Lynn St 1420 Terry Ave 1408 12th Ave 827 Hiawatha Place S 1414 E Harrrison St 1100 17th Ave 1000 Union St 400 Melrose Ave E 827 Hiawatha Place S 412 11th Ave 1017 Minor Ave 1926 Fairview Ave E 827 Hiawatha Place S 400 Boylston Ave E 417 E Pine St 1125 E Olive 827 Hiawatha Place S 905 Cherry St 1400 Hubbell Place 752 Bellevue Ave E 124 Bellevue Ave E 411 Boylston Ave E 1732 15th Ave 215 17th Ave E

12 6 914 PH-A 138 402 5-A 2-C 312 1121 402 201 211 102 402 101 202 600 403 303 308 607 F 306 313 607 409 402 202 311 210 1 210 402 413 704 1304 312 600 206 26 9

SF

2,270 2,007 1,675 1,432 977 820 1,265 1,195 1,384 906 1,100 908 961 1,040 965 1,209 1,096 780 873 616 615 858 900 788 600 818 858 760 801 887 858 610 592 511 555 653 492 448 460 457 501 261

$ / SF

Bed

Bath

698 710 463 399 513 543 336 347 293 397 323 391 343 308 321 256 268 365 323 422 423 297 264 301 384 275 254 276 262 237 245 311 313 352 319 268 335 357 337 306 210 345

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

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

Age List Price Sold Price

8 3 34 48 6 6 31 11 9 65 84 12 10 26 47 3 50 10 47 11 6 3 106 84 48 46 3 11 83 23 3 82 94 12 3 44 56 57 6 83 104 99

$ 1,895,000 $ 1,475,000 $ 785,000 $ 599,950 $ 489,000 $ 469,500 $ 465,000 $ 435,000 $ 399,000 $ 364,950 $ 359,950 $ 358,880 $ 329,900 $ 319,950 $ 315,000 $ 319,500 $ 299,950 $ 284,950 $ 279,950 $ 249,900 $ 259,950 $ 247,900 $ 238,500 $ 239,900 $ 215,000 $ 214,950 $ 224,900 $ 170,000 $ 190,000 $ 210,000 $ 209,900 $ 199,995 $ 194,300 $ 180,000 $ 187,900 $ 149,000 $ 159,950 $ 170,000 $ 155,000 $ 139,900 $ 125,000 $ 89,900

$ 1,585,000 $ 1,425,000 $ 775,000 $ 572,000 $ 501,000 $ 445,000 $ 425,000 $ 415,000 $ 406,000 $ 360,000 $ 355,000 $ 355,000 $ 329,900 $ 319,950 $ 310,000 $ 309,900 $ 294,000 $ 285,000 $ 282,000 $ 260,000 $ 259,950 $ 255,100 $ 238,000 $ 237,500 $ 230,500 $ 225,000 $ 218,000 $ 210,000 $ 210,000 $ 210,000 $ 209,900 $ 190,000 $ 185,500 $ 180,000 $ 177,000 $ 175,000 $ 165,000 $ 160,000 $ 155,000 $ 139,900 $ 105,000 $ 90,000


featured listing

belltown penthouse Exquisite urban penthouse in one of seattle’s finest buildings — the vine

View more Photos and Details

Enjoy stunning city lights, Space Needle & Sound views from this gorgeous corner top floor penthouse unit. Refined quality, seduction at every turn. Great care & design touches are apparent w/ stunning strand woven bamboo flooring, custom FP, Asian hand carved wood & capiz shell paneled door, A/C and wall bed unit. Gourmet Kitchen includes slab granite, Sub-Zero, Dacor & Asko appliances, striking cork flooring. Two secured car parking spaces. The Vine is an award winning concrete & steel building with 24/7 concierge, Gym, Guest Suites, Club Room and Seattle’s finest patio. Premier building features 24 hour Concierge, Fitness Center, Club Room, Guest Suites and Seattle’s finest rooftop patio. Best location in Belltown. Schedule a Showing

Property Details

Address

size

2607 Western Avenue, #1201

1,222 SF (per King Co. Tax Records)

price

$699,000 bedrooms

Taxes

bathrooms

$5,452 / year (2012)

parking

2 spaces (secured) year built

2002

move into the current 206.910.5000 www.stroupe.com

$844/ month

2 1.75

View the Vine Building Profile

HOD

building features

24/7 Concierge service, Fitness Center, Club Room, Guest Suites, Rooftop Patio, concrete steel construction, central Belltown location.


featured in our next edition‌

View the Cristalla Building Profile

the cristalla building Address

amenities

2033 2nd Avenue, Seattle

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.

Total # of Units

195 (including commercial) Year Built

2005

206.910.5000

|

www.stroupe.com

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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.


Scoop January 2013