Luke Bartlett - Insignia - June 2018

FusionPro

INSIGNIA

2931 1st Ave. South, Suite A Seattle, WA. 98134 Each office independently owned and operated

Standard Adress Block FusionPro

Real Estate Market Report | June 2018

LUKE BARTLETT | BROKER 206.504.4396 Luke@MetropolistGroup.com www.InsigniaForSale.com

Featured Insignia Listing INSIGNIA

FEATURED LISTING

BY LUKE BARTLETT Call Today for a Private Showing!

583 Battery St #710N | 1 Bedroom + Den | 1 Bathroom | 868 Sq. Ft. | Offered at $835,000

FusionPro

Light filled Northwest facing home in Seattle’s Insignia Condominium Towers. Home features a peak-a-view of The Space Needle, Puget Sound and Lake Union. Blocks away from Amazon, Pike Place Market and lots of great restaurants. In the heart of it all with first class amenities you won’t see anywhere else. High end appliances - Bosch/Thermador, gas cooktop, quartz and marble countertops. Pool, sauna, steam room, 41st floor lounge, large gym and 24hr concierge. Parking, storage and no rental cap!

M. Brandon Ehrlich, VP, Branch Manager Cell: 206-251-5019 | Office: 206-691-2929 NMLS ID#: 583001 1700 Westlake Avenue North, Suite 600 Seattle, WA 98109

Presented by

Luke Bartlett All loans subject to approval.

Your Insignia Real Estate Specialist & Neighbor www.InsigniaForSale.com

PREPARED ESPECIALLY FOR

Client Testimonial Luke is an exceptional agent, from consultation to listing; Luke instilled the confidence I needed as a seller! The staging of the home, photographs, and listing process were seamless thanks to the expertise of Luke. Not only did my home sell in 6 days, but at 12% over asking price. I encourage everyone to unlock the privilege of exceptional real estate service!

- Kevin C.

LUKE BARTLETT | BROKER 206.504.4396 Luke@MetropolistGroup.com www.InsigniaForSale.com

CAN COST!

Housing agencies predict that interest rates could reach new highs by the end of 2018, increasing the overall cost to purchase, thus greatly reducing the number of qualified buyers!

Real Estate Market Report

+ Get the Most Accurate Assessment of Your Home’s Value

www.InsigniaForSale.com

ACTIVE Insignia Tower Condos

WAITING HOW DOES WAI TING A FFECT T H E SALE OF YOUR H O ME AS IN TEREST R ATES RISE?

FOR ALL THINGS DOWNTOWN

INSIGNIA TOWER

Unit

Beds

Baths

Est. Sq. Ft.

List Price

List Date

Price/Sq.Foot

710N

1

1.00

868

$835,000

03/20/18

$962

1804S

1

1.00

792

$855,000

05/03/18

$1,080

607N

1

1.00

949

$885,000

04/25/18

$933

212N

2

1.75

1,326

$999,700

05/01/18

$754

2401

2

1.75

1,003

$1,099,000

05/14/18

$1,096

3101S

2

1.75

930

$1,250,000

04/27/18

$1,344

1706

2

1.75

1,269

$1,375,000

05/03/18

$1,084

3506S

2

1.75

1,523

$2,350,000

05/04/18

$1,543

PENDING Insignia Tower Condos IF INTEREST RATES RISE FROM 4.44% TO 5.1%...

LOAN AMOUNT

INCREASED COST

$250,000

$35,841

$500,000

$71,682

$750,000

$107,522

$1,000,000

$143,364

Beds

Baths

Est. Sq. Ft.

List Price

List Date

Price/Sq. Foot

815S

2

1.75

1,215

$1,050,000

04/12/18

$864

2801N

2

2.00

1,003

$1,119,950

02/27/18

$1,117

1802N

2

2.00

1,254

$1,250,000

03/01/18

$997

3003N

2

2.00

1,476

$1,888,000

05/03/18

$1,279

Your home’s value will be based on several key factors: • Home sales in Insignia for the past six months • Square footage, condos, views, and location • Special features that set your home apart from others

Facts & Trends Number of Condos Sold Average Price/Sq. Foot 6

4

3 $1,119

SOLD Insignia Tower Condos in the Last 180 Days Unit

Interest Rate as of March 15th, 2018 was 4.44%, Freddie Mac predicts a 5.1% interest rate by the end of 2019.

M. Brandon Ehrlich, VP, Branch Manager Cell: 206-251-5019 | Office: 206-691-2929 NMLS ID#: 583001 1700 Westlake Avenue North, Suite 600 Seattle, WA 98109

Unit

Receive the most accurate assessment of your home’s value, provided to you as a complimentary service by Luke, your Insignia real estate specialist. You will not be contacted with any other solicitation.

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All loans subject to approval.

Beds Baths Est. Sq. Ft. List Price

List Date

FEB 18

Sold Price Sold Date Price/Sq. Foot

411S

2

1.75

1,239

$1,010,000 03/22/18 $1,010,000 05/02/18

$815

3002S

2

1.75

1,254

$1,350,000 03/06/18 $1,325,000 04/27/18

$1,057

716

2

2.00

1,443

$1,339,000 01/01/18 $1,268,000 04/12/18

$879

701S

1

1.00

833

$875,000 03/09/18

$925,000

04/09/18

$1,110

606N

2

2.00

1,038

$899,000 02/22/18

$925,000

04/03/18

$891

710S

2

1.75

1,023

$999,000 02/22/18

$985,000

03/29/18

$963

2603S

2

2.00

1,156

$1,300,000 02/08/18 $1,290,000 03/28/18

$1,116

813S

2

1.75

1,596

$1,298,000 02/08/18 $1,298,000 03/27/18

$813

406

2

2.00

1,035

1407S

2

1.75

1,523

702N

1

1.00

836

3402S

2

1.75

1,254

1705

1

1.00

773

2003S

2

1.75

1,156

804S

2

1.75

943

$899,000 10/20/17

$956,000

12/14/17

$1,014

304

1

1.00

948

$798,500 11/01/17

$798,500

12/12/17

$842

2007

2

1.75

1,523

$900,000 02/07/18

$935,000

03/14/18

$1,625,000 01/16/18 $1,650,000 03/14/18 $799,000 02/01/18

$903 $1,083

03/07/18

$1,061

$1,350,000 01/11/18 $1,350,000 02/26/18

$1,077

$799,000 01/08/18

$887,000

$900,000

$990

02/23/18

$1,164

$1,290,000 01/02/18 $1,290,000 02/08/18

$1,116

$1,595,000 10/13/17 $1,590,972 11/15/17

$1,045

$984

MAR 18

APR 18

TOP 5 COMPETITIVE PROPERTIES For the Last 3 Months PROPERTY

1521 Condos Cristalla Enso Escala Olive 8

ACTIVE

PENDING

SOLD

DOM

AVG. SOLD PRICE/SQ. FT.

4 3 1 4 2

0 1 2 3 2

3 4 1 6 5

26 12 7 16 38

$1,399.25 $903.13 $867.87 $872.68 $1,063.36

Looking to move or upgrade? Before you list your home, let me show you what’s available and let’s find your dream home. Call me today at 206.504.4396.

Luke Bartlett and Metropolist are not in any way affiliated with the Insignia Home Owners Association, nor is this in any way an official advertisement or publication of Insignia. ©2018 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Association of Realtors® (AOR) and NWMLS as well as property builders by location from November 17th, 2017 through May 14th, 2018. Listings and sales may not be those of Metropolist. The NWMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.254.9619 | ©2018