INSIGNIA
2931 1st Ave. South, Suite A Seattle, WA. 98134 Each office independently owned and operated
Real Estate Market Report | May 2018
LUKE BARTLETT | BROKER 206.504.4396 Luke@MetropolistGroup.com www.InsigniaForSale.com
Recent Insignia Listings Featured Listing by Luke Bartlett
Pending! in 7 Days
Tucked away in the South tower at Insignia, overlooking the lush seventh floor park. A cooks dream kitchen featuring a rare bonus storage room/pantry built-out with custom California Closets. Split floor plan perfect for when you have guests visiting. Large covered balcony protected from the rain/natural elements. Enjoy the pool, sauna, steam room, hot tub, two story fitness atrium, and 41st floor sky lounge. Minutes from Amazon, Space Needle, boutique shops, restaurants, and cocktail lounges.
PREPARED ESPECIALLY FOR
Johnathan and Angela-Marie Williams
588 Bell Street #815S | 2 Bedrooms, 1.75 Bathrooms | 1,215 Sq. Ft. 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
Client Testimonial
LUKE BARTLETT | BROKER 206.504.4396 Luke@MetropolistGroup.com www.InsigniaForSale.com
Real Estate Market Report
Luke in 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.
Johnathan and Angela-Marie, If you want to keep up with your home’s value, contact me today at 206.504.4396 to receive your quarterly market snapshot.
ACTIVE Insignia Tower Condos
Why rent when you can own your own home?
PENDING Insignia Tower Condos
What mortgage payment works for you? Est. Monthly Mortgage Payment
Home Sales Price
Down payment
Interest Rate (APR)
Principal & Interest
Est. Taxes & Insurance
$4,682.35
$900,000
20%
4.375% (4.420%)
$3,594.85
$1,087.50
$5,152.61
$1,000,000
20% 20%
4.375% (4.420%) 4.375% (4.420%)
$3,794.57 $3,994.28
Your home’s value will be based on several key factors: Unit
Beds
Baths
Est. Sq. Ft.
List Price
List Date
Price/Sq. Foot
710N
1
1.00
868
$850,000
03/20/18
$979
411S
2
1.75
1,239
$1,010,000
03/22/18
$815
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
3002S
2
1.75
1,254
$1,350,000
03/06/18
$1,077
• 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 3
$1,147.91 $1,158.33
Estimates are based on a 30-year (360 payments) fixed rate Jumbo loan at 80% loan-to-value. Estimates do not include potential HOA dues.
If you’d rather be putting your paycheck towards building equity in your own home, contact Brandon Ehrlich today about a buy vs. rent analysis. Source: Harvard Joint Center for Housing Studies, State of the Nation’s Housing, 2017 www.jchs.harvard.edu.
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
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.
There are currently no homes active in Insignia Tower
There are many benefits to owning your own home! According to Harvard Center for Joint Housing Studies, rent increases are continuing to outpace inflation. With rental vacancies at their lowest levels of the last 20 years, landlords are able to increase rent without fear of losing renters. Mortgage interest rates are still incredibly low and it’s a great time to stop paying rent and experience homeownership. If you have been wondering if you qualify, now is the time to find out before rates go up!
$950,000
+ Get the Most Accurate Assessment of Your Home’s Value
www.InsigniaForSale.com
PAID ADVERTISEMENT
$4,942.48
FOR ALL THINGS DOWNTOWN
INSIGNIA TOWER
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All loans subject to approval.
N/A
SOLD Insignia Tower Condos in the Last 180 Days Unit
Beds Baths Est. Sq. Ft. List Price
List Date
$1,339,000 01/01/18 $1,268,000 04/12/18
2.00
1,443
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
For the Last 3 Months
710S
2
1.75
1,023
$999,000 02/22/18
$985,000
03/29/18
$963
PROPERTY
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
304
1
1.00
948
2007
2
1.75
1,523
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
$879
$900,000
02/23/18
$1,164
$1,290,000 01/02/18 $1,290,000 02/08/18
$1,116
$899,000 10/20/17
$956,000
12/14/17
$798,500 11/01/17
$798,500
12/12/17
$1,595,000 10/13/17 $1,590,972 11/15/17
$990
FEB 18
MAR 18
TOP 5 COMPETITIVE PROPERTIES
2
$935,000
$1,119
JAN 18
Sold Price Sold Date Price/Sq. Foot
716
$900,000 02/07/18
0
1521 Condos Cristalla Enso Escala Olive 8
ACTIVE
PENDING
SOLD
DOM
4 4 0 3 2
1 1 0 2 5
3 0 1 7 2
78 N/A 7 14 9
AVG. SOLD PRICE/SQ. FT.
$1,487.80 N/A $867.87 $928.60 $1,084.33
$1,014 $842 $1,045
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 September 20th, 2017 through March 20th, 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