Luke Bartlett - Insignia - May 2018

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