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F e b r ua ry 2 0 1 3 E D I T I O N | S A L E S STATS F O R j a n ua ry 2 0 1 3

View the Cristalla Profile

inside this issue

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

condo scoop

Seattle area Trends & Prices

Downtown Seattle, Queen Anne & Capitol Hill / Eastlake

07

Featured Listing Beautiful unit / Privilege lifestyle

206.910.5000 www.stroupe.com


featured building

Building Facts & Stats

Address

2033 2nd Avenue neighborhood

View the Cristalla Profile

West Edge Total # of Units

There is nothing like the Cristalla in Seattle. The designers took clues from the original structure and incorporated history into the present. Cristalla is a 21st century renaissance in urban living. Its modern-day origins reach back to 1915 when, as the Crystal Pool, the property was one of Seattle’s most popular gathering destinations. Awarded for Excellence in Engineering and Architecture in association with structural engineers Cary Kopczynski & Company, the building was developed by Murray Franklyn, and designed by architects Weber + Thompson. Unique to the Cristalla, the Italian Renaissance-inspired terra cotta façade from the former Crystal Pool provides a touch of history and character to this contemporary building. In addition to the lobby’s elegant “floating” staircase and 2-story water feature, William Traver Gallery and local artist Anna Skibska provided artistic decor throughout the building. Interior designer Mandy Reed continued the theme of the building’s history by maintaining a prevalence of water with translucent panels on doors and glass panels on upper kitchen cabinets. In addition to impressive building amenities, each residence boasts quality standard finishes. All homes at the Cristalla feature hardwood flooring, floor to ceiling windows, slab granite countertops, stainless appliances, gas heat and air conditioning. Homes range from Studios, 1-bedrooms, 2-bedrooms and penthouses from 420 to 2800 square feet.

195 (not including commercial) Year Built

2005 Total Stories

23 (no 13th floor, + rooftop terrace) Listing History, Past 12 Months

(From 2/1/12 to 1/31/13) Total # of Units Listed: 23 (units that were relisted after coming off the market are counted as one) Total # of Unit Sales: 15 (plus zero sold subject to inspection, zero pending sales) Currently Active on Market: 4 (as of 02/10/13)

Sales History, Past 12 Months

Average-Unit Orig. List Price: $487,160 Average-Unit Sale Price: $457,333 List / Sold Price Ratio: 93.9% Average Market Time: 26 days amenities

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


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 $519,537 Sold $492,187

List $614,819 Sold $585,902

List $249,514 Sold $244,763

List $399,827 Sold $374,099

List $267,084 Sold $260,996

List $319,746 Sold $316,742

0.05% Variance

4.7% Variance

0.01% Variance

6.4% Variance

2.28% Variance

0.9% Variance

Sold Listings

Sold Listings

Sold Listings

19

24

24

24

22

25

26.3% Change

-9.1% Change

4.00% Change

Average $ / SF

Average $ / SF

Average $ / SF

$435 $539

$290 $329

$290 $351

January 2012

+23.9% Change

2013

January 2012

+13.45% Change

+21.03% Change

2013

January 2012

2013

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

Downtown Seattle $585,902 (4.7 %)

$700K $600K

Queen Anne $374,099 (6.4%)

$500K $400K

Capitol Hill / Eastlake $316,742 (0.9%)

$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 J

2012 Downtown Seattle

move into the current 206.910.5000 www.stroupe.com

2013 Queen Anne

Capitol Hill/Eastlake


listings

sold listings last month Downtown Seattle Address Unit

SF

$ / SF

Bed

Bath

Age List Price Sold Price

2200 Westlake 910 Lenora St 404 610 451 1 1 7 $ 275,000 $ 900 Lenora St W-702 513 487 0 1 7 $ 268,000 $

275,000 250,000

Belltown Court 2415 2nd Ave 744 1,033 310 2 2 19 $ 330,000 $ 2414 1st Ave 521 778 347 2 1 19 $ 257,500 $

320,000 270,000

Escala 1920 4th Ave 2904 2,442 747 3 2.5 4 $ 1,824,000 $ 1,824,000 1920 4th Ave 511 1,607 410 2 2 4 $ 659,000 $ 659,000 Olive 8 737 Olive Way 3002 1,586 646 2 2 4 $ 1,045,000 $ 1,025,000 737 Olive Way 3405 1,350 659 2 2 4 $ 895,000 $ 890,000 737 Olive Way 3807 834 725 1 1.5 4 $ 605,000 $ 605,000 737 Olive Way 2801 689 689 1 1 4 $ 495,000 $ 475,000 Other Properties 1521 2nd Ave 2000 1,824 932 2 1.75 5 $ 1,900,000 $ 1,700,000 99 Union St 1605 1,329 1,053 1 1.5 5 $ 1,468,000 $ 1,400,000 2600 2nd Ave 2401 3,194 376 3 3.5 20 $ 1,550,000 $ 1,200,000 2033 2nd Ave 1406 701 569 1 1 8 $ 399,000 $ 399,000 2100 3rd Ave 1905 1,323 278 2 1.75 40 $ 389,000 $ 368,000 2125 1st Ave 903 820 432 1 1 32 $ 359,000 $ 354,000 1415 2nd Ave 1905 602 547 1 1 22 $ 329,000 $ 329,000 1107 1st Ave 808 792 379 1 1 30 $ 335,000 $ 300,000 2607 Western Ave 658 741 399 1 1 11 $ 299,800 $ 295,500 2911 2nd Ave 708 603 452 1 1 4 $ 272,500 $ 272,500 668 Lane St S 514 855 298 2 2 11 $ 259,000 $ 255,000 2015 Terry Ave 303 667 345 0 1 9 $ 201,900 $ 230,000 66 Bell St 55 594 353 1 1 13 $ 209,950 $ 209,650 2504 Western Ave 524 612 255 1 1 15 $ 130,000 $ 156,000


listings

sold listings last month Queen Anne Address Unit

111 W Highland Dr 501 Roy St 100 Ward St 1415 6th Ave N 17 W Mercer St 1430 1st Ave N 1605 5th Ave N 1417 Queen Anne Ave N 1400 2nd Ave N 2565 Dexter Ave N 500 W Roy St 626 4th Ave W 140 15th Ave W 201 Galer St 415 W Mercer St 2221 Gilman Dr W 2219 14th Ave W 123 Queen Anne Ave N 2244 13th Ave W 559 McGraw St 2145 Dexter Ave N 500 ElliottAve W

4-W C-217 505 501 8 2 501 308 294 405 W-106 303 307 215 202 403 405 209 102 103 103 411

SF

2,592 2,120 1,275 1,261 1,500 1,087 1,275 1,087 1,000 1,882 1,071 679 572 681 926 1,076 1,805 458 586 757 851 508

$ / SF

Bed

Bath

579 315 510 460 317 370 307 351 378 189 324 390 446 367 227 186 95 360 265 205 171 256

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

2.75 2.75 1.75 2 2.25 1.75 1.75 2 1.5 1.75 2 1.75 1 1 1 1 1.5 1 1 1 1 1

Age List Price Sold Price

39 6 43 11 11 24 43 17 58 38 31 17 93 105 50 36 35 13 23 18 28 13

$ 1,895,000 $ 699,000 $ 658,000 $ 598,000 $ 445,000 $ 409,990 $ 400,000 $ 385,000 $ 389,000 $ 365,000 $ 375,000 $ 279,900 $ 249,950 $ 250,000 $ 219,000 $ 219,900 $ 189,000 $ 165,000 $ 160,000 $ 179,950 $ 145,000 $ 119,500

$ 1,500,000 $ 667,350 $ 650,000 $ 580,000 $ 476,000 $ 402,500 $ 391,000 $ 381,000 $ 378,000 $ 355,000 $ 347,000 $ 265,000 $ 255,000 $ 250,000 $ 210,000 $ 199,900 $ 171,717 $ 165,000 $ 155,000 $ 155,000 $ 145,700 $ 130,000

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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

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move into the current 206.910.5000 www.stroupe.com


listings

sold listings last month Capitol Hill / Eastlake Address Unit

1310 E Union St 402 317 14th Ave E C 1101 Seneca 1402 2328 10th Ave E 304 1926 Fairview Ave E 309 1420 Terry Ave 1704 1805 Bellevue Ave 303 1805 Bellevue Ave 204 2348 Fairview Ave E 101 303 13th Ave E 101 303 E Pike St 511 827 Hiawatha Place S 104 3226 Fuhrman Ave E 103 321 Boylston Ave E 307 103 Bellevue Ave E 204 827 Hiawatha Place S 401 1105 Spring St 1210 421 10th Ave E A 1414 12th Ave 204 530 Melrose Ave E 608 1607 15th Ave LW-5 1610 14th Ave** LW-4 116 17th Ave F 103 Bellevue Ave E 403 1105 Spring St 309 905 Cherry St 306

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

SF

1,702 1,656 1,586 1,222 1,392 750 1,100 1,039 1,054 1,073 796 1,064 730 589 609 858 640 661 488 685 574 552 1,003 425 530 311

$ / SF

Bed

Bath

498 468 331 327 279 505 324 332 324 308 415 282 363 428 402 280 352 340 415 292 287 299 160 365 289 370

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

1.75 3 2 1.75 2 1 1.75 1.75 1 1.75 1 2 1 1 1 1 1 1 1 1.75 1 0 1 1 1 1

Age List Price Sold Price

12 4 33 85 23 11 18 18 35 33 15 3 85 88 9 3 63 90 6 22 8 8 31 9 26 44

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

862,800 775,000 565,000 399,000 399,000 379,000 347,500 334,900 349,900 325,000 339,000 299,900 269,888 245,000 250,000 239,900 200,000 225,000 219,000 204,000 149,950 179,000 150,000 165,000 160,000 139,900

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

847,000 775,000 525,000 399,000 389,000 379,000 356,000 345,000 341,000 330,000 330,000 300,000 265,000 252,150 245,000 239,900 225,000 225,000 202,500 200,000 165,000 164,900 160,000 155,000 153,000 115,000


featured listing

beautiful unit / privilege lifestyle Bright and beautiful one bedroom unit in the award winning Cristalla

View more Photos and Details

Enjoy outstanding city views from this well-planned one bedroom unit with officeden. This bright unit features a cook’s kitchen with gas cooking, stainless steel appliances and slab granite counter tops. Nicely appointed with built in cabinets/ shelves, wood floors, fireplace and air conditioning. Secure parking and storage. 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. Great location. Close to the market and retail core. Schedule a Showing

Property Details

Address

size

2033 2nd Avenue, #708

606 SF (per King Co. Tax Records)

price

$399,000 bedrooms

Taxes

bathrooms

$2,754 / year (Tax Year of 2012)

parking

1 space (secured) year built

2005

move into the current 206.910.5000 www.stroupe.com

$344/ month

1 1

View the Cristalla Profile

HOD

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.


featured in our next edition‌

View the Ellington Building Profile

the ellington Address

amenities

2801 1st Avenue

24/7 Concierge, Outdoor Hot Tub, Two Guest Suite, Conference Room, Club Room, Fitness Center, Patio terrace.

Total # of Units

209 (including commercial) Year Built

2000

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.


Stroupe Scoop February 2013