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m a r c h 2 0 1 4 E D I T I O N | S A L E S STATS F O R fe b r ua ry 2 0 1 4

View The Montreaux Profile

inside this issue

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

condo scoop

Seattle area Trends & Prices

Downtown Seattle, Queen Anne & Capitol Hill / Eastlake

07

Featured Listing Urban Loft in Belltown

206.910.5000 www.stroupe.com

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featured building

the montreaux european flavor

Building Facts & Stats

Address

425 Vine Street neighborhood

Belltown Total # of Units

132 (not including commercial) View The Montreaux Profile

Year Built

1999 Built with a touch of European style, The Montreux was completed in 1999 by developer Christopher Koh of Coho Real Estate. Recognizing that Seattle’s downtown community was lacking buildings with character and charm, Koh’s vision of exceptionally affordable condos with timeless appeal came to fruition through design collaboration with John Boileau Architects and Dianne Shapard Interior Design. Together, they paid special attention to European architecture theme and details as well as creating an energy efficient, environmentally sound building. The 7 story building is comprised of 132 units, ranging from 300+ sq. ft. studios to 700+ sq. ft. 2 bedroom units and lofts. Features of the building include fitness center, club room, roof-top deck with expansive view of Elliott Bay, Lake Union and downtown, controlled access to building and parking, onsite building manager, and CAT-5 cable to the building. The Montreux is a great pied-a-terre, close to everything that downtown has to offer.

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Total Stories

7 Listing History, Past 12 Months

(From 3/1/13 to 2/28/14) Total # of Units Listed: 9 (units that were relisted after coming off the market are counted as one) Total # of Unit Sales: 8 (plus zero sold subject to inspection, zero pending sales) Currently Active on Market: 0 (as of 3/5/14)

Sales History, Past 12 Months

Average-Unit Orig. List Price: $180,637 Average-Unit Sale Price: $171,613 List / Sold Price Ratio: 95.9% Average-Sold Price per sq/ft: $403.50 Average Market Time: 47 days amenities

Club Room, Fitness Center, Terrace (rooftop), A/C (common spaces), Secured Parking (assigned and permit)


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

2013

2014

2013

2014

2013

2014

List $608,403 Sold $606,435

List $798,424 Sold $785,418

List $290,212 Sold $285,475

List $415,239 Sold $407,197

List $284,342 Sold $281,322

List $342,940 Sold $342,293

-0.32% Variance

-1.63% Variance

-1.63% Variance

-1.94% Variance

-1.06% Variance

-0.19% Variance

Sold Listings

Sold Listings

Sold Listings

30

20

38

37

18

29

23.3% Change

-10.00% Change

23.68% Change

Average $ / SF

Average $ / SF

Average $ / SF

$541 $647

$308 $376

$348 $404

February

19.6% Change

2013

February

22.08% Change

2014

2013

February

16.09% Change

2014

2013

2014

AVERAGE SOLD PRICES FOR THE PAST 12 MONTHS, january 2013 – january 2014

$800K $700K

Downtown Seattle

$600K Queen Anne

$500K $400K

Capitol Hill / Eastlake

$300K Figures reflect the average — not median — sold price for the last 12 months; large fluctuations in the average price of listings may be due to a few exceptionally priced sales affecting the overall average.

$200K

F M A M

J

J A

S

O

N

D

J

2013 Downtown Seattle

F 2014

Queen Anne

Capitol Hill/Eastlake

move into the current 206.910.5000 www.stroupe.com

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listings

sold listings last month Downtown Seattle Address Unit

1521 2nd Avenue 1521 2nd Ave 1521 2nd Ave 1521 2nd Ave

SF

$ / SF

Bed

Bath

Age List Price Sold Price

3701 2,260 973 2 1.75 6 $ 2,295,000 $ 2,200,000 1800 1,824 1,086 2 1.75 6 $ 1,980,000 $ 1,980,000 1900 1,644 1,168 2 1.75 6 $ 1,920,000 $ 1,920,000

Enso 820 Blanchard St 1610 886 542 1 1 5 $ 507,000 $ 820 Blanchard St 808 790 587 1 0.75 5 $ 460,000 $

480,000 464,000

Escala 1920 4th Ave 2702 1,878 813 2 2.5 5 $ 1,549,000 $ 1920 4th Ave 2602 1,878 799 2 2.5 5 $ 1,524,000 $ 1920 4th Ave 2805 1,878 666 2 2.5 5 $ 1,250,000 $ 1920 4th Ave 2407 1,878 599 2 2.5 5 $ 1,124,000 $ 1920 4th Ave 2108 1,607 640 2 2 5 $ 1,029,000 $ 1920 4th Ave 1911 1,607 637 2 2 5 $ 1,024,000 $ 1920 4th Ave 602 1,607 526 2 2 5 $ 875,000 $ 1920 4th Ave 910 910 581 1 1.5 5 $ 539,000 $ 1920 4th Ave 707 952 587 1 1.5 5 $ 559,000 $

1,527,500 1,500,000 1,250,000 1,124,000 1,029,000 1,024,000 845,000 529,000 559,000

Market Place North 88 Virginia St 88 Virginia St

31 1,237 635 2 2 32 $ 825,000 $ 33 1,328 591 2 1.5 32 $ 799,000 $

785,000 785,000

Olive 8 737 Olive Wy 1905 1,350 574 2 2 5 $ 799,000 $ 737 Olive Wy 2906 808 668 1 1 5 $ 550,000 $ 737 Olive Wy 2604 680 721 1 1 5 $ 500,000 $

775,000 540,000 490,000

Vine 2607 Western Ave 356 1,025 366 1 1.5 12 $ 375,000 $ 2607 Western Ave 258 482 432 1 1 12 $ 229,900 $

375,000 208,000

Other Properties 2720 3rd Ave PH-02 2,000 913 2 2.25 6 $ 1,895,000 $ 1,825,000 2000 1st Ave 1602 1,909 707 3 2.5 20 $ 1,425,000 $ 1,350,000 2125 1st Ave 1506 1,233 596 2 2 33 $ 749,000 $ 735,000 819 Virginia St 1102 1,324 446 2 1.75 7 $ 550,000 $ 590,000 909 5th Ave 1404 1,208 464 1 1.25 6 $ 600,000 $ 560,000 1415 2nd Ave 1010 713 617 1 0.75 23 $ 440,000 $ 440,000 2600 2nd Ave 316 1,110 387 2 2.5 21 $ 429,950 $ 429,950 5261st Ave S 327 1,644 249 2 1.75 105 $ 425,000 $ 410,000 2030 Western Ave 504 780 519 1 1 25 $ 405,000 $ 405,000 2415 2nd Ave 409 916 437 2 1.75 20 $ 350,000 $ 400,000 121 Vine St 1207 855 418 1 1 25 $ 360,000 $ 357,000 2721 1st Ave 203 725 455 1 1 9 $ 325,000 $ 330,000 401 9th Ave 508 633 458 0 1 5 $ 300,000 $ 290,000 3104 Western Ave 517 507 430 1 1 6 $ 229,950 $ 218,000 699 John St 403 376 521 0 1 5 $ 199,999 $ 196,000 3028 Western Ave 302 450 300 0 1 23 $ 144,900 $ 135,000

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listings

sold listings last month queen anne Address Unit

507 W Olympic Place B 100 W Highland Dr 410 415 W Mercer St 1002 1401 5th Ave W 212 900 Aurora Ave N S-601 501 Roy St C-219 530 4th Ave W 404 801 2nd Ave N 101 524 6th Av Pl W 308 201 Galer St 223 3636 14th Ave W 101 1758 Dexter Ave N 4 501 Roy St F-235 520 2nd Ave W 211 2716 Elliott Ave 306 501 Roy St R-202 762 Hayes St 27 524 6th Ave W 106

SF

2,060 1,514 1,881 1,512 1,479 1,034 908 1,057 920 931 1,145 1,144 743 598 625 563 861 500

$ / SF

Bed

Bath

403 548 380 423 367 363 406 335 375 354 269 246 375 400 379 394 252 430

2 2 2 1 2 2 2 2 2 1 2 2 1 1 1 0 2 1

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

Age List Price Sold Price

7 93 51 94 15 7 11 20 17 106 28 52 7 22 11 7 37 17

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

899,000 849,000 749,000 699,950 525,000 359,000 359,000 359,000 344,950 345,000 308,000 275,000 279,500 239,000 249,000 212,900 207,000 215,000

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

830,000 830,000 715,000 640,000 543,500 375,000 369,000 354,000 344,950 330,000 308,000 281,003 278,750 239,000 237,000 222,000 217,350 215,000

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.

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listings

sold listings last month Capitol Hill / Eastlake Address Unit

613 E Highland Dr 414 13th Ave E 1301 Spring St 745 Bellevue Ave E 201 E Boston St 1711 E Olive Wy 1301 Spring St 732 11th Ave E 1414 12th Ave 601 Belmont Ave E 1810 E Republican St 131 Bellevue Ave 721 Boylston Ave E 131 Bellevue Ave E 1550 Eastlake Ave E 923 15th Ave 630 13th Ave E 400 Boylston Ave E 1111 4th Ave E 1111 15th Ave 1420 Terry Ave 752 Bellevue Ave E 1221 Minor Ave 400 Boylston Ave E 1620 Belmont Ave 1400 Hubbell Place 2810 16th Ave S 1107 E Denny Wy 10 E Roanoke

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4 PH-1 13-A 205 1200 214 8-E 401 318 D-9 4 305 105 303 201 3 7 404 8 7 1007 312 306 211 230 605 305 D-3 23

SF

2,114 1,823 1,185 1,151 1,178 970 845 947 822 806 950 1,065 690 848 763 842 691 608 688 640 622 448 631 515 510 447 682 502 598

$ / SF

Bed

Bath

390 329 493 452 371 421 477 422 482 475 368 325 478 389 410 368 441 479 420 450 458 547 380 431 392 437 264 292 173

3 4 2 2 2 2 1 2 1 1 2 2 1 2 1 2 2 1 1 1 1 1 1 1 0 1 1 0 0

2.5 2 1.75 1.75 1.75 2 1.5 1 1 1 1 2 1 1.75 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0

Age List Price Sold Price

30 45 32 8 25 8 32 45 6 44 100 28 84 28 17 30 55 83 85 31 12 58 54 83 13 57 84 105 28

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

824,950 599,950 599,000 519,500 444,000 409,000 399,000 415,000 389,000 390,000 349,000 335,000 299,900 325,000 319,500 310,000 319,000 275,000 282,000 288,000 285,000 258,000 239,950 225,000 205,000 199,000 180,000 146,500 115,000

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

824,950 600,000 584,000 520,000 437,500 408,500 403,100 400,000 396,500 383,000 350,000 346,000 330,000 330,000 312,500 310,000 305,000 291,000 289,000 288,000 285,000 245,000 239,950 222,000 200,000 195,500 180,000 146,500 103,500


featured listing

urban loft in belltown OPEN URBAN LOFT WITH NICE VIEWS

View more Photos and Details

Open loft plan in the desirable north tower of the Klee with its quiet concrete & steel construction. Enjoy views of the city & sound. French doors open to the large private balcony. Large kitchen, new carpet, tall ceilings, secured parking & storage. Located near Olympic Sculpture Park, Pike Place Market, awesome restaurants, shops, and entertainment. Amenities include fitness center, media room, business center, concierge/manager and clubroom with serene BBQ patio. Very well managed building. Schedule a Showing

Property Details

Address

size

2717 Western Avenue, #7014

720 SF (per King Co. Tax Records)

price

$345,000 bedrooms

HOD

$340/ month

1

Taxes

bathrooms

$2,366 / year (Tax Year of 2013)

1.0 parking

1 space (Secured, Permitted) year built

2001

building features

Club Room (full kitchen), Fitness Center, Terrace (Rooftop), Secured Parking (assigned & permit)

View The Klee Profile

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featured in our next edition‌

View the Olive 8 Profile

Olive 8 luxury at every level Address

737 Olive Way Total # of Units

229 Year Built

2009

amenities

Concierge (full time), Spa Services (Hotel), Guest Suites (Hotel), Hotel (part of complex), Pool (indoor), Hot tub (indoor), Sauna, Steam room, Conference Room (Hotel), Club Room (full kitchen), Fitness Center (Hotel), Yoga / Flex room (Hotel), Dog area, Terrace (patio), A/C (entire building), Secured Parking (assigned)

206.910.5000

|

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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.

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Stroupe Scoop March 2014  

Featuring the expansive views and European style architecture of the Montreux and the centrally located open loft at the Klee.