Ruby Closing In on Finish Line with more than 70% Sold
Ruby has been making a strong push towards the finish line with recent price reductions. The 52-unit Eastlake project is now 70% sold since opening in February 2009. With less than 15 units remaining, all homes (1B/1B) are being offered for under $300k and range from 801 to 934 square feet. Most units feature pretty nice views of Lake Union and Gas Works Park. Some unique features about Ruby include their unique location on the east side of Lake Union and a green roof above the first floor’s street level retail space. Speaking of which, the retail space has already been leased to a sushi restaurant, a wine and cheese store, insurance provider, cosmetic dentist, and naturalistic doctor–all of which have Seattle written all over it.
Ruby is open Sat-Wed, from 11AM to 6PM or by appointment. Project is FHA and VA approved.
Solds & Pendings for March *BONUS = Price Reductions
March 23, 2009 by James
Filed under Downtown (MLS Area 701), Gallery, Ruby
Believe it or not, MLS reported 40 sales for downtown in December 2008! January showed 16, and February a measly 11 sales. We’ve been so busy over the last couple of weeks we haven’t had much time to post, so we thought we’d run the numbers and see how this month is going so far. It looks like sales have picked up, but not quite as high as December.
Here are the numbers as of today:
SOLD:
| Building |
Unit #
|
Orig. List Price
|
Sale Price
|
DOM
|
|---|---|---|---|---|
| Fifteen Twenty-One |
#1603
|
$1,450,000
|
$1,335,000
|
30
|
| Newmark |
#1604
|
$459,950
|
$459,950
|
18
|
| Site 17 |
#503
|
$479,950
|
$450,000
|
296
|
| 5th & Madison |
#502
|
$475,000
|
$450,000
|
212
|
| Bellora |
#402
|
$429,950
|
$425,000
|
154
|
| Gallery |
#516
|
$342,100
|
$342,100
|
N/A
|
| Cosmopolitan |
#2007
|
$355,000
|
$330,000
|
537
|
| Gallery |
#315
|
$295,000
|
$295,000
|
N/A
|
| Montreux |
#316
|
$275,000
|
$263,500
|
231
|
Pending:
Note: Pendings do not show offered/accepted price until after closing
| Building |
Unit #
|
Orig. List Price
|
DOM
|
|---|---|---|---|
| One Pacific Tower |
#2502
|
$1,690,000
|
161
|
| Concord Condominiums |
#900
|
$875,000
|
22
|
| Parc |
#1308
|
$599,000
|
33
|
| Post Mews |
#7
|
$529,000
|
319
|
| Arbor Place Tower |
#1503
|
$460,000
|
151
|
| Trio |
#403
|
$459,950
|
135
|
| Parc |
#609
|
$439,000
|
39
|
| 80 S. Jackson |
#203
|
$419,500
|
409
|
| Trio |
#103
|
$374,950
|
184
|
| Klee |
#332
|
$320,000
|
139
|
| Trio |
#611
|
$289,950
|
N/A
|
| The Vine |
#313
|
$289,900
|
16
|
| The Vine |
#406
|
$349,950
|
56
|
| Seattle Heights |
#219
|
$218,000
|
92
|
| Parc |
#PH11
|
$809,000
|
N/A
|
BONUS
Matt Goyer did an excellent job covering quite a few price reductions.
This post gives some examples of what prices were, and are now for not only Gallery but also Brix, Leona, and Ruby.
This post isn’t necessarily about a price reduction, but it does show this extremely rare and unique listing at The Lofts original purchase price and current listed price. Definately a steal!!! (that’s 3 explanation points).
This post shows some recent marketing materials that have been sent out offering a list of benefits if you buy at ENSO before May 22nd.
Lumen next to auction off remaining inventory
Matt has reported about several auctions in the Capitol Hill neighborhood, and asked visitors about the auction at Queen Anne High School….
Queen Anne High auction results: Everything sold
Wow! Matt has visitor comments about attending the auction. His observations seemed to be right on point. He also has a video of some news coverage that discusses how the auction may be a good indicator of what it will take to get buyers off the fence.
Great coverage Matt. Link bait city!
