What’s the Market Like?
April 9, 2010 by Stroupe Group
Filed under Downtown (MLS Area 701), Featured, National, Puget Sound Region
Almost all newspapers across the country referenced increases in home sales on the front page over the last few days. However, all stories have been careful to recognize if the market has in fact hit bottom or not.
The Multiple Listing Service reports the first quarter of 2009 to have 52 sales. The first quarter of 2010 reports 103. Loan applications have also been reported to be on the rise in addition to a slight increase in the median price of homes in King County. Most of the activity is of course hypothesized to come from expected increases in interest rates, and the expiration of the homebuyer tax credit.
King County house prices post year-over-year rise for first time in 2 years (article):
Tim Ellis, who edits the real-estate blog Seattlebubble.com, said in an e-mail that he expects Seattle-area sales to continue to rise through May, then plateau and maybe drop in the summer and autumn after the tax credits expire.
We’re of course optimistic in that housing sales will continue, and agree with Tim that prices will continue to be flat.
King County Weekly Condo Sales Ratios for February 17th, 2010
February 19, 2010 by James
Filed under Downtown (MLS Area 701), Weekly Sales Ratios
Condo Only, NWMLS Area 701 (Belltown & Downtown Seattle)
Active Listings and Pending Sales by NWMLS Area 701
The Four Seasons Makes Substantial Price Reductions
February 19, 2010 by James
Filed under 4Seasons, Downtown (MLS Area 701), Featured, MARKET TRENDS
More and more new construction projects have been slashing prices and looking to unload any remaining inventory as quickly as possible. It appears that the Four Seasons has joined this new trend and has released new pricing today.
The Four Seasons has sold 23 of 36 homes since completing construction a little over a year ago, and is now reducing prices as much as 47 percent. With an original price tag of $2,098 per square foot, the new pricing has brought the average down to $1,464 per square foot (remove the two massive penthouses from the average and the price per square foot is even less).
Here’s a summary on new prices:
|
Unit
|
Old Price
|
New Price
|
|---|---|---|
| 1505 | $2,412,000 | $1,475,000 |
| 1605 | $2,517,000 | $1,525,000 |
| 1104 | $4,522,000 | $2,440,000 |
| 1404 | $4,652,000 | $2,490,000 |
| 1206 | $4,815,000 | $3,013,000 |
| 1702 | $3,420,000 | $2,670,000 |
| 1804 | $4,820,000 | $2,555,000 |
| 1204 | $6,501,000 | $3,705,000 |
| 1101 | $8,659,000 | $6,120,000 |
| 1501 | $8,706,000 | $6,306,000 |
| 1801 | $9,778,000 | $7,155,000 |
| 1902 | $8,520,000 | $7,845,000 |
| 200 | $10,819,150 | $8,650,000 |
King County Weekly Condo Sales Ratios for February 10th, 2010
February 12, 2010 by James
Filed under Downtown (MLS Area 701), Weekly Sales Ratios
Condo Only, NWMLS Area 701 (Belltown & Downtown Seattle)
Active Listings and Pending Sales by NWMLS Area 701
King County Weekly Condo Sales Ratios for February 3rd, 2010
February 5, 2010 by James
Filed under Downtown (MLS Area 701), Weekly Sales Ratios
Condo Only, NWMLS Area 701 (Belltown & Downtown Seattle)
Active Listings and Pending Sales by NWMLS Area 701
King County Weekly Condo Sales Ratios for January 27th, 2010
January 29, 2010 by James
Filed under Downtown (MLS Area 701), Weekly Sales Ratios
Condo Only, NWMLS Area 701 (Belltown & Downtown Seattle)
Active Listings and Pending Sales by NWMLS Area 701
King County Weekly Condo Sales Ratios for January 20th, 2010
January 20, 2010 by James
Filed under Downtown (MLS Area 701), Weekly Sales Ratios
Condo Only, NWMLS Area 701 (Belltown & Downtown Seattle)
Active Listings and Pending Sales by NWMLS Area 701
King County Weekly Condo Sales Ratios for January 13th, 2010
January 13, 2010 by James
Filed under Downtown (MLS Area 701), Weekly Sales Ratios
Condo Only, NWMLS Area 701 (Belltown & Downtown Seattle)
Active Listings and Pending Sales by NWMLS Area 701
Bullish About 2010? Matrix Drums Up Half by the 12th Day
January 12, 2010 by James
Filed under Downtown (MLS Area 701), Featured, Selling
We are curious to see how the downtown market is starting off for 2010. Since the beginning of the year, a high number has come up for new listings. However, almost half of the 57 (-3) units is just Williams and MCM hacking into the MLS to update their new company’s name.
Unfortunately many are still left feeling bad for being responsible while not losing a tremendous amount of net worth in home value. Buyers are snatching up the flipped floorplan of the same unit next door for sometimes half the price.
Economists are still throwing dust in the wind to predict what the market is going to be like for 2010, but there certainly are not as many running for cover. The argument today seems to be mostly focused on opinions regarding Escala’s lobby.
At any rate, here’s what’s hitting the market for the beginnng of 2010 and at what price… (*does not include pendings or price adjustments)
Alexandria – 0B/1B, 450 Sq. Ft. $174,950
Bellora – 0B/1B, 516 Sq. Ft. $189,000
Marselle – 0B/1B, 376 Sq. Ft. $199,990
Marselle – 0B/1B, 556 Sq. Ft. $214,990
Matae – 0B/1B, 452 Sq. Ft. $219,000
Marselle – 0B/1B, 562 Sq. Ft. $219,000
Marselle – 1B/1B, 744 Sq. Ft. $249,000
Marselle – 1B/1B, 781 Sq. Ft. $259,990
Marselle – 1B/1.5B, 836 Sq. Ft. $259,990
Marselle – 1B/1.5B, 836 Sq. Ft. $259,990
Marselle – 1B/1.5B, 842 Sq. Ft. $264,990
Marselle – 1B/1B, 781 Sq. Ft. $269,990
Marselle – 1B/1B, 706 Sq. Ft. $269,990
Veer Lofts – 1B/1B, 703 Sq. Ft. $274,500
Veer Lofts – 1B/1B, 640 Sq. Ft. $282,500
Concord – 0B/1B, 580 Sq. Ft. $285,000
Marselle – 1B/1.5B, 846 Sq. Ft. $299,990
Marselle – 1B/1B, 956 Sq. Ft. $299,990
Cosmopolitan – 1B/1B, n/a Sq. Ft. $300,000
Arbor Place – 1B/1B, 675 Sq. Ft. $315,000
Marselle – 1B/1B, 956 Sq. Ft. $324,990
Belltown Lofts – 1B/1B, 889 Sq. Ft. $349,000
Veer Lofts – 1B/1.5B, 810 Sq. Ft. $349,500
Klee – 1B/1B, 721 Sq. Ft. $355,000
Vine – 1B/1.5B, 1022 Sq. Ft. $375,000
Marselle – 2B/2B, 1217 Sq. Ft. $279,000
Marselle – 2B/2B, 1058 Sq. Ft. $389,990
Marselle – 2B/2B, 1251 Sq. Ft. $399,990
Veer Lofts – 1B/1.5B, 909 Sq. Ft. $409,500
Trio – 1B/1B, n/a Sq. Ft. $414,950
Veer Lofts – 1B/1.5B, 1005 Sq. Ft. $429,500
Royal Crest – 2B/1.75B, 1323 Sq. Ft. $439,950
Cosmopolitan – 2B/2B, 1186 Sq. Ft. $446,738
Parc – 1B/1B, 775 Sq. Ft. $465,000
Market Court – 1B/1.5B, 1015 Sq. Ft. $469,000
Florentine – 1B/1.75B, 1437 Sq. Ft. $484,950
Post Mews – 1B/1B, 1913 Sq. Ft. $499,900
Merrill Place – 1B/1.5B, 1271 Sq. Ft. $544,000
Waterfront Landings – 2B/1.75B, 1116 Sq. Ft. $549,000
Bay Vista Tower – 2B/2B, 1371 Sq. Ft. $585,000
Cosmopolitan – 2B/2B, 1316 Sq. Ft. $695,000
Cosmopolitan – 2B/1.75B, 1324 Sq. Ft. $695,000
One Pacific Tower – 2B/2B, 1523 Sq. Ft. $695,000
Enso – 2B/2B, 1129 Sq. Ft. $715,000
Continental Place – 1B/1B, 842 Sq. Ft. $750,000
Market Place North – 1B/1.5B, 1288 Sq. Ft. $879,000
One Pacific Tower – 2B/2B, 1523 Sq. Ft. $1,000,000
Enso – 2B/2.5B, 1556 Sq. Ft. $1,025,000
1521 Second – 2B/1.75B, 1968 Sq. Ft. $1,125,000
1521 Second – 2B/1.75B, 1644 Sq. Ft. $1,125,000
Enso – 2B/2B, 1892 Sq. Ft. $1,295,000
Madison Tower – 3B/2.5B, 3010 Sq. Ft. $4,995,000
King County Weekly Condo Sales Ratios for December 23rd, 2009
December 28, 2009 by James
Filed under Downtown (MLS Area 701), Weekly Sales Ratios
Condo Only, NWMLS Area 701 (Belltown & Downtown Seattle)
Active Listings and Pending Sales by NWMLS Area 701
