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September 2014

August 2014

Condos Great for Your Pooch! - Seattle Condominiums with Dog Friendly Amenities

If you are looking for a condominium in Seattle but need one specific amenity or another, we know it can be hard to locate that information. We are writing a series of articles that each feature a different condo amenity that will help make it easier for you to narrow in on buildings that contain the key condo building feature most important to you.

This article is going to highlight buildings that have done a great job to be extra doggie friendly by adding amenities such as piddle patches, also known as the “relief area”, a dog run where dogs can play off leash in a secure area, or dog washing stations. If you have a 4 legged friend, one of these buildings might be the one for you!

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Condo Sales Spotlight – The Cosmopolitan

With so much construction activity in the South Lake Union, Denny Triangle, and the Downtown condo core, we wanted to highlight the sales in some of the buildings with the higher amounts of new listing and sold activity in the past few months.  This month we’ll recap the Cosmopolitan in Downtown.

Cosmo 2The breakdown of sold condos:

  • 9 condos sold in the last 180 days
  • Average sold price: $471,500
  • Average square footage: 948
  • Average price/square foot: $494
  • Average days on market: 17

Sold 1 bedroom breakdown

  • 5 one bedrooms were sold in the last 180 days
  • Average sold price: $423,400
  • Average square footage: 859
  • Average price/square foot: $492
  • Average days on market: 9

Sold 2 bedroom breakdown

  • 3 two bedrooms were sold in the last 180 days
  • Average sold price: $643,333
  • Average square footage: 1,273
  • Average price/square foot: $505
  • Average days on market: 14

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June 2014 Seattle Condo Stats

With 2014 half over, I wanted to recap our June condo numbers here in Seattle. 

On a city wide basis, the number of condo sales is up both on a month over month basis throughout this year, as well as year over year compared to same time periods in 2013.  We are also seeing a trend finally starting to show the number of listings increasing. 

However because our Seattle condo market is so hyper local, this means that each neighborhood will have it's own set of specific numbers for sales, prices and listings.

As in the past, we have broken them down between the four areas with the largest concentration of condominiums and those are Capitol Hill (known as area 390 in our MLS),  Downtown/Belltown (srea 701) Queen Anne/Magnolia (area 700),  and Ballard/Fremont (area 705).

Overall, the condo market in Seattle is still favoring sellers due to the lower level of inventory in most of our condo neighborhoods but Belltown/Downtown did curiously take a small dip in average sale prices in June and is also slightly lower on it's year-over-year prices compared to 2013, where most other areas saw an increase during those same time frames.  My suspicion is the widespread active construction of several new buildings in Belltown, Denny Triangle and South Lake Union may have put a bit of a concern in buyers minds with likely view obstructions coming.  There have also been several new projects announced in the last couple of months in the same areas.   As these buildings come out of the ground it becomes more apparent where loss of views will be happening, and frankly it's affecting quite a few of our condo buildings in one way or another.  As time goes on, I feel this will be less of factor once all the buildings are completed and people know what their views actually are, but in the meantime, it's the "unknown" that can slow things down for buyers sometimes.   


SCR Market Chart (June 2014)_Page_1
SCR Market Chart (June 2014)_Page_2

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