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June 7, 2015 - June 13, 2015

Luma Sales Update

Luma, the new construction condominium tower on First Hill, had their opening sales event on June 1st and have now released the sales information from that event.

From the Sales Team:

  • Luma buyers purchased over $12,000,000 in homes on June 1st
  • “Buyers selected homes from all sizes and locations in the building which means we have all types and price ranges still available” - Julie McAvoy, Director of Sales at Luma
  • They sold out of the open one bedroom plans (there were 3) that were under $400k

From what we can gather from the website:

  • They had 16 sales during the sales event
  • 7 of those sales were on floors 2 through 5
  • No sales were on floors 6-15
  • The remaining 9 sales were on or above the 16th floor
  • 2 penthouses were sold - both north facing
  • 11 of the sales were 1 beds and 5 were 2 bedrooms
  • 3 of the units sold had the large patio spaces

Based on the information above, it seems like the smaller and likely more affordable one bedroom units on the lower floors were the most popular sell at the event. Then the rest of the sales were on the higher floors, likely due to buyers wanting to pick up views and overall outlook and light. All but one of the 2 bedrooms sold were on the higher floors.

By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.

This Week's High and Low and Everything in Between

Each week we are going to highlight the highest priced condo and lowest priced condo to sell in Seattle during the previous week, not including distressed (bank owned or short sale) properties. We will also give you the averages for everything in between that sold in Seattle that week.

Here is the high, the low and everything in between for the week of June 1st through the 7th.

The High:

#101 at Harbour House – 302 Lakeside Ave S in Leschi
High 6.1.15

  • List Price: $1,695,000
  • Sold Price: $1,615,000
  • 2bd 2ba
  • 2,409 square feet
  • Price/Sq Ft: $670.40
  • Built 1986
  • Days on market: 86

The Low:

#111 at The Victorian - 2152 N 112th St in Northgate
Low 6.1.15

  • List Price: $125,000
  • Sold Price: $112,155
  • 1bd 1ba
  • 524 square feet
  • Price/Sq Ft: $214.04
  • Built 1988
  • Days on Market: 5

Everything in between:

  • 60 condos sold in Seattle
  • Average List Price: $444,452
  • Average Sold Price: $449,154
  • Average Square Footage: 1,029
  • Average Price/Sq Ft: $442.47
  • Average Days on Market: 29

By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.

Insignia Sales Update

InsigniaIt has been a while since we updated the sales figures for Insignia so here is a quick snapshot.

In the south tower, 264 units are in Escrow. After only 3 months on the market, 180 units in the North Tower are in Escrow.

  • 264 out of 350 units or 75% are sold in south tower
  • 180 out of 348 units or 52% are sold in the north tower

Overall, in both towers, Insignia is over 60% sold.

The first homeowners will be closing during July and the closings will continue through September.  The North Tower is projected to be completed in the Summer of 2016.

By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.