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April 2017

Condo Review - Montreux in Belltown

Montreux Condominiums in Belltown
425 Vine St
425_vine_st_02 425_vine_st_01

Montreux Condominiums was built in Belltown in 1999 and sits on the corner of 5th Avenue and Vine Street. The east side looks out over the monorail. It is known for having mostly efficiency sized condominium homes, for its fabulous rooftop view deck and for allowing short term rentals.

To see a virtual tour of an actual unit at Montreux Condominiums, click here.

The stats:

  • 132 units –Studio, one and two bedrooms ranging in size from 318 square feet to 720 square feet
  • Built in 1999
  • 7 stories
  • Only select units have parking spaces and/or storage lockers
  • 4 units have sold in the last 6 months ranging in price from $230,000 to $260,000 for studio units; at the time of this post there were no pending or active units.
  • HOA dues include: garbage, building maintenance, professional property manager, earthquake insurance
  • Amenities: Rooftop view deck with lounge areas, tables and BBQs, gym, business center and meeting room

Continue reading "Condo Review - Montreux in Belltown" »


March Market Update - Seattle Condos

The condominium market in Seattle remains relatively unchanged from February. The advantage is still to the Seller with high odds of selling and selling above list price. 

The graphs below show statistics for Seattle condominiums for MARCH 2017. Questions, let us know!

SUMMARY:
- Less inventory than last year at this time, down to .6 months' supply (which is the same inventory level as Feb of this year)
- Higher median sales price than last year at this time, up 14%, to $434,000
- The highest number of sales so far this year are still happening at the price point between $500,000 and $750,000
- 63% of listings are selling above list price (higher % than in February, which was at 54%)
- Odds of selling are 105% (less condos coming on the market than are going pending)

YEAR OVER YEAR BASIC STATISTICS - Seattle Condos
Mar 2017 Stats

Continue reading "March Market Update - Seattle Condos" »