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May 17, 2015 - May 23, 2015

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 May 11th through the 17th.

The High:

#2004 at Escala – 1920 4th Ave in Downtown Seattle
High 5.18.15

  • List Price: $1,200,000 
  • Sold Price: $1,200,000
  • 2bd 2ba
  • 1,607 square feet
  • Price/Sq Ft: $746.73
  • Built 2009
  • Days on market: 1

The Low:

#223 at Linden Park Condos - 13717 Linden Ave N in Bitter Lake
Low 5.18.15

  • List Price: $125,000
  • Sold Price: $125,000
  • 1bd 1ba
  • 654 square feet
  • Price/Sq Ft: $191.13
  • Built 1982
  • Days on Market: 26

Everything in between:

  • 55 condos sold in Seattle
  • Average List Price: $401,235
  • Average Sold Price: $403,044
  • Average Square Footage: 996
  • Average Price/Sq Ft: $427.90
  • Average Days on Market: 41

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


Luma Sales Process Finalized for June 1st

Luma has officially finalized their sales process for June 1st and here are the details.

Sales Process:

  • 1425497665-1597_0228_Luma_i04_RoofdeckOffers will be accepted on June 1st before 6pm via Priority Unit Selection Agreement
  • The Agreement will allow buyers to select and submit an offer on their first and second choice homes
  • Buyers will be allowed to add an escalation clause to their offers
  • No offer under the listed price will be accepted
  • A $5000 Selection Deposit is required
  • Obtain a pre-approval letter from one of the preferred lenders
  • The Public Offering Statement and Purchase and Sale Agreements are available to view in advance
  • All of this will be delivered to the sales center by 6pm on June 1st

If you have interest in Luma and there is a particular unit you have your eye on, like a unit with a large patio or a certain view, you would likely want to particpate in the June 1st sales process. If you are open to multiple units you can participate but could also wait until the sales become first come first serve.

As always, if you have any questions or would like assistance through the process we are here to help.

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