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July 26, 2015 - August 1, 2015

This Weeks 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 July 20th through the 26th.

The High:
#3E at One 11 Condominium – 111 W Highland Dr in Queen Anne
High 7.20.15

  • List Price: $2,200,000
  • Sold Price: $2,150,000
  • 2bd 2.5ba
  • 2,764 square feet
  • Price/Sq Ft: $777.86
  • Built 1974
  • Days on market: 117

Continue reading "This Weeks High and Low and Everything in Between" »

New Condominium Project Announced- Gridiron Condos Coming to Pioneer Square

According to a recent article in the PSBJ, it looks like our city’s 6th new construction condo project since the recession will be breaking ground soon.  Gridiron Condos will be built by developer Daniels Real Estate on a site adjacent to CenturyLink Field on 1st Ave.  This is the same site that has been in the works for a few years and was previously going to be called Stadium Lofts.  It will be 107 new units built atop the current brick building and will have restaurant and bar space on the main and mezzanine levels.

Gridiron will be the 6th post-recession condo project to break ground here in our city, assuming they move forward with the plans to start site work in about two weeks.

With the velocity of pre-sales in the some of Seattle’s recent condo projects that have started pre-sales, including Insignia (Downtown), Vik and Solo Lofts (Ballard), and most recently Luma (First Hill), I would expect the demand to also be high for condos in Pioneer Square. There have not been new condo options for buyers to choose from in Pioneer Square in over 8 years.  The last two being condo conversions at The Nord and Jackson Square, both located just a few city blocks to the north of the Gridiron site.

I do not yet know the specifics on unit pricing or floor plans, but will reach out to the developer and see what information is available and will report as I learn more.

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