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May 18, 2012

Pioneer Square Sales 2010

What were sales like this year compared to last? The year before that? How about all the way back to 2007? This is a snapshot of a 4 year market survey we have compiled for Pioneer Square by building for each downtown Seattle neighborhood. By entering your name and email below, you will receive a spreadsheet which clearly outlines how many sales have been recorded for each address and get an inside scoop on which buildings maintain the most value. To keep abreast of our comparison charts for other downtown neighborhoods, subscribe to our RSS in the top right of our site.

Pioneer Square Yearly Review 2010

An overview of sales for 2010 in Pioneer Square. View by building, number of units sold, volume in sales, sold median, median square feet, and average cost per square foot. Enter your name and email below to view a comparison chart from 2007 to 2010.
PIONEER SQUAREUnits SoldVolume SoldSold MedianMedian Sq. Ft.$Avg/Sq. Ft.
TOTALS5$1,874,900.00AVG: $333,833.33AVG: 862.33AVG: $413.66
80 S Jackson0$0.00$0.000$0.00
Florentine3$1,268,900.00$395,000.001,253$315.00
Jackson Square0$0.00$0.000$0.00
Lofts0$0.00$0.000$0.00
Merrill Place0$0.00$0.000$0.00
Nord0$0.00$0.000$0.00
Olympic Block0$0.00$0.000$0.00
Our Home Hotel1$325,000.00$325,000.00600$542.00
Post Hotel1$281,000.00$281,500.00734$384.00
Post Mews0$0.00$0.000$0.00

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Denny Triangle Sales for 2010

What were sales like this year compared to last? The year before that? How about all the way back to 2007? This is a snapshot of a 4 year market survey we have compiled for Denny Triangle by building for each downtown Seattle neighborhood. By entering your name and email below, you will receive a spreadsheet which clearly outlines how many sales have been recorded for each address and get an inside scoop on which buildings maintain the most value. To keep abreast of our comparison charts for other downtown neighborhoods, subscribe to our RSS in the top right of our site.

Denny Triangle Yearly Review 2010

An overview of sales for 2010 in Denny Triangle. View by building, number of units sold, volume in sales, sold median, median square feet, and average cost per square foot. Enter your name and email below to view a comparison chart from 2007 to 2010.
DENNY TRIANGLEUnits SoldVolume SoldSold MedianMedian Sq. Ft.$Avg/Sq. Ft.
TOTALS56$26,956,650.00AVG: $335,166.67AVG: 747AVG: $448.68
2200 Westlake15$5,985,800.00$350,000.00840$416.67
2700 Fourth0$0.00$0.000$0.00
5th Ave Ct1$153,500.00$153,500.00518$296.33
Cosmopolitan14$5,251,800.00$390,000.001,186$328.84
ENSO12$7,455,000.00$615,000.001,130$544.25
Olive 814$8,110,550.00$502,500.00808$621.91

Entering your information below will only subscribe you to our exclusive reports unlike our RSS subscription which subscribes you to all future posts on seattlesavvy.com.

Belltown Sales for 2010

What were sales like this year compared to last?  The year before that?  How about all the way back to 2007? This is a snapshot of a 4 year market survey we have compiled for Belltown by building for each downtown Seattle neighborhood.  By entering your name and email below, you will receive a spreadsheet which clearly outlines how many sales have been recorded for each address and get an inside scoop on which buildings maintain the most value.  To keep abreast of our comparison charts for other downtown neighborhoods, subscribe to our RSS in the top right of our site.

Belltown Yearly Review 2010

An overview of sales for 2010 in Belltown. View by building, number of units sold, volume in sales, sold median, median square feet, and average cost per square foot. Enter your name and email below to view a comparison chart from 2007 to 2010.
BELLTOWNUnits SoldVolume SoldSold MedianMedian Sq. Ft.$Avg/Sq. Ft.
TOTALS145$58,593,472.00AVG: $311,904.56AVG: 770AVG: $404.88
81 Vine0$0.00$0.000$0.00
Alexandria2$370,000.00$185,000.00613$301.79
Arbor Place Tower3$1,030,000.00$350,000.00675$518.52
Austin Bell1$572,045.00$572,045.001,272$449.72
Avenue One3$1,438,500.00$464,000.001,117$415.40
Banner Building0$0.00$0.000$0.00
Bay Vista Tower3$3,390,900.00$950,000.002,577$368.65
Bellora1$412,500.00$412,500.00733$562.76
Belltown Court5$1,121,100.00$199,950.00631$316.88
Belltown Lofts0$0.00$0.000$0.00
Concord5$3,184,900.00$485,000.001,124$431.49
Continental Place2$1,308,000.00$654,000.001,134$576.72
Ellington11$4,994,300.00$285,000.00721$395.28
Gallery47$17,164,400.00$330,000.00699$472.10
Grandview0$0.00$0.000$0.00
Harbour Heights4$1,113,000.00$245,000.00710$345.07
Klee3$1,016,500.00$349,000.00721$484.05
Matae5$1,291,800.00$240,000.00663$361.99
Montreux3$403,000.00$130,000.00368$353.26
Mosler Lofts16$7,664,278.00$312,428.00689$453.45
Parc4$1,157,278.00$274,500.00662$414.65
Pomeroy2$603,900.00$287,000.00832$344.95
Royal Crest5$2,270,000.00$525,000.001,900$276.32
Seattle Heights7$2,584,349.00$390,000.00878$444.19
Site 171$370,000.00$370,000.001,058$349.72
Trio0$0.00$0.000$0.00
The Vine12$5,133,000.00$411,000.001,023$401.76

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2010 Leadership in Sustainability Awards

I live fairly green, and if doing so yourself is a New Years Resolution, sustainableseattle.org might be a good site for you to subscribe to.  I recently came across the non-profit from learning the bicycle shop I’m a customer of .  Other than those fellows at Bicycle Pull-Apart who supply me with cranks, brakes and kickstands, other nominees/award winners included businesses such as:

FROGBOX – A moving service with trucks powered by biodiesel and environmentally friendly alternatives to cardboard boxes for packing.
Alleycat Acres – A farming collective which brings life to abandoned lots in urban areas by creating community-ran farms.
FareStart – A program for homeless and disadvantaged that provides training and job placement in the culinary field.
Pinpoint Pickup – A pickup alternative to reduce drunk driving by helping those who won’t take a bus or interested in another option other than a taxi in nightlife areas.
Brick House Winery – A winery who grows all their fruit on an estate and is certified organic.
Brenthaven - A gaurenteed for life backpack and laptop case retailer using zero waste as well as employer who offers financial incentives to employees for walking, biking, carpooling or using public transportation when commuting to work.

Sustainable Seattle’s Sustainable Community Outstanding Leadership Awards (SCOLA) were initiated in 2001. These awards recognize the outstanding efforts of individuals and organizations that are helping to make the Puget Sound region a more sustainable and livable place. In 2010, Sustainable Seattle honored the leadership and innovation of local individuals, organizations, businesses and public agencies in the following categories: Built Environment, Business, Government, Neighborhoods & Community, and Social Justice.

AWARD NOMINEES & DETAILS

Sustainable Seattle’s website also has a community calendar with a decent sized list of events relating to sustainability.  Check out their calendar, follow thier twitter, like the FB page, volunteer, donate, sign-up for their newsletter or just give em a click.

Visit SustainableSeattle.org

4% there we go. 5% here we come.

You heard that right…5%. The days of 4% – 4.25% are over. Get ready to welcome the 5′s after the new year. I could try to pretend that I understand the workings of the bond market or how MBS (mortgage backed securities) dictate loan pricing but I won’t. I’m here to inform you that currently a 30 year loan is around 4.83% and it’s not going back below 4.5%. I’m also providing my opinion of where the rates are headed.

What do I think is driving this rate hikes? Thanks for asking…because the gloom is lifting. That feeling of dread I’ve lived with for last three years isn’t eating at my stomach lining quite so much. (Pretty scientific, huh?) It’s a hunch based upon a few years of experience. My ESP predicts a an old friend is going to settle in around the entire country….optimism. By the time spring is over we will look back and realize this fourth quarter of 2010 was the bottom.

How are my antenna hot wired to monetary policy? An excellent question….if I’m sensing a positive uptick then I KNOW the banks are sure of it. Once they are convinced that consumer confidence is growing they are going to want to cash in. The best way is to raise rates a little at a time. The last 30 days was fast but now there will be a lull before the next bump. As long as small increases don’t choke the recovery and stall the engine, mortgage lenders will keep going….I estimate summer of 2011 will reflect an average of 5.25% for a 30-year mortgage loan.

Why am I still smiling? Very observant of you…because I know that 5.25% money is STILL A FANTASTIC DEAL!!! I’ve been around long enough to know that 7% money is not the end of the world. If the economy is humming, 8% money won’t stop borrowers. So, move, jump, pull the trigger, make offers and get going while prices are dirt cheap! What a time to buy!!! Don’t let the rate of borrowing be your excuse to miss the best real estate values since 2004.

I’m going to buy and so should you!

What argument do waterfront critics have to say?

Nothing really.  I’ve covered more of my thoughts regarding critics of the viaduct replacement on the Seattle PI, but if you have an extra 88 minutes and looking for some good entertainment, here’s a fun video by those who oppose Seattle’s new tunnel and replacment solution for the crumbling viaduct.

Seattle PI: The awkward silence from waterfront critics…

Give the gift of downtown Seattle this holiday! Exclusive discount from seattlesavvy

There’s multiple reasons why I do it, but my favorite reason for always having a miscellaneous, odd job is to either learn or benefit from an employee discount. I think it all began with a girlfriend who wanted that $500 espresso maker from Starbucks for Christmas. As a Starbucks employee, you get 2 weeks of training about coffee, great stock options and a 40% discount. Needless to say, she got her espresso maker. Since, I’ve done hot dogs at the ballpark, ticket sales at the ballet, bartended at O-Asian, and until about February or so it’s fish at the market!

Pike Place Market! Is that not why residents at 1521 Second spent no less than $1 million for a new condo? You would be amazed at how much fish is sold at the Market everyday. Located at the end of Pine Street, City Fish was Pike Place Market’s first fish vendor, and was originally owned by the city of Seattle.

Some of downtown’s tops chefs also do their shopping at the market to get the freshest available product for their customers.   Branzino’s in Belltown, who has a sketched image of a King Salmon on their website, walks down almost daily to cater to the chalked a-board outside their restaurant boasting about their seafood from the market. Steelhead Diner, the Alibi Room and Beecher’s who comes by for crab (recently raved about on Oprah) are all familiar customers.  Probably the most enthusiastic is Executive Chef Damon at Cutters who swears the fish taste better after sung lullabies by Megadeath.

Exclusive Holiday Special from SeattleSavvy.com
We’ve worked out a special arrangement with City Fish so that you can either gift, or enjoy for yourself, the best fish at the best price. For the holiday, anybody can have 2 1/lb+ packages of Alderwood or Garlic and Pepper Smoked Salmon shipped anywhere in the US for $59.99. Anybody can have 2 7-9lb Sockeye Salmons filleted and shipped anywhere in the US for $99.99. Only those who download a voucher from seattlesavvy.com can get 10% off any order other than the already discounted specials between now and Monday the 20th. Ship some smoked salmon to someone, then come get some of these amazing King Crab legs for yourself with a 10% off voucher. Get to know the folks who work there and give a “like” to their Facebook page.  They’re your local fishmongers.

To receive the 10% OFF voucher and be entered into the mailing list with City Fish, enter your name and email below.

[voucherform id="1"]

2nd & Pike Tower scheduled for design review

Currently an empty lot across from the Newmark, 2nd Avenue and Pike Street is one of downtown Seattle’s most valuable locations.  Originally proposed in 2004, the 35 story apartment building may be brought back to life.   Surprising that this space has yet to be developed.  Exciting that Olson Kundig are the architects for the new high-rise just kitty-corner from 1521 Second.

The proposal is for a 35-story structure with 290 residential units above 14,850 sq. ft. of retail and restaurant space. Parking for 389 vehicles to be provided below grade. Review includes removal of 79 surface parking spaces. Project also includes 59,840 cubic yards of grading.

The project will be shooting for LEED Gold Certification and include a large street level restaurant along with an upper level Skybar.

35 Floors above grade, including partial Mezzanine above Ground Floor, semi-private garden courtyard at Ground Floor and B1 level, semi-private roof garden amenity space at 8th floor (Skybar), private resident amenity spaces at 9th floor and Roof and 40’ Mechanical penthouse above roof level.
440’ Maximum height above grade at midpoint of 2nd Avenue property line to include:
400’ Maximum proposed Residential height plus
40’ Maximum Mechanical penthouse above roof level

MetLife & ESCALA offer buyers jumbo loan options

The team at ESCALA sent out an email with some sample mortgage payments for three of their units on the 16th floor.

Suite 1609 (floorplan)
1B/1.5 B  910 sq. ft.
$449,000.
Total Monthly Mortgage – $2,170.73
Suite 1612 (floorplan)
1 B/1.5 B  952 sq. ft.
$519,000
Total Monthly Mortgage – $2,437.75
Suite 1611 (floorplan)
2 B/2 B 1607 sq. ft.
$829,000
Total Monthly Mortgage – $3,851.98

The address still has a number of active listings.  You can review what’s still remaining along with a record of sold units here.

Jim Cronin from the Tomato on real estate blogging

Seattle Center Tomatoes!

I love to brag about knowing Jim Cronin. Most real estate agents know the guy from hearing his name in technology/marketing classes. Originally, Cronin was 1 of 3 independent contractors with one of the nations leading providers in real estate templated websites. One of my most highest ranking websites is actually from that same company and I still have it today. RealEstateIsCool.com was my demo site during the time I was also employed at the same company. Today, Jim Cronin has established himself as the leader and “go to” guy for anyone looking to blog for business in the real estate world. Any blogger for any topic can learn a lot of from his RealEstateTomato.com site which is a blog about how to blog in real estate.

Our downtown Seattle condo blogs are great and there’s really only 5 of us of which all have something a little different to offer. With that said, I wanted to go to someone I consider an expert on what is a real estate blog and who is a real estate blogger. I’m curious to know what he might say. It’s sometimes a lot of pressure to write a perfect post and a misspelling here or run-on sentance there sometimes comes back with some critisism. Naturally any blogger would like to be a better writer, but what does someone who’s lead the industry in coaching real estate professionals have to say about it?

Here’s what Jim Cronin had to say…

Mr. Awesome!

1. How many real estate agents have you now worked with?

I have lost count, not that I was ever really counting in the first place. 10′s of thousands for sure if you include all the presentations, classes, websites, and conferences I have been a part of. Currently, the count that have graduated from the Real Estate Tomato blogging course: 524. That’s over 5,000 hours of personal, intense blogging training. Yikes.

2. Who are a couple of your model clients and what is their niche?

I hate to chose just a couple to show off… there are so many that are incredible examples of blogging successfully for their real estate business. We spend so much time helping each client develop a strategy, set goals, develop a voice and the skills to ensure their success… you could literally just pull anyone from the client map.

Nonetheless… here are a couple:

Bruce Lemieux from MoCoRealEstate.com
Bruce does an incredible job with his blogsite. His use of video, graphs, blog content, neighborhood profiles, calls to action, property information… it’s all so wonderfully tethered together in a way that makes perfect sense to his readers. You can tell that it is a labor of love, and I know that the client’s he has generated from his effort are drawn to him for that very reason.

John Coley from LakeMartinVoice.com
John has been a client of the Tomato for around 4 years… so he has seen it all. What is unique about John is that he is always trying to push the envelope with what he offers his audience.  Watching him grow from newbie to expert has been really exciting. For me his success has been measured with one act: He changed his family’s real estate business name from Coley Real Estate to Lake Martin Voice. The success and impact of his efforts as a blogger have been so great that it seemed only natural to embrace it fully and change his identity to the site that has made all the difference in his business.

When you asked, what is their niche… I am not really sure how to define any differently than I would say we aim to develop for most of our clients. My philosophy when determining a client’s blogging niche is: Determine what keeps your target audience up at night, and blog about that.

3. Do they every get off topic and if so, how?

Off topic? You mean talk about something other than real estate? If that;s what you are asking… then sure. Being a good Realtor means that you are as much a community expert as you are a real estate expert. Blogging about the events in town, or local business profiles, or landmarks and historical items is always a great avenue ‘off topic’. I don’t generally encourage revealing too much personal stuff within your blog… it’s not your diary, after all…leave that under the bed. But sprinkling in a few posts about things of great interest to you is a great way to connect with your audience as well… and it lends to the idea that a personality authors this blog. For example: if you are into tennis, then blog about the clubs, tournaments and events that are in town. Compare tennis to home buying…. etc. People will enjoy it. And I bet that you have certainly done some business with that tennis-group you hang around… so why not expand that opportunity to connect online.

4. What writing skills can most improve on?

Hitting publish more often. The idea is to create an incredible resource that just flows from you… not post an opus every time you sit down to blog.
The real trick to blogging is maintaining the effort, making it part of who you are. If it is a chore to sit and complete a post – it will always be put off. Writing styles, skills and prowess never mattered much to me… sure there is a big difference between someone with incredible delivery and those who just puke content – but this isn’t about impressing anyone. Blogging is about being found, being read, and being seen as the trusted advisor for your topics. The best way to accomplish the above is to hit publish.

5. Is there a trait you’ve noticed among those who blog compared to those who don’t that deserves some recognition?

I can’t speak to this in any honest fashion, because I can’t really know… but I can tell you what makes a blogging Realtor a potentially better Realtor. First of all – you never have your thoughts more clear on any topic than when you take the time to write a comprehensive piece about it. Bloggers are forced to consider and commit to a conviction on every topic the publish.

Secondly, bloggers need to listen to their clients to hear the questions that are most important to them… because after all this is what they need to be writing about. So they are very engaged in the concerns and challenges of each and every client, not just going through the motions so to speak. And finally, the disciple on maintaining a real estate blog helps develop many useful traits for the agent: focus, organization, critical thinking, accountability, constant education, and networking. These are all very important traits for today’s agent.


In addition to making a statement about not being the most perfect writer I’d like to share another thought that brought this topic up. I had written a rant on a social networking site for real estate professionals from a Seattle based company with over 195,000 members titled: I don’t understand why agents waste thier time blogging on Active Rain. I was surprised the next morning to find out that Active Rain featured that post on thier home page and recieved 195 comments within 24 hours. It was the 5th comment that caught my attention most and it was something like “…Active Rain is safe place for agents to blog.” I kinda understood that, but does one’s typos or grammer mistakes make so much of a difference that it would descredit one’s business? Cronin doesn’t seem think so. I don’t think so. Nonetheless (my favorite new word) I’ll be trying to do better.

Would you like blogging? Sign-up on seattlesavvy.com and I’ll set you up with http://______.seattlesavvy.com for you to try writing about whatever it is you’d like to write about. Write something some interesting about downtown Seattle and/or real estate and I’ll feature on our homepage. When you’re ready to set up a blog on your own with your own domain, all your content can easily be exported and imported should you ever choose. My only disclaimer at this point is that it must of course not be innappropriate or be directed at anything which could be considered negative. Just have a local business and want to post a page about your product or services? Want to share a calendar of events?  That’s exactly what we’d hope you would do.  …free blogs are limited (up to 10) while we continue to develop seattlesavvy.com’s functionality but can guarantee 100′s of pageviews, if not 1,000′s…for free to the first 10 as well as be grandfathered in to additional future upgrades and enhancements we make.  Love you Seattle!

REGISTER

BONUS: My personal top tips on blogging.

Me! :D

1. Always give credit where credit is due.

Sometimes hard to do considering that credit must sometimes be given to a competitor.  However, nothing says more about a website’s value than truly being a one-stop shop.

2.  Spawn of #1 – Take the time to properly link and title YOUR images.

When linking to another website, take into consideration that it’s of tremendous value to do so.  Try to word the text and description of the link to the site’s keywords (site title).  An example of this can be seen by simply rolling your mouse over the two links provided in Jim Cronin’s model clients mentioned in question #2.

3.  Take crappy pictures.

Not terribly framed pictures, but REAL pictures.  The highest day in traffic I ever received when writing for Stroupe’s blog was construction photos for Four Seasons.  There was ladders, boxes, unfinished flooring and such all over.  People don’t care to see fake, doctored up pictures.  I found this to be especially frustrating with new construction developers who refused to allow bloggers to take pictures.  ”We don’t want to set improper expectations,” they would say.  One of the best things I ever learned as a sales person was to set expectations at a ’7′ then deliver at a ’10.’

4.  Do it because it’s your passion.

It’s THE ingredient to doing anything in life I believe.  I’ve certainly had jobs throughout my life where I’ve been stuck because of a paycheck, yet money didn’t buy me happiness.  Passion makes your blog complete.  So far, this is 5 months of a new blog and it’s far from complete and probably never will be.  However, it will certainly be the most informative about my passion for how kick ass downtown Seattle is.  Master your topic by writing about it.  The joy in development will never end.

5.  Have a sense of humor.

In addition to procreating, I don’t see any other reason why we’re here but to also have a few laughs.  Who really wants to be serious all the time?  Have fun.  Be fun.  Make it fun.

6.  Don’t worry.  Just do it.

Too many people I’ve worked with on blogging never blog.  I’d say only 1 of 5 people who start a blog actually follow through because there is no such thing as instant success.  Another factor, as mentioned about my Active Rain post, is just thinking you won’t be good enough.  WHO CARES!?  It’s your passion and that’s what matters.  Not other people’s opinion.  If you’re not passionate about it, then I would think it might be either a good idea to not even make the attempt, or to find another job.

Charles Buell - Active Rain Ambassador & Soon to be #1 in Google for Seattle Home Inspector

7.  Sometimes, just spin it.

One of my favorite buddy bloggers is a Seattle home inspector (ie. a proper link) who has certainly mastered the art of a good spin.  There is certainly an art to it, but it keeps you creative and Charles Buell is nothing short of creative;)  ”quack quack.”

8. Don’t delete.  Correct.

Part of this post was inspired by some frustration I’ve been a recipient of from a mistake I made.  I don’t wanna make an impression to anybody that anything can simply be deleted and repaired.  I believe it goes against any good faith one might have on my word.  Therefore, I recommend if a mistake made, stikeout the mistake then add your correction.

Thank you for visiting our blog!  Other than procreation, I’m not sure there’s much more I enjoy than being able to share my passion with others.