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May 18, 2012

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

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.

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.

New home buyers for Escala offerred 15% off installations.

Boyce Commerical Services, a Seattle based office relocation and installation company, is offering a 15% discount off to new buyers at ESCALA for the month of December.

Boyce Commercial Services is proud to announce that we will partner with Escala during December to undergo appliance installations throughout the building. We are also offering a 15% discount to new home buyers in Escala.

For more details on the beautiful, luxury hotel, visit Escala. Contact Boyce Commercial services at 800-248-1023 for more information on our moving services and FF&E installation.

They must be referring to custom appliance installations and/or FF&E (Furniture, Fixtures & Equipment) move ins? I’m not going to hold it against them for being vague with thier blog post. At least thier blogging! They do have a lot of great pics to look at.

click here to look

On a side note, dang ESCALA is lookin good!  View more about ESCALA including for sale and sold inventory.

Proposed 16-story near new Waterfront.

THIS ONE IS INTERESTING!  I’m personally very excited about watching Seattle transform into something completely fresh and new even though as a city, we’re already fresh and new.  Seattle also doesn’t kid around when saying when it rains it pours with 3 downtown land use bulletins today.  This one, is for a mixed-use commercial and residential (apartments) structure to pop-up west of 1st Avenue just below Highway 99′s offramp onto 1st.

The proposal is to allow a 16-story building containing 9,907 sq. ft. of commercial space with 208 residential units above. Parking for 124 vehicles to be provided within the structure. Project includes 4,500 cu. yds. of grading.

It must be going in the empty lot shown below which is also where one of my favorite “underground” secret spots to hang out is located.  The Owl & Thistle!

I LOVE 1521

william justen

William Justen

Not because their uber luxurious, promise their $1M dollar views to stay as $1M views, because it’s location is nothing short of prime, that the developer, designer and architect represent that which is dot dot dot “Seattle,” that they host awesome events that feed you well or even that well served events even provide a catering staff that prevents you from over eating by cutting you off from phad thai, but mostly because they celebrate life. *Jersey Shore fist pumps

I also have to admit that one of my personal secrets to blogging (which isn’t much of a secret but rather sometimes more of an “ah ha”) is just staying in the loop by subscribing to…everything.

One of my favorite subscriptions is that with 1521 Second.  Anybody who is looking at making a downtown investment should subscribe even if the a minimum price point of $1M isn’t their minimum.  Why?  Because of their people.

Weber Thompson

Weber Thompson

Every what seems to be week or so, 1521 emails a testimonial and will continue to do so until sometime after next year.  The testimonials are those of residents, and even cooler–local merchants.  What the 1521 team did was send a list of questions to homeowners and local merchants in which there are of course those boasting about how convenient it is to grocery shop or how wonderful the views are.  I read every one of em, and I’d like to highlight a few of my favorites.

Resident

Q: What has been the most significant change in your lifestyle since living at Fifteen Twenty-One Second Avenue?

A: The most significant change we encountered was having neighbors that so effortlessly live together in the same community.  We have also found that friendships have flourished having such good neighbors, many turning into fantastic great relationships.  In fact, we recently returned from a European vacation from San Remy de Provence in the South of France with a couple of our neighbors in the building.  Living here has been a blessing, given our hectic schedules.

Merchant

Q: Describe the sense of community you’ve come to appreciate most about the Pike Place Market?

A: I appreciate the support that every business has for each other.  Knowing that every business needs to thrive to be successful for the Market to continue as it is.

Resident

Q: What does the “legacy” of the Pike Place Market mean to you?

A: It is all about the people of all nationalities who labor to bring to the market their flowers, foods and friendship. It is basically the heart of Seattle.

Merchant

Q: Any other experiences about your business in the Pike Place Market that you’d like to share?

A: I met my future wife in the Market and I have many fond memories of working with my Dad and uncle at Don & Joe’s Meats.

Susan Marinello

Susan Marinello

Resident

Q: Many are intrigued about ”city life” – how would you explain the benefits to a friend or family member?

A: The benefits never cease to surprise us:

We rarely drive our cars now as conveniences of every imaginable kind abound within a four-block radius, so we have obviously increased walking, and we are bettering our health as a result.  I can drop art off too get framed, run to the printer, stop by the Post Office to renew a passport, draw cash from the ATM, check out the latest exhibit at the SAM, get my hair cut (and sometimes a massage at the spa), do some leisurely shopping and then off to get the best groceries and produce imaginable.  We then stop for a bite to eat and a glass of wine – all in an afternoon.  It is truly unique.

We walk to work, and we can now sleep in an extra 30-45 minutes because we are so close.  We truly need only one vehicle, and we are considering reducing to a single car between the two of us – a cost-saving and “greener” strategy.

Now that Sound Light Rail is in operation, we walk to the nearest station about a block away and take the train to the SeaTac Airport – no more taxis or shuttles!

The views never stop changing, especially at night.  It is amazing to think our views are forever protected in this building.

That’s why I love Fifteen Twenty-One!  There’s only a handful left and you can pick which one, two or three you’d like to preview on our page just for 1521 Second.  Also, the neighborhood is also an A+.  Learn more about West Edge.

You can also view more testimonials on the following link… Note: I have made an edit to the url to which will more than likely be what’s preserved for longevity.  The “link” originally linked to a image file.  Once there, simply click on an image in the horizontal gallery of people to read everyone’s input.  link

Unlocked Archive: Seattle PI – Newmark Tower 1931 to 1982

The Internet sure can be a blessing in disguise sometimes considering how much strain one can put on their little fingers with all the clicking.  But, sometimes it pays off because you’ll stumble upon hidden little treasures like this blast from the past:

1415 2nd Avenue, Newmark Tower

SOURCE: Seattle PI - The downtown Seattle JC Penney store was open from 1931 to 1982.

The Neighbors project was published weekly in the Seattle Post-Intelligencer from 1996 to 2000. This page remains available for archival purposes only and the information it contains may be outdated. For more updated information, please visit our Webtowns section.

Ok, so maybe it’s not “locked” so you can also see more historic eye-candy from the PI by click here.

Today, it’s more like this:

Newmark Tower on 2nd Ave and Pike

Although a conversion and older building, the address has a lot of value considering it’s desirable location along with the fact you can still secure a $1M view without the $1M price point.

More about the Newmark.

Harbour Heights is looking sharp!

About a year ago Harbour Heights replaced their made some performance upgrades and enhanced the design of the old elevators with brand spanking new ones in addition to a remodeled lobby.   The HOA has been making several improvements for well over a year now.  In addition to the lobby and elevator, Harbour Heights is also adding 12″ vertical panels to parts of the building’s exterior.

They have also cleared some fencing on the rooftop deck to allow for more eastern views of the lake and Spaceneedle. The roof now feels much more open and is more likely to impress with almost 360 degree views of Seattle.

Also on the list, they’ve decided to add new flashing around the windows and install new vents in the kitchens and bathrooms.    Looks like they even had enough left over in the budget for a new ping-pong table!

It’s nice to see that building get updated.  It was looking rather dated.  Harbour Heights has always been priced competitively when it comes to square footage, and it’s one of few buildings you can score a 2-bedroom with over 1,000 square feet for under $400,000.

FHA Approvals

Nobody likes somebody who takes credit from another person’s hard work, and an update regarding the expiration of FHA approved units and/or buildings was posted on Ben Kakimoto’s blog earlier this evening deserves a good read.  Ben is even offering to answer any questions one might have over the phone, via email or from comments.  I certainly hate to drive people to a competitor, but I like Ben and he’s one of my favorite people to poke fun to on Facebook.  Please check out his post for more details on the expiration of FHA approvals regarding those which obtained the status before October 1st, 2008.

Fortunately, recertification can be a relatively simple procedure through either FHA’s HRAP or DELRAP approval processes. HRAP approval is done directly with HUD and can take up to 6 weeks; DELRAP is through a direct endorsement lender and can be completed within a week or two, provided the condo conforms to FHA guidelines.

FHA Condo Approvals Set to Expire Soon

Another reason I wanted to highlight Ben’s post is because he brings up a good point about how important it is to make sure this in fact is being taken care of.

Losing FHA approval will make your condo less attractive to buyers as FHA mortgages have become increasingly popular option for buyers over the past few years.

This is certainly an interesting point we wanted to highlight considering our focus on working with buyers.  In the past, FHA approval wasn’t as important as it is today, and for the most part it was the lower-end priced condos that ensured such status.  Today, even more luxurious addresses like ESCALA have moved towards getting FHA approval since it has evolved into such a great option for virtually anybody looking to get financed.

Snaps to Ben for getting this out there!

If you’re wondering what buildings downtown do have FHA approval, we have taken a lot of the guess work out by including it within each building’s unique page listed to the right.   In some cases, it was very difficult to mark a building yes or no given the limited amount of resources to truly verify each.  However, each building listed on seattlesavvy.com will state what we could find through the HUD and MLS websites.

Off the top of my head, here are some buildings that may need to be taken into consideration include:

I may have missed one or two, but this is certainly a good list of buildings that need to get a recertification if they have not already given that it would be of great importance to any buyer we work with.

New neighborhood specific searches for downtown Seattle.

NWMLS IDX: Other than more technology rooted real estate websites like Redfin, seattlesavvy is to my knowledge the first to have downtown neighborhood specific searches, and over the next couple of weeks we'll be narrowing down the simplicity even more. For example Denny Triangle, Retail Core, Waterfront and West Edge make up one search for "Downtown" and we're working towards providing that feature next.

Every successful business online has some secretes to their sauce and in real estate it’s being able to display an active inventory of condos for sale.  Well, that’s the way it used to be.  Today, my opinion is that blogging has become even a more powerful ingredient to a tasty website.  It’s proof that you’re involved with your profession.  It proves that you’re an expert.  It requires a lot consistent attention to your profession’s surroundings.  What’s current?  What’s changing?  Where’s it going?  In real estate it can be particularly difficult because of what things you cannot say which I’m extremely flattered to see Matt Goyer had pointed out here (thanks again!  can’t say how much that was appreciated).

In 2002/3, I had started a blog with Google’s blogger and another site from a real estate template where I simply created pages collecting pictures of all the cool images for condos downtown while exploring a life in San Diego.  It was catering to that niche out of hobby that has resulted into what this site is today and what it will become January 1st, 2011.  That niche is of course downtown Seattle living.   Believe or not, while drinking beer on the beach and almost breaking my neck from the amazing sights of…the ocean, I missed Seattle.  The Teriyaki.  The electronic music, hip-hop and grunge.  The summer celebrations at Seattle Center–specifically The Bite.  The 4th of July.  Pike Place Market.  All the art.  The Green.  The Pavement.  My mother. *sheds tear.

Creating a profession based on what I was passionate about was a no brainer, and this site does just that.  It’s all about the ten neighborhoods where I love to live: Belltown, Capitol Hill, Denny Triangle, First Hill, Pioneer Square, Retail Core, South Lake Union, Uptown, Waterfront and West Edge.  I know these neighborhoods better than I do the back of my own hands.  Later, I’m excited to even attribute personality characteristics to each neighborhood given how unique each of them are.  But, getting to that fun part of seattlesavvy’s development has anxiously been awaiting the ability to provide neighborhood specific searches on active and sold condos.  Yesterday, the best 3rd party vendor for providing such data text me saying it’s ready after my kicking, screaming and later even apologizing for my impatience.

Sample Neighborhood Search

We strive to be, in addition to a couple of our favorite competitors, your number one source for what’s happening downtown.  Be sure to subscribe in the top right area of this site for market updates, and to be one of the first to…Top Secret Project unveils January 2011;)

More active inventory than Realtor.com

More up-to-date listing data than Zillow.com

No duplicated listings or scams like found on Craigslist.com

100 times the service!

Check out our newly updated neighborhood pages that will always be under development (Core Value #2: Committed to Constant and Never Ending Improvement).

  1. Belltown
  2. Capitol Hill
  3. Denny Triangle
  4. First Hill
  5. Pioneer Square
  6. Retail Core
  7. South Lake Union
  8. Uptown
  9. Waterfront
  10. West Edge

For any other real estate professionals reading this that are considering what IDX provider to use, Terry McIntosh with IDXNW is THE man!  FB