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February 6, 2012

A spectacular gallery of downtown Seattle condos by Jacob F. Lucas

Seattle Public Library

Seattle Public Library

I must say, we are very pleased with Jacob’s consistent variety in approximately 30 different building’s we hired him to shoot downtown.  The variety was very important to us, and we wanted someone with an artistic eye in addition to the photoshopping ability you just can’t do without the education.  Jacob had a special style which we like to say added a candy coating to downtown Seattle’s condo buildings.  There’s really no address that you can compare with another.  They all offer a different personality, lifestyle and representation of…you.  Therefore, they all needed to look good.

Tacoma Train Station

Pioneer Square Bus Tunnel

Another important factor in choosing Jacob was that as a licensed agent, there are rules preventing any listing photos with an artistic flair.  Any new listing’s primary photo added to the NWMLS (Northwest Multiple Listing Service) must be an accurate representation of either it’s exterior or view.  Since you can search all active listings on seattlesavvy.com, you’ll see the normal pictures whether you click on what’s For Sale, or what has Sold.  We hope you like the personality Jacob has helped us interpret.  All pictures are featured on the condo pages in the right sidebar of our site.  Each has a fun and informative description, active listings for sale, sold history, neighborhood map and more. Not all of our pics were from Jacob, so we just wanted to say thanks by showing off his seattlesavvy portfolio all on one page.

Please help us say thank you by checking out his Seattle photography website.  We hired him for architectural photos, but the Australian (of course he doesn’t enjoy a beer after a photo shoot) also does listings, weddings and has a pretty good collection of stock photography.

THANK YOU JACOB!

MLS (Multiple Listing Service): An organization that all licensed real estate agents must be a member of and has number one priority when putting a new home on the market.  You can search all MLS listings right here on seattlesavvy.com.  SEARCH ALL CONDOS FOR SALE NOW

Savvy with what’s for sale, but what you’re looking for has yet to come on the market?  Create an account to notified of new listings matching your specific search criteria.

Condos that will benefit most from Seattle’s new waterfront

Seattle’s waterfront is about to change.  The visual scar and obnoxious noise of the viaduct will be a distant memory to future generations.  People from the city and from around the world will marvel at our completed project.   We’ll have to live through the mess of construction but at the end we gain a fabulous reward!

Speaking of reward, I’m urging buyers to consider investments in some of the condo buildings that will most greatly benefit from the removal of the unsightly concrete creature.  There are many to choose from and the increase in value could be very lucrative.  Just imagine having your current neighbor be some big name Belltown DJ who spins techno tunes 24-hours a day at wall pounding volume. It would reduce your value, yes?   Now image the HOA FINALLY kicking that kid to the curb and selling the unit to a quiet, calm and attractive neighbor. Someone with style and world class charm. Do you think that would make the price of your home go up? I’m sure of it!

Which buildings should benefit? Of course everyone within earshot of the nuisance will notice the improved sound quality but the following buildings are close enough to FEEL the difference too:

Pioneer Square Neighborhood

West Edge Neighborhood

Belltown Neighborhood

Waterfront Neighborhood

Is now the time to investigate an investment in one of these communities? Interest rates are ridiculously low and prices have stepped back five-plus years. With this large of a neighborhood upgrade you’d be doing yourself a favor to do some snooping. I’m ready to help.

Review of final pricing from all Seattle condo auctions

There sure does seem to be a lot of excitement regarding the Olive 8 auction which takes place on September 19.  Seattle has had seven auctions for dowtown condominium properties since March of 2009 and hopefully we won’t be seeing any more.  Curious if the history of these auctions have proven to be a significant amount of savings for buyers, I went around and collected all the sales results for six of the seven buildings that went to auction (no results for The Press could be found).  Here is the median for the original list price, minimum bid and final sold price for each condo project.

Auction Date Condo Project Orig List Price Auction Min  Bid Final Sold Price
3/22/09 Queen Anne High School $510,000 $280,000 $355,000
7/11/09 LUMEN $579,040 $260,000 $347,500
9/27/09 GALLERY $491,995 $225,000 $344,000
9/27/09 Brix $475,000 $185,000 $319,500
3/28/10 5th and Madison $607,500 $235,000 $390,500

NOTE: The minimum bid price was approximately 45% off the original list price.  After comparing final sold prices the discount average out to be approximately 35% off the original list price.

Now, if we were to take the median price of $592,950 and apply 35% off, that gives you a 1 bedroom, 1.5 bath with approximately 1,100 square feet on the 24th floor facing south for around $386,000.  If you were to now do a search for units around the area between $375,000 and $400,000 with a minimum of 1,000 square feet, here’s what your options look like.

Not only will several buyers get new construction for less than the price of current resale properties, but buyers for the Olive 8 auction will also be able to enjoy the benefits of living above a hotel.  As of today, the only other places in Seattle where you can live above a hotel are the Four Seasons, Madison Tower and 2200 Westlake which are all priced at significantly higher price points.

If you’re considering a purchase, prices look good.   We can also provide you with more information about the building, the neighborhood and what it takes to write an offer for free.  Contact us if you have any questions.

Seattle Four Seasons Featuring 7 Days of ART

ART Restaurant & Lounge…on a plate.

In addition to sneaking into that ridiculously uber cool infinity pool, the Four Seasons has lured me in for many other reasons such as chocolate, to die for happy hour sushi and to simply be vacuumed in through the air conditioned lobby entrance.

Starting today, the renowned Chef Kerry Sear is taunting us with another treat of luxury with 7 days of his culinary genius (*wipes nose) with dining specials that even a king would jump for joy about.

Check out this list of 7 days of ART, at ART Restaurant.  With exciting specials such as 50% off bottles of wine, TV trays of crab and a steak sampler, we wouldn’t want you to hesitate in contacting us if you’re looking for a date!

Sunday:
Family Dinners, $100 for four people
Join the Four Seasons family each Sunday with classic, home-style recipes with a modern twist. Dine family-style with whole roast chicken, bread stuffing, “Grandma’s recipe” chicken pan gravy, roast summer vegetables, crushed potatoes, bottomless sides and blue ribbon apple pie and ice cream.

Monday:
Wine all you Want Mondays
Put an end to Monday blues with Wine all you Want. Enjoy 50% off all bottles of wine ordered with dinner. With over 160 choices, ask Jerald Armstrong or Giorgio Saturnino to recommend a bottle.

Tuesday:
Big Chill Tuesdays, from $6 – $20
From the flavor of the week and classic chocolate fudge brownie sundaes to shave ice and “The Works,” an ultimate ice cream tasting for the whole table, be a big kid in an ice cream store with specialty ice cream and sorbet flavors from the pastry kitchen.

Wednesday:
Organic Wednesdays, $30
Our chefs bring Pike Place Market’s “Organic Wednesdays” to you. A market to table menu is created that day from the freshest organic produce.

Thursday:
Crab Duel TV Tray, $32
Dungeness or King? No need to decide as we pit the two in our popular TV Trays. Sample four crab dishes served at once. King crab leg cocktail; Dungeness crab legs, with artichoke and grapefruit; warm Dungeness crab meat with herb pasta blanket and chive crème fraiche; and grilled King crab with sweet peas and slow roasted garlic.

Friday:
Friday Night Flight Night, from $15 – $35
Sample a flight of three wines each Friday night. Compare Regions in the “Pinot Noir Challenge,” Makers in “Not Your Mother’s Chardonnay” or Brands in “The Bubble Lounge.”

Saturday:
Steak Saturday, $44
Expand your knowledge of beef with a TV tray sampling of four different cuts of steak and seasonal condiments. A four-course TV tray menu may include organic beef tenderloin; fire grilled dry aged New York steak; dry aged beef rib eye steak and American Kobe flank steak.

For reservations, call 206.749.7070