Stroupe Scoop April 2014

1

inside this issue

apr i l 2014 E D iTiON | SalES STaTS FOr march 2014

Featured BuildingOlive 8

market analysisSeattle area Trends & prices

Sold listings last monthDowntown Seattle, Queen anne & capitol hill / Eastlake

Featured listingremarkable two-story oasis in the sky

020304

07

c o n d o s c o o p

206.910.5000www.stroupe.com

View the Olive 8 profile

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perched above the hyatt hotel with expansive city, water, mountain views, Olive 8 is Seattle’s preferred address. You will be captivated by the details and the finishes found in these one and two bedroom homes. Natural stone, marble and granite counter tops, rich hardwood flooring, floor to ceiling walls of glass and a private balcony to take in the surrounding views. relax in the spa like baths or entertain in the gourmet kitchens that boast Bosch gas cook tops, liebherr stainless steel integrated refrigerators, and top of the line fixtures. homeowners also enjoy the 5 star amenities of the hotel. concierge service, private lobby, 65 foot saline lap pool and Jacuzzi whirlpool, yoga, pilates and aerobic workout studios, weight training area, spa services. Developed by r.c. hedreen company and designed by mulvannyG2 architecture and Gluckman mayner architects.

featured building

olive 8aT hOmE iN ThE hEarT OF ThE ciTY

Address

737 Olive Way

neighborhood

Denny Triangle

ToTAl # of UniTs

229 (not including hotel rooms, convention space, or commercial)

YeAr bUilT

2009

ToTAl sTories

39 (including 13th floor, units on 18-39) lisTing hisTorY, PAsT 12 MonThs

(From 4/1/13 to 3/31/14 — These are re-sales statistics only. New construction building statistics are inconsistent with resale units. When a project is first released to the public, units are released for sale in stages. Each upcoming release tends to be more expensive than the previous release. With the advancement of time, the prices tend to rise. Therefore the stats in new construction can be misleading. Market time for example can be a year or more, but not an indication of the unit desirability because several other units with the same floor plan could have sold during the same timeframe.)

Total # of Units listed: 19 (units that were relisted after coming off the market are counted as one)

Total # of Unit sales: 13 (plus one sold subject to inspection, two pending sales)

Currently Active on Market: 2 (as of 4/5/14)

sAles hisTorY, PAsT 12 MonThs

Average-Unit orig. list Price: $678,000

Average-Unit sale Price: $655,769

list / sold Price ratio: 96.7%

Average-sold Price per sq/ft: $654.79

Average Market Time: 32 days

AMeniTies

concierge (full time), Spa Services (hotel), Guest Suites (hotel), hotel (part of complex), pool (indoor), hot tub (indoor), Sauna, Steam room, conference room (hotel), club room (full kitchen), Fitness center (hotel), Yoga / Flex room (hotel), Dog area, Terrace (patio), a/c (entire building), Secured parking (as-signed)

Building Facts & stats

View the Olive 8 profile

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market analysis

local market activitymarKET TrENDS, priciNG aND SalES FOr ThE paST mONTh iN ThE SEaTTlE arEa

downtown seattle Queen anne capitol Hill/eastlake

Average Prices2013 2014

List $889,765 List $579,319

Sold $850,177 Sold $570,531

-4.45% Variance -1.52% Variance

Sold Listings

44

44

0.0% Change

Average $ / SF

$579

$551

-4.8% Change

Average Prices2013 2014

List $345,818 List $398,925

Sold $342,271 Sold $394,825

-1.03% Variance -1.03% Variance

Sold Listings

28

47

67.86% Change

Average $ / SF

$319

$373

16.93% Change

Average Prices2013 2014

List $313,591 List $269,069

Sold $312,531 Sold $272,822

-0.34% Variance 1.39% Variance

Sold Listings

49

34

-30.61% Change

Average $ / SF

$361

$376

4.16% Change2013march

2014 2013march

20142013march

2014

downtown seattle Queen Anne Capitol hill/eastlake

Figures reflect the average — not median — sold price for the last 12 months; large fluctuations in the average price of listings may be due to a few exceptionally priced sales affecting the overall average.

*2013 — $6,999,000 sale at Escala

$800K

$700K

$600K

$500K

$400K

$300K

$200K

downtown seattle

Queen anne

capitol Hill / eastlake

m a m J J a S O N D J F m2013 2014

aVeRage sold pRices FoR tHe past 12 MontHs, MaRcH 2013 – MaRcH 2014

listings

sold listings last month downtown seattle

Austin bell 2324 1st ave 209 689 419 1 1 106 $ 289,000 $ 289,000 2324 1st ave 312 419 453 0 1 106 $ 190,000 $ 190,000

Continental Place 2125 1st ave 3101 1,811 939 3 2.5 33 $ 1,575,000 $ 1,700,000 2125 1st ave 1505 700 750 0 1 33 $ 549,000 $ 525,000

Cosmopolitan 819 Virginia St 1607 800 485 1 1 7 $ 384,000 $ 388,000 819 Virginia St 1107 800 475 1 1 7 $ 375,000 $ 380,000

enso 820 Blanchard St 1009 980 530 1 1.25 5 $ 519,000 $ 519,000 820 Blanchard St 1509 980 520 1 1.5 5 $ 529,000 $ 510,000

escala 1920 4th ave 2505 1,878 638 2 2.5 4 $ 1,199,000 $ 1,199,000 1920 4th ave 808 1,607 549 2 2 4 $ 895,000 $ 882,500 1920 4th ave 708 1,607 516 2 2 4 $ 859,999 $ 830,000 1920 4th ave 308 1,607 469 2 2 4 $ 759,000 $ 754,000 1920 4th ave 601 952 609 1 1.5 4 $ 580,000 $ 580,000

Marselle 699 John St 117 774 380 1 1 5 $ 298,500 $ 294,500 699 John St 112 842 333 1 1 5 $ 289,900 $ 280,000 699 John St 410 554 421 0 1 5 $ 229,750 $ 233,000

Mosler lofts 2720 3rd ave 900 2,055 633 2 2.5 6 $ 1,395,000 $ 1,300,000 2720 3rd ave 413 1,224 449 1 2 6 $ 549,000 $ 549,000 2720 3rd ave 910 1,142 472 1 1.75 6 $ 554,900 $ 539,000 2720 3rd ave 509 987 471 1 1 6 $ 465,000 $ 465,000 2720 3rd ave 300 793 422 1 1 6 $ 335,000 $ 335,000 2720 3rd ave 813 650 485 1 1 6 $ 310,000 $ 315,000 2720 3rd ave 507 692 412 1 1 6 $ 285,000 $ 285,000

Parc 76 cedar St 410 778 324 1 1 6 $ 260,000 $ 252,000 76 cedar St 1207 640 327 1 1 6 $ 199,950 $ 209,000

other Properties 99 Union St 1504 2,168 1,049 2 2.5 6 $ 2,500,000 $ 2,275,000 1521 2nd ave 1701 1,968 854 2 2 6 $ 1,700,000 $ 1,680,000 2021 1st ave G-12 1,265 565 2 2 32 $ 725,000 $ 715,000 2319 1st ave 707 1,324 536 2 2 14 $ 699,000 $ 710,000 909 5th ave 2304 1,208 538 1 1.5 7 $ 675,000 $ 650,000 2821 2nd ave 704 1,298 416 2 1.75 32 $ 549,000 $ 540,000 121 Vine St 1601 996 492 2 1.75 25 $ 449,950 $ 490,000 1000 1st ave 1704 877 553 1 1.5 8 $ 484,900 $ 485,000 900 lenora St W-508 807 570 1 1 8 $ 465,000 $ 460,000 2721 1st ave 1105 893 504 1 1 9 $ 450,000 $ 450,000 2621 2nd ave 1501 1,140 394 2 1.75 34 $ 449,900 $ 449,000 2033 2nd ave 500 746 550 1 1 9 $ 400,000 $ 410,000 2801 1st ave 814 721 499 1 1 13 $ 360,000 $ 360,000 1900 alaskan Way 301 850 402 1 1 17 $ 375,000 $ 341,448 3028 Western ave 210 775 383 1 1 23 $ 299,500 $ 296,500 2717 Western ave 3018 719 389 1 1 13 $ 285,900 $ 280,000 312 1st ave S 1 779 325 2 1 114 $ 279,900 $ 253,400 2415 2nd ave 449 531 452 0 1 20 $ 240,000 $ 240,000 2716 Elliott ave 405 495 434 0 0 11 $ 227,000 $ 215,000

addRess unit sF $ / sF Bed BatH age list pRice sold pRice

innovative. Experience. results.ouR pHilosopHy Buying or selling a property is one of the most important financial decisions you will ever make. When it comes to the competitive Seattle real estate market, the place to be is in the know. We believe in taking the time to educate clients so that they can make smart, informed choices. Beyond expectations having an experienced, savvy agent on your side is key to achieving the results you desire. meeting our clients’ needs above and beyond their expectations is the foundation of our success. We take pride in offering the highest level of professional integrity and reliable service. To learn more about how we can help you reach your real estate goals and turn your dreams into reality, contact us today or visit our website at www.stroupe.com.

listings

sold listings last month Queen anne

424 W crockett St 424 1,081 416 2 1.75 27 $ 450,000 $ 450,000 507 W mercer St 502 926 486 2 1.75 29 $ 459,900 $ 450,000 530 4th ave W 401 1,116 399 2 1.75 11 $ 449,900 $ 445,000 348 W Olympic place 105 930 452 1 1 85 $ 424,950 $ 420,000 410 W roy St E-205 1,071 378 2 2 32 $ 399,999 $ 405,000 19141 3th ave W 202 1,388 269 2 1.75 34 $ 389,500 $ 374,000 2121 Westlake ave N 401 1,242 298 2 1.75 30 $ 350,000 $ 369,500 212 Westlake ave N 101 1,195 293 2 1.5 30 $ 350,000 $ 350,000 701 Galer St 405 981 357 2 1.75 22 $ 354,995 $ 350,000 2618 4th ave N 504 1,096 309 2 1.75 33 $ 339,000 $ 339,000 2419 8th ave N 302 1,210 277 2 1.75 22 $ 340,000 $ 335,000 17 W mercer St 207 820 396 1 1 12 $ 325,000 $ 325,000 530 4th ave W 105 846 376 1 1 11 $ 315,000 $ 318,200 2121 Westlake ave N 102 1,062 297 1 1 30 $ 299,950 $ 315,000 2111 Waverly place N 201 821 368 2 2 15 $ 284,500 $ 301,777 124 Warren ave N 211 749 386 1 1 84 $ 299,950 $ 289,000 1504 aurora ave N 404 862 329 2 1.5 23 $ 275,000 $ 283,500 2040 13th ave W 34 1,163 242 2 1.75 25 $ 274,900 $ 281,000 762 hayes St 12 869 305 2 1 37 $ 265,000 $ 265,000 2253 Gilman Dr W 409 1,046 250 2 1.75 34 $ 264,000 $ 261,000 2253 Gilman Dr W 305 1,040 243 2 1.75 34 $ 262,500 $ 253,000 655 crockett St B-202 726 344 1 1 10 $ 275,500 $ 250,000 1730 Taylor ave N 404 650 385 1 1 46 $ 250,000 $ 250,000 701 3rd ave W 725 664 376 1 1 61 $ 249,900 $ 249,900 2244 13th ave W 116 818 293 2 2 24 $ 239,950 $ 239,950 2244 13th ave W 308 586 409 1 1 24 $ 239,900 $ 239,900 2021 4th ave N 8 750 317 1 1 105 $ 242,500 $ 238,000 275 W roy St 109 585 404 1 1 32 $ 225,000 $ 236,500 2244 13th ave W410 620 371 1 1 24 $ 224,950 $ 230,000 420 Valley St W-411 485 459 1 1 23 $ 249,900 $ 222,500 1601 Taylor ave N 302 581 354 1 1 54 $ 219,900 $ 205,900 1234 Taylor ave N 104 718 279 1 1 45 $ 195,000 $ 200,000 611 highland Dr 402 686 292 1 1 13 $ 200,000 $ 200,000 2450 Dexter ave N 301 628 311 1 1 67 $ 199,000 $ 195,400 131 26th ave N 10 450 298 1 1 28 $ 132,750 $ 134,000 29 Etruria St B-406 580 147 1 1 29 $ 99,000 $ 85,000

addRess unit sF $ / sF Bed BatH age list pRice sold pRice

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listings

sold listings last month capitol Hill / eastlake

2501 E John St 2501 1,225 435 3 1.75 14 $ 459,000 $ 532,500 214 16th ave E 201 1,023 441 2 1 86 $ 415,000 $ 451,000 414 malden ave E E 858 490 2 2 18 $ 405,000 $ 420,000 2301 Fairview ave E 209 1,365 293 2 2.5 46 $ 410,000 $ 400,000 1301 Spring St 5-B 870 448 1 1.5 32 $ 395,000 $ 390,000 530 Broadway ave E 502 778 482 1 1 6 $ 374,999 $ 375,000 1707 Boylston ave 209 817 427 2 1 49 $ 349,000 $ 349,000 1420 Terry ave 1905 558 595 1 1 12 $ 339,000 $ 332,000 2960 Eastlake ave E 207 801 414 1 1 6 $ 315,000 $ 331,234 1550 Eastlake ave E 102 837 370 1 1 17 $ 310,000 $ 310,000 1709 18th ave 102 743 404 1 1 16 $ 299,000 $ 300,000 1122 10th ave E 202 839 358 1 1.5 32 $ 289,900 $ 300,000 701 17th ave 205 1,070 276 2 1.75 33 $ 299,000 $ 295,000 214 Summit ave E 401 799 351 2 1 97 $ 269,000 $ 280,500 231 Belmont ave E 106 626 447 1 1 25 $ 279,900 $ 279,900 1105 Spring St 204 630 443 1 1 64 $ 279,000 $ 279,000 410 13th ave E 203 860 321 1 1 45 $ 239,950 $ 276,000 231 Belmont ave E 405 545 468 1 1 25 $ 269,900 $ 255,000 1616 Summit ave 401 594 428 1 1 24 $ 254,000 $ 254,000 308 Summit ave E 407 827 296 2 1 47 $ 250,000 $ 245,000 1101 E Terrace St 504 604 397 1 1 13 $ 221,500 $ 240,000 1136 13th ave 101 795 299 1 1 90 $ 239,000 $ 237,750 1410 E pine St W-210 559 394 1 1 9 $ 239,900 $ 220,118 308 E republican St 712 745 268 1 1 53 $ 219,000 $ 200,000 1107 E Denny Wy B-3 517 387 1 1 104 $ 200,000 $ 200,000 1400 hubbell place 506 572 348 1 1 57 $ 196,000 $ 199,000 526 17th ave E 15 546 360 1 1 59 $ 200,000 $ 196,500 530 melrose ave E 703 524 363 1 1 23 $ 195,900 $ 190,000 412 11th ave 203 689 269 1 1 12 $ 179,000 $ 185,000 511 E roy St 314 483 381 1 1 35 $ 189,950 $ 184,000 505 E Denny Wy a-108 498 361 1 1 91 $ 179,950 $ 179,950 214 Summit ave E 204 600 283 1 1 97 $ 169,500 $ 169,500 300 10th ave a-204 553 209 1 1 24 $ 112,000 $ 115,500 2205 Boylston ave E 1/2 350 296 1 1 26 $ 105,000 $ 103,500

addRess unit sF $ / sF Bed BatH age list pRice sold pRice

click HeRe

AboUT The TeAM sTAY inforMed bUYers sellers ConTACT Us

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featured listing

remarkable two-story oasis in the skyrEFiNED TWO-STOrY, TWO-BEDrOOm UNiT WiTh ciTY ViEWS

located in South lake Union, Enso delivers a community created with a Northwest mix of asian minimalist style and European elegance, with an emphasis on ideal in-city living. homes boast an expansive wall of glass for plenty of natural light and striking views of the city, mountains, lake Union and puget Sound. Spa-like bathrooms with soaking tubs and concrete countertops, white oak hardwood flooring throughout, European cabinetry and Bosch stainless steel appliances. amenities include common area deck with indoor/outdoor fire place and grilling area, community room with theatre, state of the art fitness center, and secure lobby entry. Developed by Vulcan real Estate, designed by callison architects and interior Designers, and German cabinetry by Eggersmann. Enso home are your base camp for life.

Schedule a Showing

Address

820 Blanchard Street, #1607

PriCe

$1,575,000

bedrooMs

2 (Plus Office & Den)

bAThrooMs

1.75

PArking

3 spaces (Secured)

YeAr bUilT

2009

size

2,279 SF (per King Co. Tax Records)

hod

$1,747/ month

TAxes

$13,142 / year (Tax Year of 2014)

bUilding feATUres

concierge (part Time), club room (Full Kitchen), Fitness center, Yoga / Flex room, Dog area (Outdoor-covered), Terrace (patio), a/c (Entire Building), Secured parking (assigned)

pRopeRty details

View The Enso profile

View more photos and Details

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featured in our next edition…

hillclimb courtpiKE placE marKET’S UrBaN OaSiS

Address

1425 Western avenue

ToTAl # of UniTs

35 (entire complex)

YeAr bUilT

1982

AMeniTies

Terrace (courtyard), a/c (Some Units), Secured parking (assigned)

This newsletter is provided to you at no charge as a continuing service from the Stroupe Group. information is not guaranteed to be error-free and should not be relied upon. all information should be verified. please feel free to contact us with any questions or comments. if your property is currently listed, this is not a solicitation for that listings. Each office is independently owned and operated.

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