13th Ave Ave E

E Olive St 12th Ave Lincoln E Roy St Boylston Ave E E Reservoir E Pike St E Union St E Mercer St Nagel Pl In-City Microclimate Cited for Luxury CondominiumsBelmont Ave E 11th Ave Bobby E Olive Way E Spring St E Republican St Morris Playfield Summit Ave E 10th Ave Broadway Lake Union Yale Ave N E Harrison St E Marion St Bellevue Ave E Valley St Harvard Ave

Aloha St Eastlake Ave E Melrose Ave E EATTLE — High-rise con- Minor Ave N E John St Boylston Ave University

Fairview Ave N Ave Fairview Million dollar+ Condominium Sales (2000 - YTd 2012) E Howell St Yale Ave N E Denny Way Belmont Ave Madison St SummitE Olive Ave St dominiums have become a Center City Harvard Ave Mercer St Pontius Ave N Roy St Bellevue Ave Broadway Boylston Ave South Lake Minor Ave N E Pike St front page story this week Union Park Melrose Ave E Pine St 7 E Union St View these homes Fairview Ave N Summit Ave Legend:Valley St Yale Ave 98122 when The Seattle Times reported 5 S Boren Ave N Minor Ave Volume of Condo Sales Boren Pine Pike Open 11 a.m.–6 p.m. daily Terry Ave N over 1 Million dollars Westlake Ave N Minor Ave Park Boren Ave on rising demand and dwindling Since 2000 (by building) Pike St and by appointment at 1521 Union St Howell St Howell 8 Dexter Ave N Boren Ave Terry Ave

Mercer St Aurora Ave N 9th Ave N University St Seneca Spring Madison supply in downtown Seattle. A Marion Columbia Cherry Second Ave., Seattle 9th Ave Terry Ave Central 6th Ave N Prospect St Republican8th AveSt N 20 6 recent blog post on www.Realog- Ward St Denny 9th Ave Washington State 8th Ave Playfield Proposed Streetcar Route 13 Convention Center Taylor Ave N Thomas St Freeway Aloha St 8th Ave Olive Way Park 8 7th Ave John St icsSothebysRealty.com further il- Harrison St Westlake Ave ValleyNob St Ave N 5th Ave N 7th Ave Prices

DennyPark Mercer St St Stewart 6th Ave 3rd Ave N lustrates the trends and suggests 6th Ave N Roy St 98109 98121 98101 5th Ave 98104 From $925,000 2nd Ave N Seattle 6th Ave 4 Public 2 Westlake Library Park Denny Way it’s now a seller’s market. One of Taylor Ave N 22 4th Ave 5th Ave Warren Ave N Metro Transit Tunnel 3rd Ave 4th Ave Benaroya Hall University St the most active market segments Pine St Pike St Union St

Columbia Cherry Virginia St Virginia Marion Spring

Madison Information Taylor Ave N

2nd Ave Seneca

2 3rd Ave Lenora St Lenora 11

Seattle Center SAM 23 Blanchard St Blanchard 112

is the luxury category above $1 4th Ave N 20 16 1st Ave Bell St Bell

Broad St Broad 2nd Ave 206-443-1521 or

Queen Anne Ave N 25 Battery St Battery 2 7 W Republican St 1st Ave 8 1 Western Ave 3 Public 1 2 million with seven recent clos- 1st Ave W 2nd Ave N 6 1 9 Mkt Bldg Victor FifteenTwentyOne.com Viaduct State Route 99 W Mercer St SteinbrueckPark 4 Western Alaskan Way 1st Ave N Warren Ave N Volume of $1M+ Condominium Sales 5 State Route 99

ings since March ranging be- 4 3 St Wall 1 6 In downtown Seattle’s Center City By Year (2012 Annualized) Vine St Vine 70 W Harrison St

Cedar St Cedar 4 60 Clay St Clay 50 tween $2.2 and $4.25 million. 10 St Broad Western1 Ave 4th Ave W 40

Eagle St Eagle 4 Bay St Bay 30 Olympic Elliott Ave Sculpture 20 W Thomas St Park Brokers are calling it a “flight to Elliott Ave W 10 W John St OlympicPark Sculpture 0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 AndOperated. Owned Independently Is Office ach quality” as there is inherently a e Burrus says. *2012 Statistics Annualized: Realogics Sotheby’s International Realty and King County Tax Records. Information has been obtained from sources deemed reliable but cannot be guaranteed. For questions, contact dean Jones at (206) 448-5752 limited supply of larger-scale, Myrtle Edwards Park The 440-foot-tall building has three to five homes per floor and water view and penthouse- quandary is what’s going to hap- is not really a commodity at all. includes protected water views of quality homes remaining on the pen when we sell out.” We offer features and benefits Elliott Bay — even from homes market. At Fifteen Twenty-One With 130 of 143 homes sold, Fif- that aren’t found elsewhere, and on the eastern side of the tower. Second Avenue there have been teen Twenty-One Second Avenue given that our homes are many Also significant are the build- 17 home sales (closed and pend- is more than 90 percent sold. The times the average size of a more ing’s Glass Rooms, which are in- ing) worth more than $32 mil- 13 remaining homes are priced typical condominium develop- door/outdoor spaces that feature lion since January 1. That repre- from $925,000 to $2.195 million. ment, we have far fewer homes folding window systems and, in sents more than half of this year’s Biniasz says that demand has to sell. many cases, a fireplace for year- total condominium sales priced most notably swelled since the “Also, given the profile of our round enjoyment. above $1 million in the city and beginning of the year — in part buyers who bought for the long Fifteen Twenty-One Second Ave- surrounding neighborhoods, due to the rebounding housing term versus speculative purpos- nue is located on Second Avenue says Julie Biniasz, a community market in the city, but also be- es, I’d guess we’ll see only a hand- between Pike and Pine streets, sales associate with Realogics So- cause there’s a far greater sense ful of resales per year,” she says. adjacent to Pike Place Market. theby’s International Realty. of urgency for those homebuyers Some prospective buyers have The planned waterfront park “Since its introduction, Fifteen that have been on the sidelines been sampling the lifestyle at Fif- that will replace the Alaskan Way Twenty-One Second Avenue has during the economic downturn. teen Twenty-One Second Avenue Viaduct will create a direct con- enjoyed an inordinate share of “They’ve been returning and by leasing a home, as highlighted nection from the community to luxury condominium home sales they’re motivated,” she says. “In in the Seattle Times article. Gene the water. in the Seattle area,” she says. “It all many cases, we’re selling to pro- Burrus, a Microsoft lawyer, mon- Several businesses have moved to comes down to design, consumer spective buyers who have toured itored the brisk sales of recent the city’s Market District, includ- preferences and availability. many times over the past months and worried his rent would rise. ing the global headquarters of “Considering that Fifteen Twen- and even years. They’ve kept a Or worse, he’d miss out on the Russell Investments, Kress IGA ty-One Second Avenue was spe- watchful eye on our sales mo- opportunity to own. In April he and the Hard Rock Café. A new cifically designed to meet the mentum and often comment on closed on a two-bedroom condo Target store is under construc- discerning expectations of an how well values have endured at Fifteen Twenty-One Second tion at street level of the New- affluent consumer profile, we’d the market correction. I attribute Avenue. “We definitely got the mark Tower at Second Avenue hope to command this sales suc- that to the fact that our product sense that now was the time,” cess now and always. The greater and Pike Street.