APRIL 2016 EDITION | SALES STATS FOR MARCH 2016 ROYAL MANOR ROYAL inside this issue 02 Featured Building Royal Manor Featured Listing 03 Delightful Corner Unit at the Concord 05 Downtown Seattle, Queen CONDO SCOOP Anne, Capitol Hill / Eastlake PUGET SOUND Market Analysis & Sold Listings 08 Ballard/Greenlake, North & West Seattle Market Analysis & Sold Listings 12 Kirkland & Bellevue Market Analysis & Sold Listings 206.910.5000 www.stroupe.com 1 featured building royal manor CLASSIC FIRST HILL HIGH-RISE BUILDING FACTS & STATS ADDRESS SALES HISTORY, PAST 12 MONTHS 1120 8th Avenue Average-Unit Original List Price: NEIGHBORHOOD $632,500 First Hill Average-Unit Sale Price: TOTAL # OF UNITS $597,167 64 List / Sold Price Ratio: YEAR BUILT 94% 1970 Average-Sold Price per sq ft: TOTAL STORIES $479.65 (no 13th floor) 22 Average Market Time: 38 days LISTING HISTORY, PAST 12 MONTHS AMENITIES (From 4/1/2015 to 3/31/2016) Club Room with a Full Kitchen, Fitness Total # of Units Listed: 6 Located on one of the beautiful, tree-lined avenues of First Hill, Royal Manor is one Center, Air Conditioning in Common (Units that were relisted after coming of Seattle’s classic, original high-rises. Located across the street from Town Hall, the Spaces and Some Units, Patio Terrace, off the market are counted as one) 22-floor building was constructed in 1970. Royal Manor’s 64 units range in size from Secure Assigned Parking one to three bedrooms, with many of the homes boasting floor-to-ceiling windows Total # of Unit Sales: 6 and spectacular views of the city skyline. The newly updated building amenities (plus zero sold subject to include a large club room with a gas-burning fireplace and a well-equipped kitchen inspection, two pending sales) as well as a fitness room. In addition, the residents of First Hill’s Royal Manor can Currently Active on Market: 0 enjoy an expansive wraparound terrace with multiple fire pits and BBQs. With a (as of 04/5/15) WalkScore of 96, Royal Manor is sure to appeal to a wide audience. 2 featured listing delightful corner unit at the concord LIVE IN THE HEART OF BELLTOWN James Stroupe and Julie Roh of the Stroupe Group are proud to present a delightful PROPERTY DETAILS corner unit in the Concord flooded with light from floor-to-ceiling windows. Unit features include warm cherry wood cabinetry, granite counter tops with stylish glass bar, air conditioning, a large den (perfect for a guest bedroom!), a gas fireplace and a ADDRESS HOD private deck. A secured handicapped parking space and a storage unit are included. The 2929 1st Avenue #317, Seattle $628/month Concord features a fantastic location, with a walk score of 97! The waterfront, Olympic PRICE YEAR BUILT Sculpture Park, Seattle Center and some of the best restaurants are just a couple of $485,000 2000 minutes away. Wonderful amenities: around-the-clock concierge services, fitness center, BEDROOMS SIZE an indoor hot tub, a sauna, a club room and even a guest suite. No rental Cap! 1 + Den 883 SF (Per King Co. Tax Records) BATHROOMS 1 TAXES $3,652 / year PARKING (Tax Year of 2015) 1 Secured Parking Space Full Time Concierge, Guest Suite, Conference Room, Business Center, Club Room with a Full Kitchen, Fitness Center, Sauna, Indoor Hot tub, Rooftop and Courtyard Terraces, Air Conditioning in Common Spaces and Some Units, Assigned Secure Parking move into the current 206.910.5000 www.stroupe.com 3 SEATTLE local market activity MARKET TRENDS, PRICING & SALES FOR THE PAST MONTH DOWNTOWN SEATTLE QUEEN ANNE CAPITOL HILL/EASTLAKE MARCH MARCH MARCH Average Prices Average Prices Average Prices 2015 2016 2015 2016 2015 2016 List $560,872 List $689,439 List $375,676 List $431,148 List $368,796 List $475,903 Sold $557,986 Sold $680,158 Sold $384,192 Sold $444,433 Sold $371,740 Sold $495,227 99.5% of List Price 98.7% of List Price 102.3% of List Price 103.1% of List Price 100.8% of List Price 104.1% of List Price Sold Listings Average $ / SF Sold Listings Average $ / SF Sold Listings Average $ / SF 41 2015 $574 2015 33 2015 $412 2015 34 2015 $417 2015 25 2016 $551 2016 30 2016 $482 2016 49 2016 $505 2016 -39.0% Decrease -4.0% Decrease -9.1% Decrease 16.9% Increase 44.1% Increase 21.1% Increase Days on Market Days on Market Days on Market Days on Market Days on Market Days on Market 2015 2016 2015 2016 2015 2016 54 139 36 18 35 18 157.4% Increase -50% Decrease -48.6% Decrease Days on Market: Average cumulative Days on Market Days on Market: Average cumulative Days on Market Days on Market: Average cumulative Days on Market for all listings. This includes units that have been for all listings. This includes units that have been for all listings. This includes units that have been relisted within a 90 day period. relisted within a 90 day period. relisted within a 90 day period. AVERAGE SOLD PRICES FOR THE PAST 12 MONTHS, MARCH 2015 - MARCH 2016 $800K $700K Downtown Seattle $680,158 (21.9%) $600K Queen Anne $500K $444,433 (15.7%) $400K Capitol Hill / Eastlake $495,227 (33.2%) $300K Figures reflect the average, not median, sold price for the last 12 months; large fluctuations in the average price of listings $200K may be due to a few exceptionally priced sales affecting the overall average. Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb 2015 2016 Downtown Seattle Queen Anne Capitol Hill/Eastlake 4 sold properties sold listings last month DOWNTOWN SEATTLE CONDO SALES ADDRESS BED BATH SQ.FT. $ / SF YEAR BUILT DAYS ON MARKET* LIST PRICE SOLD PRICE ARBOR PLACE 121 Vine Street #2205 2 1.75 1,063 $564 1989 12 $600,000 $585,000 121 Vine Street #1105 2 1.75 1,063 $517 1989 28 $550,000 $545,000 AVENUE ONE 2721 1st Avenue, #1208 2 2 1,235 $628 2005 102 $775,000 $763,000 2721 1st Avenue, #610 1 1 721 $603 2005 4 $434,950 $455,000 CONTINENTAL PLACE 2125 1st Avenue, #3003 1 1 832 $960 1981 28 $799,000 $799,000 2125 1st Avenue, #1105 1 1 700 $764 1981 236 $535,000 $525,000 ESCALA 1920 4th Avenue, #1508 2 2 1,607 $683 2010 5 $1,098,000 $1,098,000 1920 4th Avenue, #602 2 2 1,607 $607 2010 8 $975,000 $975,000 1920 4th Avenue, #1512 1 1.5 952 $682 2010 74 $649,500 $635,000 1920 4th Avenue, #1210 1 1.5 910 $687 2010 1 $625,000 $625,000 GALLERY 2911 2nd Avenue, #1213 1 1 603 $730 2009 8 $439,900 $455,000 2911 2nd Avenue, #1214 1 1 603 $705 2009 6 $425,000 $450,000 OLIVE 8 737 Olive Way, #1905 2 2 1,350 $666 2009 4 $899,000 $906,000 737 Olive Way, #2101 1 1 689 $820 2009 11 $565,000 $566,000 TRIO 3104 Western Avenue, #312 0 0 516 $659 2008 4 $340,000 $340,000 3104 Western Avenue, #617 0 1 506 $672 2008 6 $340,000 $340,000 OTHER PROPERTIES 2600 2nd Avenue, #2402 3 3 3,205 $778 1993 23 $2,495,000 $2,450,000 2000 1st Avenue, #2602 2 2.25 2,391 $1,025 1994 4 $2,450,000 $2,475,000 819 Virginia Street, #2202 2 1.75 1,316 $608 2007 9 $800,000 $800,000 900 Lenora Street, #W-907 2 1.75 1,206 $646 2006 69 $779,000 $779,000 2030 Western Avenue, #506 2 1.75 1,299 $577 1989 5 $750,000 $750,000 2621 2nd Avenue, #704 2 1.75 1,185 $447 1980 7 $529,800 $535,000 526 1st Avenue, S #409 2 1.75 1,260 $377 1909 15 $475,000 $475,000 1500 4th Avenue, #702 1 1 883 $538 1909 6 $475,000 $490,800 1415 2nd Avenue, #806 1 1 673 $667 1991 50 $449,000 $437,000 2821 2nd Avenue, #805 1 1.5 1,001 $425 1982 203 $425,000 $405,000 2720 3rd Avenue, #710 1 1 622 $662 2007 8 $412,000 $450,000 2201 3rd Avenue, #1905 1 1 557 $610 1979 9 $340,000 $340,000 425 Vine Street, #703 1 1.5 494 $658 1999 7 $325,000 $355,100 2440 Western Avenue, #512 1 1 513 $583 1998 71 $299,000 $285,000 2716 Elliott Avenue, #703 1 1 516 $562 2003 5 $290,000 $300,000 2132 5th Avenue, #201 0 1 418 $610 1922 12 $255,000 $265,000 move into the current 206.910.5000 www.stroupe.com 5 sold properties sold listings last month QUEEN ANNE CONDO SALES ADDRESS BED BATH SQ.FT. $ / SF YEAR BUILT DAYS ON MARKET* LIST PRICE SOLD PRICE THE TARMIGAN 2219 14th Avenue W, #102 1 1 720 $347 1978 5 $250,000 $263,000 2219 14th Avenue W, #303 1 1 760 $328 1978 13 $249,000 $275,000 OTHER PROPERTIES 100 Highland Drive, #410 2 2 1,514 $641 1921 4 $969,950 $970,000 1231 5th Avenue N, #302 2 2 1,923 $457 1992 97 $879,000 $879,000 2170 6th Street N, #301 2 2.5 1,652 $484 1994 12 $799,000 $770,000 1216 1st Avenue W, #204 2 1.75 1,083 $600 1916 8 $650,000 $726,000 557 Ward Street 3 2.5 1,739 $402 2000 8 $699,000 $708,000 514 Ward Street, #201 2 1.75 1,443 $454 1998 9 $655,000 $655,000 1813 4th Avenue W, #1813 2 1.5 957 $507 1900 7 $485,000 $575,000 1011 5th Avenue N, #103 2 1.75 1,232 $389 1985 6 $479,000 $550,000 1415 6th Avenue N, #502 2 2 1,164 $473 2002 6 $550,000 $540,000 22 John Street, #39 1 1 1,186 $412 1908 63 $489,000 $480,000 912 3rd Avenue W, #503 2 1.5 895 $492 1969 5 $439,950 $445,950 655 Crockett Street, #A-103 1 2 1,214 $362 2004 8 $439,950 $445,000 15 Prospect Street, #B-101 2 1 754 $597 1990 13 $450,000 $428,000 1401 5th Avenue W, #111 0 1 605 $660 1920 7 $399,000 $399,000 701 Galer Street, #414 1 1 870 $402 1992 8 $349,950 $380,000 1525 Taylor Avenue N, #405 2 1 681 $499 1960 6 $339,950 $380,000 1504 Aurora Avenue N, #406 1 1 600 $482 1991 8 $289,000 $355,000 129 Warren Avenue N, #D 1 0.75 662 $536 1907 7 $355,000 $355,000 1417 Queen Anne Ave N, #304 1 1 736 $469 1996 9 $344,950 $354,050 530 4th Avenue W, #208 1 1 710 $479 2003 5 $340,000 $350,000 323 Queen Anne Ave N, #310 1 1 510 $578 1999 8 $295,000 $301,000 621 5th Avenue N, #104 1 1 598 $501 1999 125 $299,750 $298,000 566 Prospect Street, #209 1 1 556 $486 1989 6 $270,000 $285,000 2530 15th Avenue W, #501 1 1 778 $334 2000 3 $260,000 $271,000 330 W Olympic Place #303 1 1 515 $544 1957 23 $280,000 $265,000 2000 W Barrett Street, #307 1 1 651 $338 1993 25 $220,000 $220,000 519 W Roy Street, #309 0 1 465 $449 1930 8 $209,000 $215,000 7 Harrison Street, #32 0 1 466 $427 1908 24 $199,000 $195,000 new construction INSIGNIA BED BATH SQ.FT.