inside this issue

JAN UARY 2013 E D ITION | SALES STATS FOR DECE M B E R 2012

Featured BuildingThe Vine Building

Market AnalysisSeattle area Trends & Prices

Sold Listings Last MonthDowntown Seattle, Queen Anne & Capitol Hill / Eastlake

Featured ListingBelltown Penthouse

020304

07

c o n d o s c o o p

206.910.5000www.stroupe.com

View the Vine Building Profile

The Vine condominium is a combination of two buildings. The north building is 12 stories, while the south building is 6 stories. Designed by one of the foremost design firms on the West Coast GGLO Architects, the Vine was built with integrated thinking and is an outstanding project. The two towers house 175 luxury condominiums featuring Northwest Architecture. Unique floor plans for studios, lofts, one and two bedrooms plus penthouses. With amenities such as 24/7 concierge service, high tech club room, state of the art fitness center, controlled access and secure parking, there is no better living then at the Vine. Enjoy 3000 square feet of rooftop terrace for BBQs with friend and neighbors while relishing the views of Elliott Bay and Seattle city lights. Or, during the winter months, cozy up next to the gas log fireplace offered in each private residence. And don’t forget about your out of town guests. During their visit they can relax in one of two fully furnished guest suites and take advantage of all the Vine amenities. With all this to offer, it is all luxury living at the Vine.

featured building

the vine buildingSIGNATURE BELLTOWN CONDOMINIUMS

Address

2607 Western Avenue

ToTAl # of UniTs

175 (not including commercial)

YeAr BUilT

2002

ToTAl sTories

12 and 6 (two attached buildings)

lisTing HisTorY, PAsT 12 MonTHs

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

Total # of Unit sales: 9 (plus zero sold subject to inspection, one pending sales)

Currently Active on Market: 3 (as of 01/10/13)

sAles HisTorY, PAsT 12 MonTHs

Average-Unit orig. list Price: $486,527

Average-Unit sale Price: $445,328

list / sold Price ratio: 91.53%

Average Market Time: 204 days

AMeniTies

24/7 Concierge service, Fitness Center, Club Room, Two Guest Suites, Rooftop deck

Building Facts & stats

View the Vine Building Profile

move into the current

206.910.5000www.stroupe.com

market analysis

local market activityMARKET TRENDS, PRICING AND SALES FOR THE PAST MONTH IN THE SEATTLE AREA

downtown seattle Queen anne capitol Hill/eastlake

downtown seattle Queen Anne Capitol Hill/eastlake

aVeRage sold pRices FoR tHe past 12 MontHs, JanuaRY 2012 – deceMBeR 2012

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

$700K

$600K

$500K

$400K

$300K

$200K

downtown seattle$562,611 (2.4 %)

Queen anne$284,509 (1%)

capitol Hill / eastlake$338,221 (3.1%)

Average Prices2011 2012

List $608,103 List $576,544

Sold $571,204 Sold $562,611

6.07% Variance 2.4% Variance

Sold Listings

36

36

0% Change

Average $ / SF

$507

$513

+1.2% Change

Average Prices2011 2012

List $217,137 List $287,464

Sold $211,260 Sold $284,509

2.7% Variance 1.0% Variance

Sold Listings

15

11

-36.4% Change

Average $ / SF

$261

$307

+17.62% Change

Average Prices2011 2012

List $327,171 List $349,221

Sold $307,554 Sold $338,221

6.0% Variance 3.1% Variance

Sold Listings

34

42

19.05% Change

Average $ / SF

$330

$372

+12.73% Change

J F M A M J J A S O N D J 2012 2013

2011December

2012 2011December

2012 2011December

2012

listings

sold listings last month

downtown seattle

escala 1920 4th Ave 2902 1,878 812 2 2.5 4 $ 1,524,000 $ 1,524,000 1920 4th Ave 2008 1,607 600 2 2 4 $ 969,000 $ 964,000 1920 4th Ave 1211 1,607 497 2 2 4 $ 799,000 $ 799,000 1920 4th Ave 402 1,607 435 2 2 4 $ 699,000 $ 699,000 1920 4th Ave 811 1,607 435 2 2 4 $ 699,000 $ 699,000 1920 4th Ave 509 910 482 1 1.5 4 $ 429,000 $ 439,000

Marselle 699 John St 619 846 396 1 1.5 4 $ 339,000 $ 335,000 699 John St 107 842 341 1 1.5 4 $ 294,990 $ 287,500

olive 8 737 Olive Way 3707 834 689 1 1.5 4 $ 585,000 $ 575,000 737 Olive Way 3507 834 653 1 1.5 4 $ 565,000 $ 545,000 737 Olive Way 3407 834 635 1 1.5 4 $ 555,000 $ 530,000 737 Olive Way 3103 823 620 1 1.5 4 $ 525,000 $ 510,000 737 Olive Way 3304 680 713 1 1 4 $ 495,000 $ 485,000 737 Olive Way 3610 650 692 1 1 4 $ 455,000 $ 450,000

Vine 2607 Western Ave 1207 1,097 556 2 1.75 11 $ 619,900 $ 610,000 2607 Western Ave 903 1,354 425 2 2 11 $ 595,000 $ 575,007

other Properties 1521 2nd Ave 2503 1,644 1,034 2 1.75 5 $ 1,875,000 $ 1,700,000 1000 1st Ave 1901 1,769 947 2 2.5 7 $ 1,750,000 $ 1,675,000 2319 1st Ave 608 1,741 478 3 2 13 $ 899,000 $ 832,500 2030 Western Ave 706 1,299 423 2 1.75 24 $ 590,000 $ 550,000 2821 2nd Ave 904 1,318 391 2 1.75 31 $ 549,000 $ 515,0001415 2nd Ave 1204 1,004 497 2 1.5 22 $ 499,000 $ 499,000 2720 3rd Ave 1001 1,285 381 1 1.75 5 $ 482,000 $ 490,000 2600 2nd Ave 1203 878 476 2 2 20 $ 440,000 $ 418,000 2000 1st Ave 902 976 425 1 2 19 $ 415,000 $ 415,000 2801 1st Ave 206 878 467 2 1.75 12 $ 425,000 $ 410,000 819 Virginia St 2803 815 444 1 1 6 $ 339,000 $ 361,500 66 Bell St 209 872 366 1 0.75 13 $ 319,000 $ 319,000 510 6th Ave S 701 1,146 265 2 1.75 14 $ 299,000 $ 304,000 3104 Western Ave 510 794 375 1 1 5 $ 310,000 $ 297,500 2721 1st Ave 310 728 396 1 1 8 $ 299,950 $ 288,000 2100 3rd Ave 1803 779 356 1 0.75 40 $ 272,000 $ 277,000 526 1st Ave S 204 1,115 242 1 1 104 $ 274,950 $ 270,000 108 5th Ave S 501 920 255 2 1.75 12 $ 235,000 $ 235,000 2440 Western Ave 209 873 229 1 1 15 $ 154,900 $ 200,000 1119 1st Ave 215 659 259 1 1 111 $ 179,888 $ 171,000

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

move into the current

206.910.5000www.stroupe.com

listings

sold listings last month

Queen anne

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.

110 W Highland Dr 310 1,509 414 2 1.75 92 $ 646,750 $ 625,000 3003 14th Ave W 204 1,080 361 2 1.5 25 $ 385,000 $ 390,000 500 W Roy St W-209 1,031 376 2 2 31 $ 399,950 $ 388,000 18 Dravus St 207 932 311 2 2 14 $ 294,500 $ 290,000 2108 Warren Ave N 203 829 335 2 1.75 19 $ 277,500 $ 277,500 2253 Gilman Dr W 307 1,046 251 2 1.75 33 $ 269,000 $ 263,000 2040 13th Ave W 11 1,099 213 2 1.75 24 $ 239,900 $ 234,000 1525 Taylor Ave N 303 687 320 2 1 13 $ 218,000 $ 219,600 2530 15th Ave W 503 682 238 1 1 13 $ 162,500 $ 162,500 762 Hayes St 23 657 228 1 1 36 $ 154,000 $ 150,000 3420 15th Ave W 306 630 206 1 1 53 $ 115,000 $ 130,000

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

listings

sold listings last month

capitol Hill / eastlake

726 Boylston Ave E 12 2,270 698 2 2.25 8 $ 1,895,000 $ 1,585,000 1175 Broadway Ave E 6 2,007 710 2 2.25 3 $ 1,475,000 $ 1,425,000 914E Highland Dr 914 1,675 463 2 2.25 34 $ 785,000 $ 775,000 1000 Union St PH-A 1,432 399 2 1.75 48 $ 599,950 $ 572,000 530 Broadway E 138 977 513 2 2.5 6 $ 489,000 $ 501,000 1408 12th Ave 402 820 543 1 1 6 $ 469,500 $ 445,000 1301 Spring St 5-A 1,265 336 2 1.75 31 $ 465,000 $ 425,000 717E Denny Wy 2-C 1,195 347 3 2 11 $ 435,000 $ 415,000 3217 Eastlake Ave E 312 1,384 293 2 1.75 9 $ 399,000 $ 406,000 1119 Lk. Wash. Blvd 1121 906 397 2 1 65 $ 364,950 $ 360,000 1100 17th Ave 402 1,100 323 2 1 84 $ 359,950 $ 355,000 2035 Eastlake Ave E 201 908 391 2 1.75 12 $ 358,880 $ 355,000 1812 19th Ave 211 961 343 1 1 10 $ 329,900 $ 329,900 1100 E Harrison St 102 1,040 308 2 2 26 $ 319,950 $ 319,950 320 Melrose Ave E 402 965 321 2 2 47 $ 315,000 $ 310,000 827 Hiawatha Place S 101 1,209 256 2 2 3 $ 319,500 $ 309,900 1740 Melrose Ave 202 1,096 268 2 1.5 50 $ 299,950 $ 294,000 311 E Republican St 600 780 365 2 1 10 $ 284,950 $ 285,000 75 E Lynn St 403 873 323 1 1 47 $ 279,950 $ 282,000 1420 Terry Ave 303 616 422 1 1 11 $ 249,900 $ 260,000 1408 12th Ave 308 615 423 1 1 6 $ 259,950 $ 259,950 827 Hiawatha Place S 607 858 297 2 1 3 $ 247,900 $ 255,100 1414 E Harrrison St F 900 264 1 1 106 $ 238,500 $ 238,000 1100 17th Ave 306 788 301 1 1 84 $ 239,900 $ 237,500 1000 Union St 313 600 384 1 1 48 $ 215,000 $ 230,500 400 Melrose Ave E 607 818 275 1 1 46 $ 214,950 $ 225,000 827 Hiawatha Place S 409 858 254 2 1 3 $ 224,900 $ 218,000 412 11th Ave 402 760 276 1 1 11 $ 170,000 $ 210,000 1017 Minor Ave 202 801 262 1 1 83 $ 190,000 $ 210,000 1926 Fairview Ave E 311 887 237 1 1.5 23 $ 210,000 $ 210,000 827 Hiawatha Place S 210 858 245 2 1 3 $ 209,900 $ 209,900 400 Boylston Ave E 1 610 311 1 1 82 $ 199,995 $ 190,000 417 E Pine St 210 592 313 1 1 94 $ 194,300 $ 185,500 1125 E Olive 402 511 352 0 1 12 $ 180,000 $ 180,000 827 Hiawatha Place S 413 555 319 1 1 3 $ 187,900 $ 177,000 905 Cherry St 704 653 268 1 1 44 $ 149,000 $ 175,000 1400 Hubbell Place 1304 492 335 1 1 56 $ 159,950 $ 165,000 752 Bellevue Ave E 312 448 357 1 1 57 $ 170,000 $ 160,000 124 Bellevue Ave E 600 460 337 0 1 6 $ 155,000 $ 155,000 411 Boylston Ave E 206 457 306 0 1 83 $ 139,900 $ 139,900 1732 15th Ave 26 501 210 1 1 104 $ 125,000 $ 105,000 215 17th Ave E 9 261 345 0 1 99 $ 89,900 $ 90,000

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

move into the current

206.910.5000www.stroupe.com

featured listing

belltown penthouseExQUISITE URBAN PENTHOUSE IN ONE OF SEATTLE’S FINEST BUILDINGS — THE VINE

Enjoy stunning city lights, Space Needle & Sound views from this gorgeous corner top floor penthouse unit. Refined quality, seduction at every turn. Great care & design touches are apparent w/ stunning strand woven bamboo flooring, custom FP, Asian hand carved wood & capiz shell paneled door, A/C and wall bed unit. Gourmet Kitchen includes slab granite, Sub-Zero, Dacor & Asko appliances, striking cork flooring. Two secured car parking spaces. The Vine is an award winning concrete & steel building with 24/7 concierge, Gym, Guest Suites, Club Room and Seattle’s finest patio. Premier building features 24 hour Concierge, Fitness Center, Club Room, Guest Suites and Seattle’s finest rooftop patio. Best location in Belltown.

Schedule a Showing

Address

2607 Western Avenue, #1201

PriCe

$699,000

BedrooMs

2

BATHrooMs

1.75

PArking

2 spaces (secured)

YeAr BUilT

2002

size

1,222 SF (per King Co. Tax Records)

Hod

$844/ month

TAxes

$5,452 / year (2012)

BUilding feATUres

24/7 Concierge service, Fitness Center, Club Room, Guest Suites, Rooftop Patio, concrete steel construction, central Belltown location.

pRopeRtY details

View the Vine Building Profile

View more Photos and Details

2 0 6 . 9 1 0 . 5 0 0 0 | w w w . s t r o u p e . c o m

subscribe to future editions of stroupe’s Condo scoop

featured in our next edition…

the cristalla buildingAddress

2033 2nd Avenue, Seattle

ToTAl # of UniTs

195 (including commercial)

YeAr BUilT

2005

AMeniTies

24/7 Concierge, Indoor Hot Tub, Sauna, Steam Room, One Guest Suite, Business Center, Conference Room, Club Room, Movie Room, Wine Storage (privately owned), Fitness Center, Yoga / Flex Room, Outdoor dog area, Rooftop terrace.

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.

View the Cristalla Building Profile