1

inside this issue

jan uary 2014 E D ITIOn | SaLES STaTS FOr DEcE m b E r 2013

Featured buildingThe bellora

market analysisSeattle area Trends & Prices

Sold Listings Last monthDowntown Seattle, Queen anne & capitol Hill / Eastlake

Featured Listingrare Three bedroom unit at bay Vista with views

020304

07

c o n d o s c o o p

206.910.5000www.stroupe.com

View the bellora Profile

2

bellora’s mantra, Live well. Work Smart. Play Often. bellora is your urban retreat offering seclusion from the buzz of the city. In each of bellora’s 94 condominium units, you will find contemporary décor and full wall windows that add plenty of natural light. built in 2003, The bellora is a luxurious high-rise that includes studios, 1-bedrooms plus dens, 2-bedrooms plus dens, penthouses and unique 2 story live/work lofts that range from 488 to 2,000 square feet. Highlights of the japanese influence building features bamboo and cork flooring, and Shoji walls (which divide the master bedroom from the living space), extra- large kitchens with stainless steel appliances, computer niches, central gas heat and air conditioning in every unit, coffered ceilings soar to 9’ or higher in living areas, and high-speed wiring that keeps you connected to the world. many homes also have views of the Olympic mountains and Puget Sound. building features include lobby entry, fitness center and some stackable parking spaces.

featured building

the belloraLIVE WELL. WOrk SmarT. PLay OFTEn.

Address

2716 Elliott avenue

neighborhood

belltown

ToTAl # of UniTs

94 (including commercial)

YeAr bUilT

2003

ToTAl sTories

12 + Penthouse

lisTing hisTorY, PAsT 12 MonThs

(From 1/1/13 to 12/31/13)

Total # of Units listed: 7 (units that were relisted after coming off the market are counted as one)

Total # of Unit sales: 4 (plus zero sold subject to inspection, zero pending sales)

Currently Active on Market: 0 (as of 1/5/14)

sAles hisTorY, PAsT 12 MonThs

Average-Unit orig. list Price: $589,500

Average-Unit sale Price: $580,625

list / sold Price ratio: 98.5%

Average- sold Price per sq/ft: $489.77

Average Market Time: 16 days (One sale had 413 days on the market which pushed the averages higher)

AMeniTies

concierge (part time), Fitness center, Terrace (patio), a/c (Entire building), Secured Parking (assigned)

Building Facts & stats

View the bellora Profile

move into the current

206.910.5000www.stroupe.com 3

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 Prices2012 2013

List $576,544 List $549,066

Sold $562,611 Sold $531,032

-2.42% Variance -3.28% Variance

Sold Listings

36

31

-13.9% Change

Average $ / SF

$513

$527

2.7% Change

Average Prices2012 2013

List $287,464 List $362,831

Sold $284,509 Sold $355,293

-1.03% Variance -2.08% Variance

Sold Listings

11

29

163.64% Change

Average $ / SF

$307

$357

16.29% Change

Average Prices2012 2013

List $349,221 List $380,569

Sold $338,221 Sold $375,059

-3.1% Variance -1.45% Variance

Sold Listings

42

34

-19.05% Change

Average $ / SF

$372

$387

4.03% Change2012December

2013 2012December

2013

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.

$800k

$700k

$600k

$500k

$400k

$300k

$200k

downtown seattle

Queen anne

capitol Hill / eastlake

D j F m a m j j a S O n D2012 2013

aVeRage sold pRices FoR tHe past 12 MontHs, deceMBeR 2012 – deceMBeR 2013

2012December

2013

4

listings

sold listings last month downtown seattle

Arbor Place 121 Vine St 1105 1,063 405 2 2 25 $ 450,000 $ 430,000 121 Vine St 2406 787 463 1 1 25 $ 369,000 $ 364,000

Avenue one 2721 1st ave 702 1,338 463 2 2 9 $ 640,000 $ 620,000 2721 1st ave 803 720 507 1 1 9 $ 365,000 $ 365,000

Cosmopolitan 819 Virginia St 2602 1,310 519 2 1.75 7 $ 725,000 $ 680,000 819 Virginia St 800 481 1 1 7 $ 379,000 $ 385,000

escala 1920 4th ave 1711 1,607 597 2 2 5 $ 959,000 $ 959,000 1920 4th ave 608 1,607 454 2 2 5 $ 729,000 $ 729,000 1920 4th ave 1710 910 603 1 1.5 5 $ 549,000 $ 549,000

Klee 2717 Western ave 438 896 413 2 1.75 13 $ 370,000 $ 370,000 2717 Western ave 5008 711 422 1 1 13 $ 307,500 $ 300,000

olive 8 737 Olive Wy 2102 1,586 549 2 2 5 $ 899,000 $ 870,000 737 Olive Wy 3406 808 699 1 1 5 $ 590,000 $ 565,000

other Properties 1000 1st ave 1900 1,980 909 2 2.25 8 $ 1,975,000 $ 1,800,000 1521 2nd ave 1102 1,729 665 2 2 6 $ 1,150,000 $ 1,150,000 88 Virginia St 5 1,746 630 3 2.5 32 $ 1,149,000 $ 1,100,000 2000 1st ave 1204 1,523 575 2 2 20 $ 898,000 $ 875,000 2801 1st ave 1106 905 506 2 1.75 13 $ 475,000 $ 457,500 2030 Western ave 504 780 519 1 1 25 $ 415,000 $ 405,000 2125 1st ave 1303 820 435 1 1 33 $ 400,000 $ 357,000 510 6th ave S 701 1,146 305 2 1.75 15 $ 350,000 $ 350,000 159 Denny Wy 101 837 418 1 1.5 8 $ 349,900 $ 350,000 1500 4th ave 905 710 472 1 1 105 $ 330,000 $ 335,000 2720 3rd ave 709 629 485 1 1 6 $ 305,000 $ 305,000 2600 2nd ave 811 781 367 1 1 21 $ 308,888 $ 287,000 900 Lenora St W-408 543 516 1 1 7 $ 284,950 $ 280,000 2415 2nd ave 547 783 358 2 1 20 $ 295,000 $ 280,000 2721 1st ave 404 510 538 1 1 9 $ 280,000 $ 274,500 2929 1st ave 1115 386 609 0 1 14 $ 249,000 $ 235,000 2440 Western ave 409 638 368 1 1 16 $ 244,900 $ 235,000 76 cedar St 907 640 313 1 1 7 $ 229,900 $ 200,000

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

move into the current

206.910.5000www.stroupe.com 5

listings

sold listings last month Queen anne

415 W mercer St 1101 3,008 374 2 1.5 51 $ 1,190,000 $ 1,125,000 1907 Taylor ave n 2 1,618 472 2 1.75 15 $ 725,000 $ 763,000 22 Lee 301 1,752 419 2 2.5 7 $ 749,950 $ 734,585 1008 6th ave n 302 1,354 397 2 2.5 15 $ 545,000 $ 537,000 2410 aurora ave n 105 1,638 275 2 2.25 27 $ 479,000 $ 450,000 701 Galer Street 614 1,324 316 2 2.25 22 $ 425,000 $ 418,000 801 2nd ave n 203 1,031 397 2 1.75 20 $ 409,000 $ 409,000 2040 13th ave W 43 1,089 344 2 1.75 25 $ 389,900 $ 375,000 520 2nd ave W 410 791 469 2 1 22 $ 359,000 $ 371,000 201 Galer St 311 719 494 1 1 106 $ 379,888 $ 355,000 530 4th ave W 410 859 390 1 1 11 $ 340,000 $ 335,000 701 1st ave n 201 1,044 299 1 1 14 $ 299,999 $ 312,000 2108 Warren ave n 303 829 368 2 1.75 20 $ 320,000 $ 305,000 566 Prospect St 303 795 377 2 1.75 25 $ 308,500 $ 300,000 530 W Olympic Place 101 832 361 2 1.5 65 $ 299,950 $ 299,950 17 W mercer St 308 713 407 1 1 12 $ 299,000 $ 290,000 655 crockett St b- 407 789 361 1 1 10 $ 309,000 $ 285,000 415 W mercer St 602 926 302 1 1 51 $ 279,900 $ 280,000 1965 12th ave W 202 1,160 237 2 1.75 38 $ 289,900 $ 275,000 420 Valley St W-204 734 371 2 1.75 23 $ 250,000 $ 272,511 550 aloha St 403 744 356 1 1 33 $ 264,950 $ 264,950 655 crockett St a-404 677 377 1 1 10 $ 259,900 $ 255,000 524 6th ave W 306 500 428 1 1 17 $ 219,000 $ 214,000 3608 14th ave W 101 660 303 1 1 47 $ 209,950 $ 200,000 220 W Olympic Place 110 738 271 1 1 84 $ 205,000 $ 200,000 1427 3rd ave W 16 700 263 1 1 84 $ 200,000 $ 184,000 2145 Dexter ave n 306 706 234 1 1 29 $ 179,900 $ 165,000 519 W roy St 213 535 308 0 1 84 $ 171,900 $ 165,000 919 2nd ave W 403 558 293 1 1 54 $ 163,500 $ 163,500

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.

66

listings

sold listings last month capitol Hill / eastlake

909 E newton St c-6 & 7 4,248 351 4 3 36 $ 1,595,000 $ 1,490,500 726 boylston ave E 3 1,635 642 2 2.5 9 $ 979,000 $ 1,050,000 745 bellevue ave E 305 1,960 510 3 2 8 $ 1,100,000 $ 1,000,000 1100 E union 2-D 2,200 364 1 0.75 98 $ 849,000 $ 800,000 1301 Spring St 7-F 1,290 466 2 1.75 32 $ 599,000 $ 601,000 2225 Eastlake ave E 109 1,289 401 3 1.75 93 $ 529,000 $ 517,000 1804 11th ave 1,027 487 1 1.5 8 $ 479,500 $ 500,000 1400 Hubbell Place 1602 1,280 340 2 1.75 57 $ 440,000 $ 435,000 319 Summit ave E 201 819 451 1 1 7 $ 375,000 $ 369,000 2020 broadway E 1 1,035 307 1 1 92 $ 324,950 $ 318,000 124 bellevue ave E 506 762 415 1 1 7 $ 350,000 $ 316,000 521 Summit ave E 103 984 318 2 1.75 30 $ 315,000 $ 313,000 721 boylston ave E 103 680 459 1 1 84 $ 289,950 $ 312,000 509 E Harrison St b 802 380 2 1 61 $ 309,000 $ 305,000 525 16th ave E 203 674 423 1 1 87 $ 265,000 $ 285,000 308 Summit ave E 402 620 448 1 1 47 $ 265,000 $ 277,500 700 E Denny Wy 404 500 530 1 1 14 $ 265,000 $ 265,000 2960 Eastlake ave E 205 703 377 1 1 6 $ 269,000 $ 265,000 2909 Franklin ave E b 939 281 2 1 106 $ 237,500 $ 264,206 1707 boylston ave 105 665 392 1 1 49 $ 259,000 $ 260,500 1601 E columbia St 104 849 306 2 1 33 $ 265,000 $ 260,000 615 boren ave 1 1,085 240 3 1 105 $ 279,950 $ 260,000 435 Summit ave E 103 701 364 1 1 33 $ 265,000 $ 255,000 211 Summit ave E n-306 557 431 1 1 30 $ 240,000 $ 240,000 2350 10th ave E 104 598 380 1 1 29 $ 217,000 $ 227,000 2634 Franklin ave E 202 583 377 1 1 87 $ 219,900 $ 219,900 2903 Franklin ave E b 789 276 1 1 105 $ 224,950 $ 218,000 308 E republican St 808 675 318 1 1 53 $ 219,000 $ 214,500 2727 Franklin ave E 302 434 442 1 1 26 $ 194,900 $ 192,000 3121 Franklin ave E 34 569 323 1 1 86 $ 189,000 $ 184,000 308 E republican St 210 664 245 1 1 53 $ 159,950 $ 163,000 211 Summit ave E S-216 383 392 0 1 30 $ 150,000 $ 150,000 300 10th ave b-301 553 253 1 1 24 $ 139,900 $ 139,900 1114 17th ave D 366 232 0 1 87 $ 79,900 $ 85,000

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

move into the current

206.910.5000www.stroupe.com 7

featured listing

rare unit at bay vista with viewsuPDaTED THrEE bEDrOOm WITH bEauTIFuL SOunD anD cITy VIEWS

a rare opportunity to own a 3 bedroom in-city home in the distinctive bay Vista Tower. Surrounded by views of mt. rainier, Puget Sound & Olympic mountains, this westerly facing unit draws in abundant natural light, and truly captures the essence of city living. Gleaming bamboo floors, custom built wall units, inviting chef’s kitchen w/ gas cooking, central a/c & generous storage space. Impressive amenities include pool, spa, gym, club room, guest suite, sports court, walking track & bbQ. Located in vibrant belltown with restaurants, shops, the waterfront, Sculpture park, & Pikes market close by.

Schedule a Showing

Address

2821 2nd avenue, #801

PriCe

$735,000

bedrooMs

3

bAThrooMs

1.75

PArKing

1 space (Secured)

YeAr bUilT

1982

size

1,465 SF (per King Co. Tax Records)

hod

$1,224/ month

TAxes

$4,671 / year (Tax Year of 2013)

bUilding feATUres

concierge (full time), Guest Suite (one), Pool (indoor), Hot Tub (indoor), Sauna, business center, conference room, club room (full kitchen), Fitness center, Fitness court, Terrace (rooftop and Patio), a/c (Entire building), Secured Parking (assigned)

pRopeRty details

View the bay Vista Profile

View more Photos and Details

8

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…

bay VistaGracEFuL abunDancE

Address

2821 2nd avenue

ToTAl # of UniTs

77

YeAr bUilT

1982

AMeniTies

concierge (full time), Guest Suite (one), Pool (indoor), Hot Tub (indoor), Sauna, business center, conference room, club room (full kitchen), Fitness center, Fitness court, Terrace (Patio), a/c (Entire building), 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.

View the bay Vista Profile