1

inside this issue

nove m b e r 2013 e D ITIon | SALeS STATS For ocTob e r 2013

Featured buildingSeattle Heights

market AnalysisSeattle area Trends & Prices

Sold Listings Last monthDowntown Seattle, Queen Anne & capitol Hill / eastlake

Featured Listing2 bedrooms, 2 decks at the royal crest

020304

07

c o n d o s c o o p

206.910.5000www.stroupe.com

view the Seattle Heights Profile

2

built in 1993, Seattle Heights was one of the first communities to use its energy efficiency as a way to attract buyers and earned an award for energy Smart Design by Seattle city Light. At the time, Seattle Heights’ Integrated comfort system for air conditioning, heating and ventilation was state-of-the-art for having an energy efficient system which was reported as 23% more energy efficient than local building codes required. Today, the 25-story tower has been improved even further with exterior sound and storm proofing. As for the amenities it’s tough to beat this building’s features. There is a newly remodeled lobby with 24/7 concierge service, an indoor pool, fitness room, hot-tub, sauna business center and a community room.

featured building

seattle heightsA unIQue urbAn vILLAge

Address

2600 2nd Avenue

neighborhood

belltown

ToTAl # of UniTs

240 (not including commercial)

YeAr bUilT

1993 (converted in 1987)

ToTAl sTories

26 (no 13th floor)

lisTing hisTorY, PAsT 12 MonThs

(From 11/1/12 to 10/31/13)

Total # of Units listed: 16 (units that were relisted after coming off the market are counted as one)

Total # of Unit sales: 10 (plus one sold subject to inspection, zero pending sales)

Currently Active on Market: 3 (as of 11/5/13)

sAles hisTorY, PAsT 12 MonThs

Average-Unit orig. list Price: $608,895

Average-Unit sale Price: $522,125

list / sold Price ratio: 85.75%

Average Market Time: 83 days (One sale had 413 days on the market which pushed the averages higher)

AMeniTies

concierge (Full Time), Pool (Indoor), Hot tub (outdoor - covered), Sauna, business center, club room (Full Kitchen), Fitness center, Terrace (Patio), A/c (entire building), Secured Parking (Assigned)

Building Facts & stats

view the Seattle Heights 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

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

Average Prices2012 2013

List $514,152 List $551,749

Sold $499,713 Sold $535,052

-2.81% Variance -3.03% Variance

Sold Listings

43

39

-9.30% Change

Average $ / SF

$476

$566

18.91% Change

Average Prices2012 2013

List $294,509 List $344,135

Sold $291,059 Sold $399,985

-1.17% Variance 16.23% Variance

Sold Listings

17

37

117.65% Change

Average $ / SF

$315

$367

16.51% Change

Average Prices2012 2013

List $333,156 List $315,470

Sold $323,265 Sold $316,864

-2.97% Variance 0.44% Variance

Sold Listings

44

45

2.27% Change

Average $ / SF

$359

$373

3.90% Change

o n D J F m A m J J A S o2012 2013

2012october

2013 2012october

2013

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

2012october

2013

listings

sold listings last month downtown seattle

2200 Westlake 910 Lenora St S-610 1,321 416 2 2 7 $ 579,950 $ 550,000 910 Lenora St 609 821 523 1 1 7 $ 429,000 $ 429,000

Concord 2929 1st Ave 1019 1,086 511 2 1.75 13 $ 579,000 $ 555,000 2929 1st Ave 701 935 548 1 1 13 $ 535,000 $ 512,500 2929 1st Ave 418 597 494 1 1 13 $ 315,000 $ 295,000

Cosmopolitan 819 virginia St 1210 1,315 418 2 2 6 $ 539,500 $ 550,000 819 virginia St 1901 980 526 1 1 6 $ 515,000 $ 515,000 819 virginia St 2806 738 504 1 1 6 $ 369,800 $ 371,900

harbour heights 2621 2nd Ave 1402 815 448 1 1 33 $ 369,000 $ 365,000 2621 2nd Ave 504 1,150 312 2 1.75 33 $ 349,888 $ 358,888 2621 2nd Ave 305 870 326 1 1 33 $ 279,950 $ 283,500

Klee 2717 Western Ave 1120 1,068 492 2 1.75 12 $ 525,000 $ 525,000 2717 Western Ave 7000 680 507 1 1 12 $ 349,000 $ 345,000

Mosler loft 2720 3rd Ave 1006 690 516 1 1 5 $ 360,000 $ 356,000 2720 3rd Ave 417 904 387 1 1 5 $ 355,000 $ 350,000 2720 3rd Ave 704 551 448 1 1 5 $ 249,000 $ 247,000

olive 8 737 olive Wy 3502 1,586 785 2 2 4 $ 1,250,000 $ 1,245,000 737 olive Wy 2809 690 688 1 1 4 $ 475,000 $ 475,000 737 olive Wy 2909 690 688 1 1 4 $ 485,000 $ 475,000 737 olive Wy 2101 689 631 1 1 4 $ 425,000 $ 435,000

Parc 76 cedar St 1308 1,016 510 2 1.75 5 $ 539,950 $ 518,500 76 cedar St 804 867 346 1 1.5 5 $ 329,900 $ 299,900

other Properties 1920 4th Ave 2701 2,442 1106 3 2.5 4 $ 2,795,000 $ 2,700,000 99 union St 1904 1,298 1618 1 1.5 5 $ 2,395,000 $ 2,100,000 1000 1st Ave 2302 1,444 592 2 2.5 7 $ 899,000 $ 855,000 2021 1st Ave c-8 1,581 411 2 2 27 $ 679,000 $ 650,000 2721 1st Ave 1007 1,150 522 2 1.75 8 $ 600,000 $ 600,000 2821 2nd Ave 1303 1,235 457 2 2 31 $ 599,000 $ 565,000 909 5th Ave 700 913 491 1 1 6 $ 465,000 $ 448,000 1119 1st Ave 306 942 425 2 1 111 $ 399,950 $ 399,950 699 John St 615 846 425 1 1.5 4 $ 359,950 $ 359,950 2801 1st Ave 908 702 501 1 1 12 $ 349,000 $ 352,000 2415 2nd Ave 434 924 356 2 1.75 19 $ 329,000 $ 329,000 1415 2nd Ave 705 602 537 1 1 22 $ 329,990 $ 323,430 2030 Western Ave 702 631 505 1 1 24 $ 325,000 $ 318,500 2319 1st Ave 603 652 474 1 1 13 $ 309,000 $ 309,000 3028 Western Ave 204 585 350 1 1 22 $ 189,500 $ 205,000 2440 Western Ave 612 513 370 1 0 15 $ 175,000 $ 190,000 425 vine St 318 336 313 0 1 14 $ 115,900 $ 105,000

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

1707 Dexter Ave n b 2,450 382 3 3.25 4 $ 949,950 $ 935,000 500 5th Ave W PH-707 1,737 438 2 2.25 10 $ 799,000 $ 760,000 1401 5th Ave W 412 1,851 411 2 2.25 93 $ 790,000 $ 760,000 1107 olympic Wy W b 2,253 333 2 2.5 22 $ 779,000 $ 750,000 120 1st Ave W 401 1,206 452 3 2 13 $ 545,000 $ 545,000 1740 Aurora Ave n 301 1,304 352 2 2 28 $ 459,500 $ 459,500 201 galer St 280 1,000 416 2 1.5 5 $ 425,000 $ 416,000 1415 6th Ave n 205 1,057 378 2 1.75 11 $ 385,000 $ 400,000 501 roy St F-330 1,331 287 2 2 6 $ 365,000 $ 381,500 1008 6th Ave n 203 896 410 2 1.75 14 $ 359,500 $ 367,751 133 Queen Anne Ave n 301 854 427 2 1 10 $ 369,000 $ 365,000 201 galer St 526 692 506 1 1 105 $ 369,888 $ 350,000 613 4th Ave W 202 1,080 300 2 2 34 $ 330,000 $ 324,000 12 Ward St A-201 779 398 2 1 23 $ 320,000 $ 310,000 201 galer St 540 692 434 0 1 105 $ 300,000 $ 300,000 2040 13th Ave W 21 1,066 281 2 1.75 24 $ 299,800 $ 299,800 701 1st Ave n 202 738 405 1 1 13 $ 299,000 $ 299,000 530 olympic Place 307 780 365 2 1 100 $ 289,000 $ 285,000 2253 gilman Dr W 309 1,046 263 2 2 33 $ 274,900 $ 274,900 123 Queen Anne Ave n 508 596 453 1 1 13 $ 269,950 $ 269,950 762 Hayes St 17 869 311 2 1 36 $ 279,900 $ 269,900 18 Dravus St 304 709 371 1 1 14 $ 270,000 $ 263,000 3216 14th Ave W 208 813 304 2 1.5 23 $ 248,800 $ 246,800 520 2nd Ave W 406 587 414 1 1 21 $ 229,000 $ 242,950 530 W olympic Place 410 652 371 1 1 64 $ 249,000 $ 242,000 275 W roy St 303 682 352 1 1 31 $ 252,950 $ 240,000 500 Aloha St e-209 600 387 1 1 21 $ 220,000 $ 232,000 124 Warren Ave n 108 531 427 1 1 83 $ 229,950 $ 226,900 123 Queen Anne Ave n A-201 658 342 1 1 13 $ 215,000 $ 225,000 530 W olympic Place 102 591 381 1 1 64 $ 225,000 $ 225,000 655 crockett St b-102 725 306 0 1 9 $ 222,000 $ 222,000 501 roy St T-110 628 344 0 1 6 $ 219,900 $ 216,000 812 5th Ave n 403 534 375 1 1 11 $ 200,000 $ 200,000 1601 Taylor Ave n 203 744 253 2 1 53 $ 209,500 $ 188,000 3646 14th Ave W 103 546 339 1 1 33 $ 184,500 $ 185,000 220 W olympic Place 204 500 346 1 1 83 $ 169,500 $ 173,000 22 John St 34 500 259 1 1 105 $ 129,500 $ 129,500

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

66

listings

sold listings last month capitol Hill / eastlake

420 melrose Ave e 901 1,636 356 2 2.5 21 $ 577,499 $ 582,499 311 e republican St 800 1,706 328 3 2.75 10 $ 589,000 $ 560,000 2364 Fairview Ave e 1 1,181 438 2 1.5 26 $ 479,000 $ 517,500 1609 Summit Ave 201 1,150 448 1 1.5 12 $ 498,250 $ 515,000 1420 Terry Ave 1108 1,103 440 2 1.75 11 $ 499,990 $ 485,000 1125 e olive St 309 1,123 413 2 2 12 $ 469,000 $ 464,000 1505 11th Ave 301 911 499 1 1 14 $ 449,950 $ 455,000 1111 10th Ave e 41 1,227 337 2 1.75 27 $ 415,000 $ 413,000 125 e Lynn St 205 915 436 1 0.75 6 $ 399,000 $ 399,000 1120 Spring St 703 1,065 366 2 1.75 31 $ 389,950 $ 389,950 410 malden Ave e A 833 462 2 1 17 $ 380,000 $ 385,000 232 belmont Ave e 201 796 471 2 1.75 19 $ 375,000 $ 375,000 400 melrose Ave e 501 1,085 336 2 2 46 $ 360,000 $ 365,000 2605 Franklin Ave e c 1,074 336 1 1 87 $ 349,950 $ 360,770 420 melrose Ave e 101 1,153 312 2 1.75 21 $ 360,000 $ 360,000 1906 Franklin Place e 102 978 361 2 2 13 $ 355,000 $ 353,500 752 bellevue Ave e 107 900 386 2 2 57 $ 349,950 $ 347,250 320 melrose Ave e 202 965 352 2 2 47 $ 339,950 $ 339,950 211 Summit Ave e S-421 655 504 1 1 29 $ 325,000 $ 330,000 525 belmont Ave e 5-c 771 423 1 1 38 $ 329,500 $ 326,500 2001 7th Ave e 307 763 417 1 1 84 $ 299,950 $ 318,000 600 malden Av ct e 104 980 321 2 1.75 25 $ 350,000 $ 315,000 1420 Terry Ave 304 793 391 1 1 11 $ 309,898 $ 310,000 1310 e remington ct 1 940 330 2 2 11 $ 300,000 $ 310,000 308 e republican St 614 1,200 250 2 1.75 52 $ 300,000 $ 300,000 150 melrose Ave e 104 1,017 284 2 1.5 35 $ 289,000 $ 289,000 1631 16th Ave 309 644 435 1 1 84 $ 279,950 $ 280,000 1120 17th Ave 304 698 385 1 1 85 $ 269,000 $ 269,000 1221 minor Ave 1011 612 432 1 1 53 $ 264,950 $ 264,500 1410 e Pine St 323 557 440 1 1 8 $ 239,950 $ 245,000 1620 belmont 223 510 471 1 1 12 $ 240,000 $ 240,000 1610 belmont Ave 212 550 435 1 1 12 $ 239,000 $ 239,000 1017 minor Ave 102 801 290 1 1 83 $ 235,000 $ 232,500 503 e Harrison St 12 803 286 1 1 45 $ 199,000 $ 230,000 506 e Howell St W-103 568 393 1 1 21 $ 225,000 $ 223,000 1101 17th Ave 405 450 483 1 1 85 $ 235,000 $ 217,500 1000 union St 107 604 348 1 1 48 $ 185,000 $ 210,000 1201 e John St 4 443 464 0 1 86 $ 207,750 $ 205,500 412 11th Ave 312 712 274 1 1 11 $ 189,950 $ 195,000 1101 17th Ave 308 453 419 1 1 85 $ 185,900 $ 190,000 511 e roy 312 458 404 0 1 33 $ 185,000 $ 185,000 1726 15th Ave 20 520 338 1 1 106 $ 175,000 $ 176,000 2512 e madison St 203 600 287 1 1 22 $ 175,900 $ 172,000 411 boylston Ave e 302 506 316 1 1 83 $ 159,950 $ 159,950 1723 13th Ave S 201 801 199 2 1 45 $ 165,000 $ 159,000

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

move into the current

206.910.5000www.stroupe.com 7

featured listing

2 bedrooms, 2 decks at the royal crestLArge AnD brIgHT TWo beDroom unIT WITH cITY AnD SounD vIeWS

Spacious, west facing unit with two large private decks off the Living room and master bedroom to enjoy sparkling city lights and beautiful Puget Sound. Large master with walk-in closet & private bathroom. In unit W/D hook-ups. HeATIng, and all utilities are IncLuDeD in HoA dues, including electricity, cable, water, sewer and garbage! building includes outdoor pool with spacious terrace, sauna, onsite mgmt, gym, club room, secured Lobby. conveniently located near shopping district, South Lake union, and Pike Place market.

Schedule a Showing

Address

2100 3rd Avenue, #802

PriCe

$420,000

bedrooMs

2

bAThrooMs

1.75

PArKing

0 space

YeAr bUilT

1973

size

1,323 SF (per King Co. Tax Records)

hod

$706/ month

TAxes

$2,850 / year (Tax Year of 2013)

bUilding feATUres

Pool (outdoor), Sauna, club room (Full Kitchen), Fitness center, Terrace (Patio), A/c (Some units), Secured Parking (Assigned - not all units)

pRopeRty details

view the royal crest 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…

market courtAddress

2030 Western Avenue

ToTAl # of UniTs

68

YeAr bUilT

1989

AMeniTies

concierge (part time), courtyard terrace, 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.

view the market court Profile