Pioneer Square Lofts – 121 Jackson

As I went to plug the meter just now (I usually don’t drive to work but did today because I thought I had a flight to catch) I noticed a sign going up for 6 lofts at 121 Jackson.

Prices range from $425,000 for a 646 square foot studio to $1.2 mil for 1776 square feet. Interestingly 5 of the 6 units have showers instead of tubs and they all have their own roof top decks.

If you’re interested their site says that their grand opening is this Saturday and Sunday from noon to 5pm.

Oddly they have more photos of the unit in the MLS than they do on their own site. And oddly their photos in the MLS don’t look very professional.

27127378 9 0 Pioneer Square Lofts   121 Jackson

Search Redfin for 121 S Jackson.

Bonus link: Price risk for the top 50 U.S. markets. Seattle with the greatest amount of appreciation last year is actually at low risk for a decline.

About Matt

Matt , Urbnlivn's publisher, has a love for lofts with industrial features and new construction condos that is only eclipsed by his passion for outdoor sports and urban living. Phrases such as “polished concrete” and “exposed brick” are music to his ears. You can also find Matt on Twitter or skiing.

  • jo

    I love the bitter renters.

    RE downtown affects everyone, no matter if you’re a renter or not. Last time I noticed the stock market, job growth, and currency exchange rates weren’t different for renters. :)

    Take a look at your 401k and what it’s done the last few months. While you may not have bought a property, you’re nonetheless directly affected as part of the RE downturn. Sad to say, you’re paying (literally) for their losses right now.

    I’m sure the investors thank you for your help.

  • jo

    I love the bitter renters.

    RE downtown affects everyone, no matter if you’re a renter or not. Last time I noticed the stock market, job growth, and currency exchange rates weren’t different for renters. :)

    Take a look at your 401k and what it’s done the last few months. While you may not have bought a property, you’re nonetheless directly affected as part of the RE downturn. Sad to say, you’re paying (literally) for their losses right now.

    I’m sure the investors thank you for your help.

  • Peckhammer

    “Take a look at your 401k and what its done the last few months. While you may not have bought a property, youre nonetheless directly affected as part of the RE downturn.

    The key difference is that you can move money from stocks or mutual funds within your 401K to a prime money market fund and you don’t have to live in a truck camper in the Fred Meyer parking lot.

  • Peckhammer

    “Take a look at your 401k and what it’s done the last few months. While you may not have bought a property, you’re nonetheless directly affected as part of the RE downturn.

    The key difference is that you can move money from stocks or mutual funds within your 401K to a prime money market fund and you don’t have to live in a truck camper in the Fred Meyer parking lot.

  • Bob

    jo, have you heard of shorting? Some people also don’t have all of their assets in US dollar. There are many ways to get ahead. When everyone is crashing through the floor, you don’t even have to do much to move up the food chain.

  • Bob

    jo, have you heard of shorting? Some people also don’t have all of their assets in US dollar. There are many ways to get ahead. When everyone is crashing through the floor, you don’t even have to do much to move up the food chain.

  • Affluent Bitter Renter

    The key is that the 401K isn’t leveraged – if stocks go down 15%, I still still have 85% of my investment. If real estate goes down 15%, most recent house purchasers are wiped out – they owe more than the house is worth. My investments have gone down some, but I’m doing a lot better than if I had bought a downtown condo recently.

  • Affluent Bitter Renter

    The key is that the 401K isn’t leveraged – if stocks go down 15%, I still still have 85% of my investment. If real estate goes down 15%, most recent house purchasers are wiped out – they owe more than the house is worth. My investments have gone down some, but I’m doing a lot better than if I had bought a downtown condo recently.

  • Matthew

    Funny, I moved my retirement to government securities and everything in my ThinkorSwim broker account is on the short side… Funny thing is I am up over 45% so far this year…

  • Matthew

    Funny, I moved my retirement to government securities and everything in my ThinkorSwim broker account is on the short side… Funny thing is I am up over 45% so far this year…

  • JNS

    All this back and forth, and the fact does not change that I bought into the downtown condo market in 2003, and have stayed in the downtown area because I like it. Oh, by the way, I am up almost 250K on my purchase from 2003. Not a bad return for a lifestyle I truly enjoy. Hate to think where I would be if I had decided to rent back then, instead of buy.

  • JNS

    All this back and forth, and the fact does not change that I bought into the downtown condo market in 2003, and have stayed in the downtown area because I like it. Oh, by the way, I am up almost 250K on my purchase from 2003. Not a bad return for a lifestyle I truly enjoy. Hate to think where I would be if I had decided to rent back then, instead of buy.

  • http://www.2200life.blogspot.com EconE

    Oh, by the way, I am up almost 250K on my purchase from 2003

    You’re not “up” anything until you sell.

    Thank you…come again!

  • http://www.2200life.blogspot.com EconE

    Oh, by the way, I am up almost 250K on my purchase from 2003

    You’re not “up” anything until you sell.

    Thank you…come again!

  • JNS

    I just did sell, put the money in the bank, and am buying a new place for CASH. Maybe I will buy two new places and someone on this blog would like to make the payments for me on the second one?

  • JNS

    I just did sell, put the money in the bank, and am buying a new place for CASH. Maybe I will buy two new places and someone on this blog would like to make the payments for me on the second one?

  • Matthew

    JNS,

    You should buy two units, that way you can lose twice as much!

    Have fun trying to rent those badboys out at a break even point. I’m calling bullshit on your “sale” of your condo for 250k that you supposedly banked. Post a MLS # for us to view.

  • Matthew

    JNS,

    You should buy two units, that way you can lose twice as much!

    Have fun trying to rent those badboys out at a break even point. I’m calling bullshit on your “sale” of your condo for 250k that you supposedly banked. Post a MLS # for us to view.

  • jo

    I’m sure he’ll provide us with the MLS# when you guys provide us with your sources :P

  • jo

    I’m sure he’ll provide us with the MLS# when you guys provide us with your sources :P

  • http://twitter.com/mattgoyer mattgoyer

    I’m not a fan of MLS # witch hunts. Next thing you know you’ll be digging up his loan docs from the county to see how much he actually cleared on it. This is not the Irvine housing blog and I found it amusing but slightly disturbing when the Seattle Bubble Forums decided to take a look at my own finances. So please, let’s refrain from this here.

    Thanks!

  • http://blog.mattgoyer.com Matt

    I’m not a fan of MLS # witch hunts. Next thing you know you’ll be digging up his loan docs from the county to see how much he actually cleared on it. This is not the Irvine housing blog and I found it amusing but slightly disturbing when the Seattle Bubble Forums decided to take a look at my own finances. So please, let’s refrain from this here.

    Thanks!

  • kevinrussellersel

    I know you're an absolutist on this earmark thing, but honestly–prioritize, man! Give Obama a chance to use his mojo to keep earmarks out of the legislation that he actually has something to do with. If he makes no effort to do that, we can talk. Until then, it's just irrational to fidelity 401k throw him on the slag heap over this.

  • kevinrussellersel

    I know you're an absolutist on this earmark thing, but honestly–prioritize, man! Give Obama a chance to use his mojo to keep earmarks out of the legislation that he actually has something to do with. If he makes no effort to do that, we can talk. Until then, it's just irrational to fidelity 401k throw him on the slag heap over this.