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Interesting Sales Last Week

By May 9, 2011

1521, Bay Vista Tower, Eleven Eleven East Pike, Escala, Hjarta, Marselle, Olive 8, Portofino, Trace North

Of the 26 condos and townhouses that closed last week, there was nearly an equal split between new construction sales and resales. I don’t specifically measure the ratio each week but as I scrolled through the list, it struck me that it seems like a higher ratio of new construction than usual.

New Construction
7814 Stroud Ave N
The second in the pair of Pb Elemental townhouses in Greenlake closed last week for $445K. Located at 7814 Stroud Ave N, this 3-bedroom townhouse was originally listed for $469K and took six weeks to go pending (slightly longer than its counterpart which went pending in 5 days).

And, in new construction condo sales, the following numbers closed last week:

  • 1111 E Pike (1)
  • 1521 (1)
  • Escala (2)
  • Hjarta (2)
  • Marselle (1)
  • Olive 8 (2)
  • Trace North (2)

Interesting Resales
2821 2nd Ave #1403
A 2-bedroom condo at Bay Vista in Belltown sold for $580K. That’s nearly $100K more than it was purchased for in 2002.

417 E Pine St #306
This 1-bedroom unit at the Portofino on Capitol Hill closed last week for $305K. The sale closed at a lower price per square foot ($367) than the three condos listed last December by a single investor (BTW: all three are still on the market with $10K price reductions from original list).