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
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
A 2-bedroom condo at Bay Vista in Belltown sold for $580K. That’s nearly $100K more than it was purchased for in 2002.
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).
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