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Check In: New Construction Condo Inventory

By July 21, 2011

1350 Alki, 1521, 200 West Highland, 5th and Madison, Brix, Danielle, Decatur, Eleven Eleven East Pike, Enso, Escala, Four Seasons, Gallery, Harvard and Highland, Hjarta, Marselle, Olive 8, Trace Lofts, Trace North, Veer Lofts

Just over two months ago, I did a roundup of new construction condo inventory in Seattle. It seems about time to check in and see where things stand now.

Last time I said that inventory was 69% sold overall; however, I missed a few properties in my roundup. So after adding those in (including several that were previously sold out) it was more like 75% sold two months ago. Today’s totals show inventory is 77% sold overall and in the past two months 54 units have closed, leaving 410 available from a total count of 2,036.

I know the sales teams are going to feel somewhat competitive about these numbers so I’ll refrain from listing a full differential. Instead, I’ll just point out that The Danielle and Harvard & Highland have seen the greatest change in % sold in the past two months which isn’t too surprising since they are both boutique developments with a lower total count in units. In terms of # units closed, Escala and Gallery moved the most inventory.

1350 Alki — 90% Sold
(10 Total Units, 9 Closed, 0 Pending, 1 Available)

200 West Highland — 100% Sold
(25 Total Units, 25 Closed, 0 Pending, 0 Available)

5th and Madison — 100% Sold?
(126 Total Units,  126? Closed,  0 Pending, 0? Available)

Brix — 100% Sold
(141 Total Units, 141 Sold, 0 Pending, 0 Available)

The Danielle — 48% Sold
(31 Total Units, 15 Closed, 3 Pending, 13 Available)

The Decatur — 83% Sold
(146 Total Units, 121 Closed, 3 Pending, 22 Available)

Eleven Eleven East Pike — 78% Sold
(27 Total Units, 21 Closed, 2 Lease Option, 2 Pending, 2 Available)

Enso — 89% Sold
(134 Total Units, 119 Closed, 2 Pending, 13 Available)

Escala — 37% Sold
(265 Total Units, 97 Closed, 18 Pending, 154 Available)

Fifteen Twenty-One Second Avenue — 80% Sold
(143 Total Units, 115 Closed, 4 Pending, 24 Available)

Four Seasons Private Residences — 69% Sold
(36 Total Units, 25 Closed, 0 Pending, 11 Available)

Gallery — 94% Sold
(233 Total Units, 218 Closed, 8 Pending, 7 Available)

Hjarta — 61% Sold
(79 Total Units, 48 Closed, 2 Pending, 29 Available)

Harvard and Highland — 71% Sold
(38 Total Units, 27 Closed, 2 Pending, 9 Available)

Marselle — 69% Sold
(132 Total Units, 91 Closed, 3 Pending, 38 Available)

Olive 8 — 62% Sold
(229 Total Units, 141 Closed, 3 Pending, 85 Available)

Trace North — 93% Sold
(100 Total Units, 93 Closed, 5 Pending, 2 Available)

Trace Lofts — 98% Sold
(42 Total Units, 41 Closed, 1 Pending, 0 Available)

VEER Lofts — 100% Sold
(100 Total Units, 100 Closed, 0 Pending, 0 Available)

Things you should know:

  • I’ve added in the ones I missed last time, but by all means let me know if there’s another hole that needs filling.
  • The numbers only include inventory of new sales in these buildings, some may very well have resales on the market that aren’t reflected.
  • % Sold = Closed/Total which is slightly different than what I did last time I believe (feel free to check my math).
  • There’s a ? next to 5th and Madison because we still think there might be a developer-owned property in there but don’t really know for sure.

Disclaimer: Olive 8, Decatur, Eleven Eleven, 1521, Harvard and Highland, and Trace North are Urbnlivn advertisers.