Let’s unwrap this big box of 32 condos and townhouses that sold last week to see who’s purchased a home just in time for Christmas! In new construction condos, Escala sold two condos (#1011 for $659K; #1410 for $419K) and Olive 8 one (#2807 for $450K) and then there are a few other notable resales.
Word on the street is that this 3-bedroom, 3-bath townhouse just on the other side of Madison from Capitol Hill received a lot of interest when it was first listed on Nov 5th for $329,900. The 1,440 square foot digs that were built in 2007 sold last week for $330K (or $229/sf).
This 5th floor unit at 5th & Madison was listed in February and went pending twice before finally selling for $315K last week — significantly down from its original list of $435K. The $322/sf is also well below the average price per square foot that units have sold for in this building in the past year: $410/sf.
Is it just coincidence that two units of similar square footage sold in the same week for the same price even though one is on the 12th floor and the other on the 6th floor? That just happened at 1982-built Kelleher House on First Hill — putting the going rate at $338/sf no matter the floor :).
Disclaimer: Olive 8 is an Urbnlivn advertiser.