I’m No Longer Underwater!

I think it is safe to say that nearly six years after buying it, my Trace Lofts condo is no longer underwater! Hopefully I can say the same about the other condo I bought in 2007. (What was I thinking buying two condos are the hit of the market??)

Why am I feeling confident? My next door neighbor just sold their condo for $528/square foot. That puts my condo right at what I paid for it September 2007 (almost the perfect height of the condo bubble). Or if you use the other recent west facing comparable, then I’m slightly above water. Or, we’re just in another bubble :).

4/30/13 – #202 – $528/square foot – West facing
3/13/13 – #308 – $457/square foot – South facing
12/21/12 – #308 – $423/square foot – South facing
12/17/12 – #402 – $543/square foot – West facing, balcony

About Matt

Matt , Urbnlivn's publisher, has a love for lofts, floating homes and mid-century moderns.

For years Matt resisted becoming a real estate agent preferring to be an executive at Redfin but he recently caved in the spring of 2014 and became an agent. If you're interested in working with Matt, drop him a line at matt@urbnlivn.com. You can also find Matt on Twitter or skiing.

  • http://twitter.com/iampeterk Peter K

    Great news! If 6 year old Trace Lofts is getting $528/foot….what would brand new be getting in the same neighborhood?

  • http://twitter.com/mattgoyer mattgoyer

    More than that :). We haven’t seen anything new (on Capitol Hill) since 2008 though.

  • Ted S

    Must have been done by a very brilliant developer…

  • Jennie Armstrong

    Matt, what’s the best way to find out if someone in Trace is looking to rent out their space?