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… Read More

Trace Lofts Frenzy


Word is that Trace Lofts #202 is going to go pending later tonight or tomorrow. After 3 days on the market there were 19 offers, the winning one all cash. Even I had five different people reach out to me about it. Many asking about the noise at 12th and Madison (my answer, get a… Read More

Trace Loft Next To Ours is For Sale


Our neighbor is selling her condo at Trace Lofts. Unit 202 is 663 square feet. 1 bedroom. 1 bathroom. And is priced at $299k. Perhaps we should buy it to combine with ours? :) This unit has had an interesting history: 9/17/2007 – Bought for $375,000 with a 0% down loan 11/1/2010 – Stop paying… Read More

Seller at Trace Lofts Faces Reality in Relisting

1408 12th Ave #309

An owner at the Trace Lofts is taking another shot at selling their third floor studio. But this time, it seems they’re being much more realistic. This 697 sq ft condo sold at the height of the market in 2007 for $325,000. In 2009, the owners put the unit back on the market for $372,500…. Read More

15 Holiday Sales Last Week

1408 12th Ave

I apologize for the delay for interesting sales post this week, but I’m just now slowly beginning to recover from the eggnog and fruitcake hangover. Last week sales were predictably slow if not stagnant. 15 sales across the board with one at Olive 8, and most in the downtown and Capitol Hill neighborhoods. Some interesting… Read More

What Does It Mean?? Double Rainbow at Trace Lofts


Buy #308 at Trace Lofts and enjoy a lifetime of double rainbows! Internet meme’s aside. #308 is nice 615 square foot crash pad in the center of it all. Plus we’ll be neighbors! It is priced to sell at $259k. When first built in 2007 this unit was listed at $320k. Ended up selling for… Read More

Trace Lofts or Trace North?

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This past week two good looking places came up at 12th and Madison. Both priced below what they sold for brand new in 2008. The first, is a penthouse unit at Trace North featuring a custom built staircase to a loft area. Priced at $350,000 it is 726 square feet. Downside is, no view. It… Read More

Letter: Please Sell Me Your Condo

Please Sell

Got a letter in the mail asking if I’d sell my condo. Tempting! With very few condos for sale these days has anyone else received something similar?

Interesting Sales Last Week

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…. Read More

Trace Lofts Resale

Trace Lofts 405 Location

Hot on the heels of selling out and having no units for sale, #405, just came on the market for $395,000 for 795 square feet (or $484/sq. ft.) The place has a good floor plan and two balconeys: But a poor location. It faces Trace North and the balcony faces Citizen (aka the Precision Tune… Read More

Interesting Sales Last Week

There were 23 condos and townhouses that sold last week. Five of those were developer-owned, new construction condos and we really should take a closer look at that action. It is starting to look like a parade of sold out. Matt posted yesterday that the last unit at Trace North is finally closed bringing the… Read More

Trace North & Trace Lofts Sold Out

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After four and a half years the condo complex we call home, Trace North and Trace Lofts, are sold out! As a homeowner I wanted to Trace to sell out much sooner, but with our economy spiraling down the toilet it has taken much longer than I’m sure any of us would have guessed! As… Read More

Open Houses This Weekend

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Seattle has 64 condos and townhouses with open houses this weekend. There’s the newly listed 5th floor unit at the Meritage opening its doors (Sat & Sun, 1-4PM), as is Trace Loft #301 that recently adjusted its price (Sun, 1-4PM). And then there are these three that have adjusted their prices in past weeks —… Read More

Update: New Construction Condo Inventory

The last time we checked in on new construction condo inventory was back in July, and before that in May. In May inventory looked to be 75% sold, then the needle shifted to 77% in July, and now the properties tracked in this list are 81% sold in all. As for what’s gone down the… Read More

Lofts For Rent Around Seattle

trace lofts

I started out writing about the Monterey Lofts unit that is available for rent (looks to be an interesting space in the LEED Silver certified building) but really, there are more lofts for rent out there than I expected so thought I’d list a few. What you will find below is a mix of lofts… Read More

Interesting Sales Last Week

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Seattle’s condo and townhouse markets yielded 26 closed sales last week. In new construction condos, Marselle stands alone by closing unit #409 for $224K and in resales we’ve got a few notables (including a new neighbor for Matt at Trace Lofts). 1408 12th Ave #202 In June, Matt blogged about how to research a foreclosure… Read More

One Left at…

Over the weekend, the Seattle Times had a write-up on Chris Rogers of Point 32. It describes Chris Roger’s past and current projects, but it also reminded me that there’s only one left at Point 32’s completed South Lake Union development, Art Stable. You know where else there is only one unit left for sale?… Read More

Trace Lofts Corner Unit For Sale

Want to live upstairs from me? The unit directly above ours just hit the market, 1408 12th Ave #301. It’s a south-west corner unit, views of the Olympics, Space Needle and Mount Rainier. 879 square feet, 1 bed, 1 bath. Priced at $449k it was sold brand new for $485k in September 2007. Back in… Read More

Check In: New Construction Condo Inventory

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… Read More

Foreclosed Trace Loft Next Door to Us is For Sale

Remember that condo I blogged about in the post how to research a foreclosure in your building? It just hit the market, 1408 12th Ave #202. This unit is actually right next door to us! We’re #201. It looks reasonably priced ($402/sf versus $420/sf for recent sales) but not so bargained price that I’ll pick… Read More