Yet Another Trace Lofts Loft


I’ve lost track of how many lofts have turned hands this summer at Trace Lofts, there has been that many! (Actually it is 6 in the last six months and two more are pending. There are 42 units in the building.) There isn’t anything wrong with the building that I, as an owner in the… Read More

Choices at Trace Lofts


Looking for a smaller, exposed brick, loft-y type place on Capitol Hill? You’re in luck! Two, nearly identical lofts at Trace hit the market yesterday. Both are 1 bedroom, 1 bathroom, 600 square foot places. HOAs are $402/month. #211 is $369k. Being on the second floor this has the original car decking ceiling. It looks… Read More

Rent or Buy a Penthouse at Trace Lofts


Wow, lot of activity at Trace Lofts this spring! Seems like homeowners who bought in 2007 have realized they’re no longer under water. So two lofts recently went pending, two hit the market this week and a penthouse is for rent. Let’s take a peek at the penthouse, #501, for rent (here’s the penthouse, #504… Read More

Another Chance To Buy At Trace Lofts

1408 12th Ave #310 - live

This week we have a third floor (was the top floor of the old building), south facing unit on the market.  Unit 310, at 1408 12th Ave, is an open plan 1 bedroom with 1 bathroom.  Listing for $420,00, it has 684 sq ft; and the wood, windows, ceilings that Trace Lofts is known for. … Read More

Trace Lofts Interiors Among the Best on Capitol Hill

1408 12th Ave _406 - live1

We have 174 posts that mention Trace Lofts.  You’d think somebody important on this blog owned a condo there.  Trace Lofts is in a converted 1909 mercantile warehouse, a couple of blocks south of Cal Anderson Park.  Unit 406 at 1408 12th Ave is on the market and worth seeing.  A south facing one bedroom, one… Read More

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