Last Unsold Penthouse at 5th and Madison

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We knew there were more units at 5th and Madison being held onto by the developer! If you knew too and were waiting for the last unsold penthouse. Here’s your chance. If you’re waiting for unit 2304, keep waiting. Unit #2402 just hit the market a few days ago. 1,950 square feet, 2 bedrooms, 2… Read More

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

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

Interesting Sales Last Week

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I was about to say there weren’t any closed sales in new construction condos last week but then I refreshed my Redfin query at noon. One popped up for Downtown’s Escala (#606 for $410K) and also the Dakota over in West Seattle (#410 for $390K). In total, there were 23 condo and townhouse sales closed… Read More

How Fast is the Internet in Your Building?

Last week Geekwire profiled CondoInternet.net, a growing branch of Spectrum Networks that is bringing high speed Internet to condos and apartments in Seattle. CondoInternet’s service is not just high speed — it is being coined as “super broadband” because it has a minimum speed of 100 Mbps, with some services allowing surging up to 500… Read More

Interesting Sales Last Week

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There were only 14 43 closed condo and townhouse sales in Seattle last week. Surprisingly, that still included multiple sales at Trace North and 1350 Alki. Details follow. 1350 Alki Ave SW Units 5S and 2N at this Alki condo building closed last week for $570K and $477.5K respectively. Built in 2008, it looks like… Read More

Fifth and Madison Penthouse For Sale (or Trade?)

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The penthouse on the 24th floor of Fifth and Madison was listed on the MLS yesterday for an asking price of $1.674M. The 3-bedroom, 2.25 bath condo has the great views and quality finishes that you would expect from a downtown penthouse, with the added bonus of residing in one of the first notable examples… Read More

Fifth and Madison Auction Results

I swung by the Fifth and Madison auction this afternoon hoping to sneak in. Unfortunately security was tighter than at past auctions and I wasn’t able to talk my way in. Fortunately they left the auction room doors open and so I sat with the few other interested parties who didn’t bring $5,000 cashier checks… Read More

5th & Madison Auction: Beware the Unpublished Reserve Price

The 5th and Madison auction site is up. If you want to skip registration here is the price list for the 18 units. I’ve spoken to a few folks who are pretty excited about the auction because of the low starting bids. However, if you read the fine print you want to beware the unpublished… Read More

January Appears To Be Off To A Good Start

Last night I looked through the probably hundred or so condos that came on the market in the last two weeks. Nothing really new or exciting. Most looked to be ones that went off the market just before Christmas. The rest were from developments like Trace and Brix putting more inventory in the MLS. And… Read More

MLS Watch

Okay, I’m back from California. Here are the interesting units that have hit the market in the last week. 5th and Madison Prices are going up and down at 5th and Madison. Penthouse #2403 came on the market at $2,199,000 dipped to $1,995,000 on June 26 and is now back up to $2,149,000. Whoever is… Read More

5th and Madison Opening

At lunch on Friday I snuck away to attend the 5th and Madison green space opening. (Williams Marketing PR was kind enough to email me a good photo of the ribbon cutting.) There was about 40-50 people there for the ribbon cutting ceremony which was hosted by Bryon Ziegler of Williams Market. Surprisingly Leslie Williams… Read More

5th and Madison park opening Friday the 16th

5th and Madison is hosting a grand opening for their half acre park on Friday November 16th from 12:30 – 2. I snapped a photo of it the other day as I walked to work. I really like how the mosaic wall came out and its great to see more nice green space downtown.

Delays at 5th and Madison and Domaine

A reader writes in with reports on delays at 5th and Madison: Move-in delays at 5th & Mad. What a surprise! But, Williams Marketing is now saying, “We will give you, the buyers, daily updates via emails.” (emphasis added). Let’s see if they live up to that promise. But I bet your site has something… Read More

Seattle PI on seller incentives

The Seattle PI has an article today about the lengths sellers are going to, Home sellers trying it all to hook choosy buyers: Jennifer Nilssen wants to sell her Ballard condominium — fast. She set her asking price about $20,000 below that of comparable condos in her building. She’s offering to finance 10 percent of… Read More

Full size grocery store coming downtown

Seattle PI, Basement of old S.H. Kress department store to become a full-size IGA grocery: “The downtown central business district of Seattle is one of the most ‘understored’ areas in the Pacific Northwest.” This will be great for all the folks moving into the Four Seasons, 1, 1521, Fifth and Madison, etc.

5th and Madison project sold

Commercial Property News reports, Kennedy Wilson Buys Seattle Properties for $300M (thanks UrbanAsh). The adjacent 126-unit condo building is known as Fifth and Madison. Currently under construction, the project has pre-sold 84 of its residences (or two-thirds) at prices averaging $660,000 for 1,045-square-foot units. The project is slated for completion this fall. Is it strange… Read More

Sunday Seattle Times

I think the Sunday Seattle Times Real Estate section now has more ads for condos not in Seattle than in Seattle. None-the-less here are the specials and tidbits from the most recent edition: Andiamo: Only 3 great condos still available Azul: $7500 buyer bonus for all 2/2′s Carbon 56: No home owner dues for one… Read More

MLS Watch

Sorry for the slow posting, work is killing me. 2200 vs. Cosmo 36 vs. 65. It’s also interesting to note that there are 4 new listings at 2200 listed by John L Scott’s Jon Hunter who is working for Vulcan on Enso/Rollin/Veer. The listings all look curiously the same. Are these Vulcan owned units that… Read More

The high life

The Pacific Northwest magazine had a length article about downtown living this Sunday, Uptown Downtown: Close to everything and luxe, too, it’s the new condo life. Interestingly they take a look at who these urbanites are: Of those purchasing high-rise condos for more than $500,000, half list themselves as professionals, while nearly 60 percent earn… Read More