Interesting Sales Last Week

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Seattle saw 33 sale transactions close in condos and townhouses last week. It was the last week of the month, so the usual run of new construction closings cropped up including one condo at Marselle and at Danielle, two condos at Enso (including that double-height penthouse), and three condos at Escala. Notable in resales was… Read More

Madison Tower Penthouse Pending After Two Years

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On Aug 14, 2009, the penthouse at Madison Tower was listed and a little over two years later it finally goes pending. That’s 3 bedrooms, 2.25 baths, and 2,850 square feet for $1,570/sf (if it is sold for its current asking price of $4,495,000). UrbanAsh says this sale will be the highest price per square… Read More

$6.5 Million Price Reduction at Madison Towers

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Wow, this is one major price reduction. #2101 has been dropped from $8.7 to $2.2 mil. It’s come down from a high of being listed at $13.5 mil in October 2008. Note that it originally sold for $1.6 in October 2006 and then immediately put on the market. Current average appraisal: $1,995,214 You must have… Read More

Madison Tower / Hotel 1000 Unit

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If you’ve got a $1.8 million burning a hole in your pocket and you’re not dissuaded by raising mortgage rates check out #1901 at Madison Tower. The sales history is interesting: May 27, 2009 Listed for $1,840,000 Oct 27, 2006 Sold for $2,000,000 Sep 08, 2006 Listed Aug 21, 2006 Sold for $1,520,000

MLS Watch

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Another unit at Talisman Everyone was hot on Talisman when a unit came on the market a few weeks ago. Here’s another. This one, #214, is $249,950. However, the interior of this one is definitely not to my taste. Eastlake Lofts #201 is new to the market. But a little pricey at $590,000 for 949… Read More

While You Were on Vacation

Hotel 1000/Madison Tower There’s so many multi-million dollar condos to choose from these days. Here’s one more. Unit 2401 is just under $7 mil for 3,740 square feet. Cristalla Erica Clibborn, the listing agent, has been talking about unit #1408 for quite some time now. It’s now on the market for $640,000 which buys you… Read More

Rent or Buy Luxury Seattle Condo at Madison Tower?

Looking for a luxury 3,183 square foot condo? 4 beds, 5 baths, 4 valet parking spots. If $4,500,000 is too much commitment for you for 1000 1st Ave #170X aka Madison Tower/Hotel 1000 you can always rent it for only $20,000 month. And if neither of those scenarios work for you check out unit 1504…. Read More

MLS Watch: All over the map

2200 Every day there is another reduction. 910 Lenora St #S906 was reduced $15,000 to $529,950. 900 Lenora St #W408 was reduced $1,000 to $385,500 (tip to Lyn Tully: add photos to your listing!). 2200 Westlake Ave #S503 was reduced $5,000 to $544,900. Plus they’re throwing in a 42″ flat screen TV (plasma or LCD?)… Read More

MLS Watch for Last Week

It was a busy week at work for me last week so I didn’t have time to do condo watch. Here’s a re-cap of the week: 2200 Wow, lots of new listings at Live 2200: #W700. #S-403, #W309, #W804, #1001, #S-505. There was also two price drops – $33,000 price drop to $995,000 for unit… Read More

MLS Watch: Lots of action!

Wow, this is the longest MLS Watch yet. I guess the realtors are assuming everyone is back from vacation and it’s time to get the units moving. Noma 19 units at Noma came online. They now have 22 listings on the MLS range in price from $222,950 to $539,950 which if my other information is… Read More

Luxury Condos in Seattle

The Seattle Times this weekend had a big article on luxury real estate, The new luxury in Real Estate and takes a look at the definition of luxury condos: How does an “all-luxury” building differ from a regular condominium project? For starters, there’s price: Most luxury condos cost $1,200 a square foot or more. As… Read More

Seattle Sunday Times

5th and Madison: ‘Grand opening weekend!!!’ (open daily, 11am to 6pm, 900 Fourth Ave, 27th floor, 206-624-7640) Bagley Lofts: ‘Move in today!’ Bolero: ’45 sold in 5 weeks.’ Up 10 from last week’s ad. Cosmo: ‘Our penthouses at everybody elses mid level prices.’They also decided to un-rotate their ad making it much easier to read…. Read More

Seattle Times Sunday

What are the ads saying in this weekend’s Seattle Times? 500 Elliott: Grand opening this weekend 5th and Madison: Grand Opening May 20th and 21st 5th and Marion: New 39 story tower 5th Ave North: Grand opening this weekend Bagley Lofts: May 2006 Occupancy Francis Fremont: Grand opening this weekend Harwood: $4000 buyer bonus, special… Read More