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Interesting Sales Last Week

By January 2, 2012

Carbon 56, Escala, Olive 8, The Decatur

Happy New Year everyone! Let’s get 2011 wrapped up here — a look at Redfin shows that the final week in 2011 yielded 29 sold condos and townhouses in Seattle. In new construction condos that means #3110 sold at Olive 8 and then a few more at Escala.

Escala (1920 4th Ave)

Four more condos closed sales for Escala which brings the building to what looks like 68 units sold in 2011. In looking at Escala’s year, price per square foot ranged from $342 to $788 with an average of $499/sf which is about the average of the four sold last week ($490K).

  • #2506 – 3bd/2.5b, 2,442 square feet for $1.525M ($624/sf)
  • #2406 – 2bd/2b, 1,607 square feet for $810K ($504/sf)
  • #908 – 2bd.2b, 1,607 square feet for $625K ($389/sf)
  • #910 – 1bd/1.5b, 910 square feet for $404K ($444/sf)

And then there are a couple of resales of note:

Carbon 56 (2015 Terry Ave)
2015 Terry Ave #103

#103 was originally purchased in 2007 for $315K, listed in March of 2011 and nearly sold before it was foreclosed for $226K in September. Listed in early Nov for $200K, the 648 square foot, 1-bedroom condo sold for $175K. This unit is not to be confused with the $200K short sale in Carbon 56 that we noticed in October (currently pending).

Decatur (1105 Spring St)
1105 Spring St #1305

Kind of the same story for #1305 at the Decatur: It sold in 2008 for $328K, was listed at the beginning of 2011, went pending twice, but then was foreclosed for $230K in September. Listed for $194K at the beginning of Nov, the 600 square foot, 1-bedroom condo sold for $193K last week.