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inside this issue

march 2014 E DITION | SaLES STaTS FOr FE b r uary 2014

Featured buildingThe montreaux

market analysisSeattle area Trends & Prices

Sold Listings Last monthDowntown Seattle, Queen anne & capitol hill / Eastlake

Featured Listingurban Loft in belltown

020304

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c o n d o s c o o p

206.910.5000www.stroupe.com

View The montreaux Profile

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built with a touch of European style, The montreux was completed in 1999 by developer christopher Koh of coho real Estate. recognizing that Seattle’s downtown community was lacking buildings with character and charm, Koh’s vision of exceptionally affordable condos with timeless appeal came to fruition through design collaboration with John boileau architects and Dianne Shapard Interior Design. Together, they paid special attention to European architecture theme and details as well as creating an energy efficient, environmentally sound building. The 7 story building is comprised of 132 units, ranging from 300+ sq. ft. studios to 700+ sq. ft. 2 bedroom units and lofts. Features of the building include fitness center, club room, roof-top deck with expansive view of Elliott bay, Lake union and downtown, controlled access to building and parking, on-site building manager, and caT-5 cable to the building. The montreux is a great pied-a-terre, close to everything that downtown has to offer.

featured building

the montreauxEurOPEaN FLaVOr

Address

425 Vine Street

neighborhood

belltown

ToTAl # of UniTs

132 (not including commercial)

YeAr bUilT

1999

ToTAl sTories

7 lisTing hisTorY, PAsT 12 MonThs

(From 3/1/13 to 2/28/14)

Total # of Units listed: 9 (units that were relisted after coming off the market are counted as one)

Total # of Unit sales: 8 (plus zero sold subject to inspection, zero pending sales)

Currently Active on Market: 0 (as of 3/5/14)

sAles hisTorY, PAsT 12 MonThs

Average-Unit orig. list Price: $180,637

Average-Unit sale Price: $171,613

list / sold Price ratio: 95.9%

Average-sold Price per sq/ft: $403.50

Average Market Time: 47 days

AMeniTies

club room, Fitness center, Terrace (rooftop), a/c (common spaces), Secured Parking (assigned and permit)

Building Facts & stats

View The montreaux Profile

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market analysis

local market activitymarKET TrENDS, PrIcING aND SaLES FOr ThE PaST mONTh IN ThE SEaTTLE arEa

downtown seattle Queen anne capitol Hill/eastlake

Average Prices2013 2014

List $608,403 List $798,424

Sold $606,435 Sold $785,418

-0.32% Variance -1.63% Variance

Sold Listings

30

37

23.3% Change

Average $ / SF

$541

$647

19.6% Change

Average Prices2013 2014

List $290,212 List $415,239

Sold $285,475 Sold $407,197

-1.63% Variance -1.94% Variance

Sold Listings

20

18

-10.00% Change

Average $ / SF

$308

$376

22.08% Change

Average Prices2013 2014

List $284,342 List $342,940

Sold $281,322 Sold $342,293

-1.06% Variance -0.19% Variance

Sold Listings

38

29

23.68% Change

Average $ / SF

$348

$404

16.09% Change2013February

2014 2013February

20142013February

2014

downtown seattle Queen Anne Capitol hill/eastlake

Figures reflect the average — not median — sold price for the last 12 months; large fluctuations in the average price of listings may be due to a few exceptionally priced sales affecting the overall average.

$800K

$700K

$600K

$500K

$400K

$300K

$200K

downtown seattle

Queen anne

capitol Hill / eastlake

F m a m J J a S O N D J F2013 2014

aVeRage sold pRices FoR tHe past 12 MontHs, januaRy 2013 – januaRy 2014

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listings

sold listings last month downtown seattle

1521 2nd Avenue 1521 2nd ave 3701 2,260 973 2 1.75 6 $ 2,295,000 $ 2,200,000 1521 2nd ave 1800 1,824 1,086 2 1.75 6 $ 1,980,000 $ 1,980,000 1521 2nd ave 1900 1,644 1,168 2 1.75 6 $ 1,920,000 $ 1,920,000

enso 820 blanchard St 1610 886 542 1 1 5 $ 507,000 $ 480,000 820 blanchard St 808 790 587 1 0.75 5 $ 460,000 $ 464,000

escala 1920 4th ave 2702 1,878 813 2 2.5 5 $ 1,549,000 $ 1,527,500 1920 4th ave 2602 1,878 799 2 2.5 5 $ 1,524,000 $ 1,500,000 1920 4th ave 2805 1,878 666 2 2.5 5 $ 1,250,000 $ 1,250,000 1920 4th ave 2407 1,878 599 2 2.5 5 $ 1,124,000 $ 1,124,000 1920 4th ave 2108 1,607 640 2 2 5 $ 1,029,000 $ 1,029,000 1920 4th ave 1911 1,607 637 2 2 5 $ 1,024,000 $ 1,024,000 1920 4th ave 602 1,607 526 2 2 5 $ 875,000 $ 845,000 1920 4th ave 910 910 581 1 1.5 5 $ 539,000 $ 529,000 1920 4th ave 707 952 587 1 1.5 5 $ 559,000 $ 559,000

Market Place north 88 Virginia St 31 1,237 635 2 2 32 $ 825,000 $ 785,000 88 Virginia St 33 1,328 591 2 1.5 32 $ 799,000 $ 785,000

olive 8 737 Olive Wy 1905 1,350 574 2 2 5 $ 799,000 $ 775,000 737 Olive Wy 2906 808 668 1 1 5 $ 550,000 $ 540,000 737 Olive Wy 2604 680 721 1 1 5 $ 500,000 $ 490,000

Vine 2607 Western ave 356 1,025 366 1 1.5 12 $ 375,000 $ 375,000 2607 Western ave 258 482 432 1 1 12 $ 229,900 $ 208,000

other Properties 2720 3rd ave Ph-02 2,000 913 2 2.25 6 $ 1,895,000 $ 1,825,000 2000 1st ave 1602 1,909 707 3 2.5 20 $ 1,425,000 $ 1,350,000 2125 1st ave 1506 1,233 596 2 2 33 $ 749,000 $ 735,000 819 Virginia St 1102 1,324 446 2 1.75 7 $ 550,000 $ 590,000 909 5th ave 1404 1,208 464 1 1.25 6 $ 600,000 $ 560,000 1415 2nd ave 1010 713 617 1 0.75 23 $ 440,000 $ 440,000 2600 2nd ave 316 1,110 387 2 2.5 21 $ 429,950 $ 429,950 5261st ave S 327 1,644 249 2 1.75 105 $ 425,000 $ 410,000 2030 Western ave 504 780 519 1 1 25 $ 405,000 $ 405,000 2415 2nd ave 409 916 437 2 1.75 20 $ 350,000 $ 400,000 121 Vine St 1207 855 418 1 1 25 $ 360,000 $ 357,000 2721 1st ave 203 725 455 1 1 9 $ 325,000 $ 330,000 401 9th ave 508 633 458 0 1 5 $ 300,000 $ 290,000 3104 Western ave 517 507 430 1 1 6 $ 229,950 $ 218,000 699 John St 403 376 521 0 1 5 $ 199,999 $ 196,000 3028 Western ave 302 450 300 0 1 23 $ 144,900 $ 135,000

addRess unit sF $ / sF Bed BatH age list pRice sold pRice

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Innovative. Experience. results.ouR pHilosopHy buying or selling a property is one of the most important financial decisions you will ever make. When it comes to the competitive Seattle real estate market, the place to be is in the know. We believe in taking the time to educate clients so that they can make smart, informed choices. Beyond expectations having an experienced, savvy agent on your side is key to achieving the results you desire. meeting our clients’ needs above and beyond their expectations is the foundation of our success. We take pride in offering the highest level of professional integrity and reliable service. To learn more about how we can help you reach your real estate goals and turn your dreams into reality, contact us today or visit our website at www.stroupe.com.

listings

sold listings last month Queen anne

click HeRe

AboUT The TeAM sTAY inforMed bUYers sellers ConTACT Us

507 W Olympic Place b 2,060 403 2 2.25 7 $ 899,000 $ 830,000 100 W highland Dr 410 1,514 548 2 1.75 93 $ 849,000 $ 830,000 415 W mercer St 1002 1,881 380 2 2 51 $ 749,000 $ 715,000 1401 5th ave W 212 1,512 423 1 2 94 $ 699,950 $ 640,000 900 aurora ave N S-601 1,479 367 2 1.75 15 $ 525,000 $ 543,500 501 roy St c-219 1,034 363 2 1.5 7 $ 359,000 $ 375,000 530 4th ave W 404 908 406 2 1.75 11 $ 359,000 $ 369,000 801 2nd ave N 101 1,057 335 2 1.75 20 $ 359,000 $ 354,000 524 6th av Pl W 308 920 375 2 2 17 $ 344,950 $ 344,950 201 Galer St 223 931 354 1 1 106 $ 345,000 $ 330,000 3636 14th ave W 101 1,145 269 2 2 28 $ 308,000 $ 308,000 1758 Dexter ave N 4 1,144 246 2 1 52 $ 275,000 $ 281,003 501 roy St F-235 743 375 1 1 7 $ 279,500 $ 278,750 520 2nd ave W 211 598 400 1 1 22 $ 239,000 $ 239,000 2716 Elliott ave 306 625 379 1 1 11 $ 249,000 $ 237,000 501 roy St r-202 563 394 0 1 7 $ 212,900 $ 222,000 762 hayes St 27 861 252 2 1 37 $ 207,000 $ 217,350 524 6th ave W 106 500 430 1 1 17 $ 215,000 $ 215,000

addRess unit sF $ / sF Bed BatH age list pRice sold pRice

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listings

sold listings last month capitol Hill / eastlake

613 E highland Dr 4 2,114 390 3 2.5 30 $ 824,950 $ 824,950 414 13th ave E Ph-1 1,823 329 4 2 45 $ 599,950 $ 600,000 1301 Spring St 13-a 1,185 493 2 1.75 32 $ 599,000 $ 584,000 745 bellevue ave E 205 1,151 452 2 1.75 8 $ 519,500 $ 520,000 201 E boston St 1200 1,178 371 2 1.75 25 $ 444,000 $ 437,500 1711 E Olive Wy 214 970 421 2 2 8 $ 409,000 $ 408,500 1301 Spring St 8-E 845 477 1 1.5 32 $ 399,000 $ 403,100 732 11th ave E 401 947 422 2 1 45 $ 415,000 $ 400,000 1414 12th ave 318 822 482 1 1 6 $ 389,000 $ 396,500 601 belmont ave E D-9 806 475 1 1 44 $ 390,000 $ 383,000 1810 E republican St 4 950 368 2 1 100 $ 349,000 $ 350,000 131 bellevue ave 305 1,065 325 2 2 28 $ 335,000 $ 346,000 721 boylston ave E 105 690 478 1 1 84 $ 299,900 $ 330,000 131 bellevue ave E 303 848 389 2 1.75 28 $ 325,000 $ 330,000 1550 Eastlake ave E 201 763 410 1 1 17 $ 319,500 $ 312,500 923 15th ave 3 842 368 2 1 30 $ 310,000 $ 310,000 630 13th ave E 7 691 441 2 1 55 $ 319,000 $ 305,000 400 boylston ave E 404 608 479 1 1 83 $ 275,000 $ 291,000 1111 4th ave E 8 688 420 1 1 85 $ 282,000 $ 289,000 1111 15th ave 7 640 450 1 1 31 $ 288,000 $ 288,000 1420 Terry ave 1007 622 458 1 1 12 $ 285,000 $ 285,000 752 bellevue ave E 312 448 547 1 1 58 $ 258,000 $ 245,000 1221 minor ave 306 631 380 1 1 54 $ 239,950 $ 239,950 400 boylston ave E 211 515 431 1 1 83 $ 225,000 $ 222,000 1620 belmont ave 230 510 392 0 1 13 $ 205,000 $ 200,000 1400 hubbell Place 605 447 437 1 1 57 $ 199,000 $ 195,500 2810 16th ave S 305 682 264 1 1 84 $ 180,000 $ 180,000 1107 E Denny Wy D-3 502 292 0 1 105 $ 146,500 $ 146,500 10 E roanoke 23 598 173 0 0 28 $ 115,000 $ 103,500

addRess unit sF $ / sF Bed BatH age list pRice sold pRice

move into the current

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featured listing

urban loft in belltownOPEN urbaN LOFT WITh NIcE VIEWS

Open loft plan in the desirable north tower of the Klee with its quiet concrete & steel construction. Enjoy views of the city & sound. French doors open to the large private balcony. Large kitchen, new carpet, tall ceilings, secured parking & storage. Located near Olympic Sculpture Park, Pike Place market, awesome restaurants, shops, and entertainment. amenities include fitness center, media room, business center, concierge/manager and clubroom with serene bbQ patio. Very well managed building.

Schedule a Showing

Address

2717 Western avenue, #7014

PriCe

$345,000

bedrooMs

1

bAThrooMs

1.0

PArking

1 space (Secured, Permitted)

YeAr bUilT

2001

size

720 SF (per King Co. Tax Records)

hod

$340/ month

TAxes

$2,366 / year (Tax Year of 2013)

bUilding feATUres

club room (full kitchen), Fitness center, Terrace (rooftop), Secured Parking (assigned & permit)

pRopeRty details

View The Klee Profile

View more Photos and Details

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2 0 6 . 9 1 0 . 5 0 0 0 | w w w . s t r o u p e . c o m

subscribe to future editions of stroupe’s condo scoop view our past publications

featured in our next edition…

Olive 8Luxury aT EVEry LEVEL

Address

737 Olive Way

ToTAl # of UniTs

229

YeAr bUilT

2009

AMeniTies

concierge (full time), Spa Services (hotel), Guest Suites (hotel), hotel (part of complex), Pool (indoor), hot tub (indoor), Sauna, Steam room, conference room (hotel), club room (full kitchen), Fitness center (hotel), yoga / Flex room (hotel), Dog area, Terrace (patio), a/c (entire building), Secured Parking (assigned)

This newsletter is provided to you at no charge as a continuing service from the Stroupe Group. Information is not guaranteed to be error-free and should not be relied upon. all information should be verified. Please feel free to contact us with any questions or comments. If your property is currently listed, this is not a solicitation for that listings. Each office is independently owned and operated.

View the Olive 8 Profile