inside this issue

march 2013 E DITION | SaLES STaTS FOr FE b r uary 2013

Featured buildingThe Ellington

market analysisSeattle area Trends & Prices

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

Featured ListingStuds-out remodel in the market

020304

07

c o n d o s c o o p

206.910.5000www.stroupe.com

View the Ellington Profile

Located at First and broad, the Ellington is at the center of all of the excitement belltown has to offer, from the finest boutiques, restaurants and theaters to panoramic city, mountain and sound views.

This sophisticated building is graced by a lushly landscaped courtyard created by JGm Landscape architects. It has unusual courtyard features including environmental water sculpture by Seattle artist buster Simpson. The Ellington consists of two towers connected with a unique breezeway to connect the two buildings. This community offers resort-style luxuries such as 24 / 7 concierge service, remodeled fitness center with a relaxing spa, meeting room, club room and a terrace for gatherings with city views. Invite your out of town guest to stay with you and have them stay in one of the two beautiful guest suites. contemporary floor plans with gourmet kitchens, recessed private entries, private decks with some of the best views in Seattle make living at the Ellington a uniquely rewarding experience.

featured building

the ellingtonurbaN PLEaSurE. NaTuraL PErSPEcTIVE

Address

2801 First avenue

neighborhood

belltown

ToTAl # of UniTs

209 (not including commercial)

YeAr bUilT

2000

ToTAl sTories

12 (two towers)

lisTing hisTorY, PAsT 12 MonThs

(From 3/1/12 to 2/28/13)

Total # of Units listed: 16 (units that were relisted after coming off the market are counted as one)

Total # of Unit sales: 13 (plus zero sold subject to inspection, one pending sale)

Currently Active on Market: 1 (as of 03/10/13)

sAles hisTorY, PAsT 12 MonThs

Average-Unit orig. list Price: $317,415

Average-Unit sale Price: $306,015

list / sold Price ratio: 96.4%

Average Market Time: 43 days

AMeniTies

24/7 concierge, Outdoor hot Tub (covered), Two Guest Suite, conference room, club room w/Full Kitchen, Fitness center, Patio terrace.

Building Facts & stats

View the Ellington Profile

move into the current

206.910.5000www.stroupe.com

market analysis

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

downtown seattle Queen anne capitol Hill/eastlake

downtown seattle Queen Anne Capitol hill/eastlake

aVeRage sold pRices FoR tHe past 12 MontHs, FeBRuaRy 2012 – FeBRuaRy 2013

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

$700K

$600K

$500K

$400K

$300K

$200K

downtown seattle$606,435 (0.3 %)

Queen anne$285,475 (1.6%)

capitol Hill / eastlake$281,322 (1.1%)

Average Prices2012 2013

List $472,666 List $608,403

Sold $453,399 Sold $606,435

0.04% Variance 0.3% Variance

Sold Listings

22

30

36.4% Change

Average $ / SF

$415

$541

+30.4% Change

Average Prices2012 2013

List $262,308 List $290,212

Sold $252,875 Sold $285,475

0.03% Variance 1.6% Variance

Sold Listings

19

20

5% Change

Average $ / SF

$275

$308

+12% Change

Average Prices2012 2013

List $280,271 List $284,342

Sold $270,864 Sold $281,322

3.36% Variance 1.1% Variance

Sold Listings

25

38

34.2% Change

Average $ / SF

$347

$348

+0.29% Change

F m a m J J a S O N D J F 2012 2013

2012February

2013 2012February

2013 2012February

2013

listings

sold listings last month

downtown seattle

Arbor Place121 Vine St 1203 1065 399 2 1.75 24 $ 435,000 $ 425,000 121 Vine St 503 1094 334 2 1.75 24 $ 369,000 $ 365,000 121 Vine St 303 1112 288 2 1.75 24 $ 320,000 $ 320,000

ellington 2801 1st ave 417 719 459 1 1 12 $ 310,000 $ 330,000 2801 1st ave 512 608 448 1 1 12 $ 259,000 $ 272,250

escala 1920 4th ave 1811 1607 572 2 2 4 $ 919,000 $ 919,000 1920 4th ave 1508 1607 492 2 2 4 $ 815,000 $ 790,000 1920 4th ave 611 1607 416 2 2 4 $ 669,000 $ 669,000 1920 4th ave 1403 910 643 1 1.5 4 $ 569,500 $ 585,000 1920 4th ave 901 952 571 1 1.5 4 $ 544,000 $ 544,000

harbor heights 2621 2nd ave 1404 1150 335 2 1.75 33 $ 399,000 $ 385,000 2621 2nd ave 1003 1050 319 2 1.5 33 $ 334,950 $ 334,950

olive 8 737 Olive Way 3102 1586 678 2 2 4 $ 1,100,000 $ 1,075,000 737 Olive Way 3805 1350 722 2 2 4 $ 975,000 $ 975,000 737 Olive Way 3105 1350 626 2 2 4 $ 845,000 $ 845,000 737 Olive Way 2506 808 625 1 1 4 $ 529,000 $ 505,000 737 Olive Way 2210 650 608 1 1 4 $ 395,000 $ 395,100

other Properties 99 union St 1702 1850 1,459 2 2 5 $ 2,750,000 $ 2,700,000 1521 2nd ave 1000 1824 754 2 1.75 5 $ 1,425,000 $ 1,375,000 900 Lenora St 307 1660 425 2 2 6 $ 705,000 $ 705,000 1415 2nd ave P-2509 998 556 2 1.75 22 $ 430,650 $ 555,000 2033 2nd ave 1506 811 610 1 1.5 8 $ 495,000 $ 495,000 526 1st ave S 517 1645 292 1 1.75 104 $ 499,000 $ 480,000 2607 Western ave 211 1127 387 2 1.75 11 $ 440,000 $ 436,000 1000 1st ave 1503 805 528 1 1.5 7 $ 439,000 $ 425,000 2720 3rd ave Th-5 1563 270 2 1.5 6 $ 422,000 $ 422,000 2717 Western ave 328 661 378 1 1 12 $ 260,000 $ 250,000 2414 1st ave 503 575 375 1 1 19 $ 199,000 $ 215,755 2721 1st ave 801 464 442 0 1 8 $ 205,000 $ 205,000 2324 1st ave 508 419 465 0 1 105 $ 195,000 $ 195,000

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

move into the current

206.910.5000www.stroupe.com

listings

sold listings last month

Queen anne

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.

720 Queen anne ave N 510 1349 496 2 1.75 16 $ 669,000 $ 669,000 2565 Dexter ave N 202 2000 212 2 1.75 38 $ 424,900 $ 424,900 701 Galer St 809 1356 292 2 2.25 21 $ 399,999 $ 395,500 2125 Westlake ave N 302 1210 314 2 1.75 29 $ 409,000 $ 380,200 701 Galer St 618 1398 268 2 2.5 21 $ 389,900 $ 374,000 500 W roy St W-104 1071 347 2 2 31 $ 375,000 $ 372,000 2419 8th ave N 201 1166 300 2 2 21 $ 359,900 $ 350,000 3044 14th ave W b-203 1374 254 2 2.5 23 $ 349,000 $ 349,000 626 4th ave W 406 713 417 2 2 17 $ 294,800 $ 297,400 323 Queen anne ave N 206 700 400 1 1 13 $ 279,900 $ 279,900 120 1st ave W 405 622 439 1 1 13 $ 285,000 $ 273,000 626 4th ave W 504 695 360 2 1.75 13 $ 250,000 $ 250,000 626 4th ave W 101 607 377 1 1 17 $ 229,000 $ 229,000 323 Queen anne ave N 711 684 329 2 1 14 $ 239,900 $ 225,100 420 Valley St W-302 725 310 2 2 22 $ 215,000 $ 225,000 201Galer St 314 703 260 0 1 104 $ 175,000 $ 183,000 2021 4th ave N b co-Op n/a 0 0.75 104 $ 179,950 $ 167,000 526 W mercer Place 402 925 157 2 1 46 $ 145,000 $ 145,000 22 John St 2 350 187 0 0.75 105 $ 65,500 $ 65,500 22 John St 9 376 146 0 0.75 105 $ 68,500 $ 55,000

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

listings

sold listings last month

capitol Hill / eastlake

**unit sold as a shell. Not included in monthly stats.

303 E Pike St Ph-2 1132 559 2 1.75 15 $ 695,000 $ 633,000 1605 E Pike St 200 1363 454 2 2 10 $ 649,999 $ 619,000 1101 Seneca St 1603 1274 392 2 1.75 32 $ 499,000 $ 499,000 1521 18th ave a 1420 349 3 3 5 $ 488,000 $ 495,000 2035 Eastlake ave E 203 954 414 2 1.75 12 $ 374,900 $ 395,000 3100 Fairview ave E 210 1447 263 3 1.75 22 $ 389,000 $ 380,000 732 11th ave E 404 1006 371 2 1 44 $ 385,000 $ 373,700 1740 melrose ave 702 1096 319 2 1.75 51 $ 350,000 $ 350,000 506 E howell St E-306 824 400 2 2 21 $ 329,000 $ 330,000 303 E Pike St 302 788 406 1 1 15 $ 319,950 $ 319,950 412 11th ave 306 1009 314 2 2 11 $ 329,000 $ 317,000 1111 10th ave E 43 984 318 2 2 27 $ 325,000 $ 312,500 3217 Eastlake ave E 309 1011 307 1 1.75 9 $ 299,999 $ 310,000 2633 Franklin ave E 102 885 339 2 1 46 $ 229,999 $ 299,999 2203 yale ave E 201 836 356 2 1 85 $ 299,950 $ 297,500 2820 E madison St 503 872 341 1 1 10 $ 309,950 $ 297,500 3217 Eastlake ave E 310 1025 263 1 1.75 9 $ 279,950 $ 270,000 1406 harvard ave 16 813 326 1 1.25 105 $ 289,950 $ 265,000 1420 Terry ave 306 618 414 1 1 11 $ 255,000 $ 256,025 827 hiawatha Place S 507 858 286 2 1 3 $ 249,900 $ 245,000 1114 17th ave 204 788 309 1 1 86 $ 250,000 $ 243,500 308 E republican St 612 732 313 1 1 52 $ 229,000 $ 229,000 526 17th ave E 9 553 412 1 1 58 $ 234,900 $ 228,000 705 E republican St 202 622 363 1 1 50 $ 197,200 $ 226,000 2920 Eastlake ave E 204 558 394 0 1 8 $ 239,950 $ 220,000 827 hiawatha Place S 311 858 256 2 1 3 $ 219,900 $ 219,900 827 hiawatha Place S 309 858 252 2 1 3 $ 215,900 $ 215,900 1605 E Olive St 309 co-Op n/a 1 1 87 $ 210,000 $ 210,000 516 E Thomas St 105 694 288 2 1 96 $ 200,000 $ 200,000 1420 E Pine St E-607 480 416 0 1 8 $ 199,900 $ 199,900 124 bellevue ave E 207 455 413 0 0 6 $ 204,900 $ 188,000 827 hiawatha Place S 402 595 316 1 1 3 $ 189,900 $ 187,900 1221 minor ave 502 611 303 1 1 53 $ 190,000 $ 185,000 505 E Denny Wy a-201 527 315 1 1 90 $ 165,000 $ 166,000 752 bellevue ave E 108 242 578 0 0.75 10 $ 149,950 $ 139,950 211 Summit ave E N-308 383 342 0 1 29 $ 131,000 $ 131,000 1323 boren ave 203 402 299 1 1 1 $ 119,000 $ 120,000 1400 hubbell Place 612 572 201 1 1 56 $ 109,950 $ 115,000

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

move into the current

206.910.5000www.stroupe.com

featured listing

studs-out remodel in the marketTaSTEFuLLy rEmODELED uNIT WITh aTTENTION TO DETaILS IN IcONIc PIKE PLacE marKET

Live in the iconic Pike Place market in this incredible studs-out remodeled unit. Tasteful design & material selections at every detail. Elegant kitchen with slab granite and eating bar, hardwood flooring, custom cabinets, Stainless Steel appliances, wine cooler, spa bathroom, custom lighting, and tall ceilings. Vibrant living with the bustling life of the market out your front door! Local vendors with the finest seafood, meats and vegetables. building has new roof, windows & siding. One parking space & storage included.

Schedule a Showing

Address

2030 Western avenue, #502

PriCe

$349,950

bedrooMs

1

bAThrooMs

1

PArking

1 space (secured)

YeAr bUilT

1989

size

631 SF (per King Co. Tax Records)

hod

$418/ month

TAxes

$2,330 / year (Tax Year of 2012)

bUilding feATUres

concierge, Lush garden terrace.

pRopeRty details

View the market court Profile

View more Photos and Details

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

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featured in our next edition…

belltown courtAddress

2414 1st avenue 2415 2nd avenue

ToTAl # of UniTs

243 (including commercial)

YeAr bUilT

1994 (converted in 1996)

AMeniTies

On site manager, Indoor hot Tub, Indoor Pool, club room w/full Kitchen, Fitness center, courtyard terrace & rooftop Terrace.

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 belltown court building Profile