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inside this issue

Fe b r uary 2014 e D ITION | SaLeS STaTS FOr jaN uary 2014

Featured buildingbay Vista

Market analysisSeattle area Trends & Prices

Sold Listings Last MonthDowntown Seattle, Queen anne & Capitol Hill / eastlake

Featured Listingelegant View unit at the Cosmopolitan

020304

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c o n d o s c o o p

206.910.5000www.stroupe.com

View the bay Vista Profile

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Standing prominently at 24 levels, the bay Vista Tower is one of the tallest buildings in the northern section of belltown. built in 1982, this concrete and steel building consists of 5 floors of retail and commercial space. Standing above half of the base of the building are 77 residential homes — from floors seven through twenty four. The top two floors are comprised of 2 penthouses, perched high in the sky with unsurpassed views of Puget Sound, Olympic mountains and city skylines. unlike any other building in the neighborhood, bay Vista’s sixth floor roof-top terrace is truly one of a kind; featuring an athletic court, a walking/running track, herb and vegetable garden, glass enclosed heated swimming pool and spa amenities. Imagine all this in a park-like setting, surrounded by mature greeneries and colorful plantings. In addition to these resort-like outdoor amenities, the building also provides an indoor exercise room, game room, club room, guest suite, 24-hour concierge service, and onsite building management.

featured building

bay vistaGraCeFuL abuNDaNCe

Address

2821 2nd avenue

neighborhood

belltown

ToTAl # of UniTs

77 (not including commercial)

YeAr bUilT

1982

ToTAl sTories

24 (including 13th floor)

lisTing hisTorY, PAsT 12 MonThs

(From 2/1/13 to 1/31/14)

Total # of Units listed: 11 (units that were relisted after coming off the market are counted as one)

Total # of Unit sales: 7 (plus one sold subject to inspection, zero pending sales)

Currently Active on Market: 1 (as of 1/6/14)

sAles hisTorY, PAsT 12 MonThs

Average-Unit orig. list Price: $769,714

Average-Unit sale Price: $719,714

list / sold Price ratio: 93.5%

Average-sold Price per sq/ft: $471.94

Average Market Time: 147 days

AMeniTies

Concierge (full time), Guest Suite (one), Pool (indoor), Hot Tub (indoor), Sauna, business Center, Conference room, Club room (full kitchen), Fitness Center, Fitness Court, Terrace (Patio), a/C (entire building), Secured Parking (assigned)

Building Facts & stats

View the bay Vista 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 $614,819 List $701,530

Sold $585,902 Sold $682,107

-4.7% Variance -2.77% Variance

Sold Listings

24

22

-8.3% Change

Average $ / SF

$539

$582

8.0% Change

Average Prices2013 2014

List $399,827 List $314,827

Sold $374,099 Sold $312,362

-6.43% Variance -0.78% Variance

Sold Listings

22

21

-4.55% Change

Average $ / SF

$329

$311

-5.47% Change

Average Prices2013 2014

List $319,746 List $403,439

Sold $316,742 Sold $398,508

-0.94% Variance -1.22% Variance

Sold Listings

25

30

20% Change

Average $ / SF

$351

$394

12.25% Change2013january

2014 2013january

20142013january

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

j F M a M j j a S O N D j2013 2014

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

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listings

sold listings last month downtown seattle

Cosmopolitan 819 Virginia St 1411 954 468 1 1 7 $ 449,000 $ 446,500 819 Virginia St 1803 820 540 1 1 7 $ 442,900 $ 442,900 819 Virginia St 1008 419 430 0 1 7 $ 199,900 $ 180,000

escala 1920 4th ave 2806 2,442 921 3 2.5 5 $ 2,495,000 $ 2,250,000 1920 4th ave 2804 2,442 753 3 2.5 5 $ 1,889,000 $ 1,838,000 1920 4th ave 2307 1,878 577 2 2.5 5 $ 1,094,000 $ 1,084,000

Vine 2607 Western ave 1106 1,125 524 2 1.75 12 $ 589,000 $ 590,000 2607 Western ave 510 932 417 1 1 12 $ 389,000 $ 389,000

other Properties 1521 2nd ave 1401 1,968 915 2 1.75 6 $ 1,850,000 $ 1,800,000 2021 1st ave e-8 1,581 743 2 2 32 $ 1,175,000 $ 1,175,000 2125 1st ave 1602 820 646 1 1 33 $ 525,000 $ 530,000 2929 1st ave 522 1,124 458 2 2 14 $ 525,000 $ 515,000 526 1st ave S 512 1,376 338 1 1.5 105 $ 469,900 $ 465,000 2720 3rd ave 1108 985 467 1 1 6 $ 465,000 $ 460,000 2600 2nd ave 1107 908 496 2 1.75 21 $ 449,950 $ 449,950 909 5th ave 2005 808 531 1 1 6 $ 429,000 $ 429,000 1900 alaskan Wy 201 857 475 1 1 17 $ 399,000 $ 407,000 98 union St 406 1,154 334 1 1.5 29 $ 425,000 $ 385,000 2621 2nd ave 404 1,150 296 2 1.75 34 $ 325,000 $ 340,000 2721 1st ave 308 680 423 1 1 9 $ 287,500 $ 287,500 2717 Western ave 322 737 380 1 1 13 $ 298,000 $ 280,000 2415 2nd ave 432 627 419 1 1 20 $ 262,500 $ 262,500

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

move into the current

206.910.5000www.stroupe.com 5

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

1707 Dexter ave N 1709 2,200 361 3 3 5 $ 795,000 $ 795,000 2223 13th ave W 201 1,570 274 2 1.75 28 $ 449,900 $ 430,000 500 5th ave W 304 915 437 2 1.75 46 $ 399,950 $ 399,950 655 Crockett St b-206 979 393 2 1.75 10 $ 385,000 $ 385,000 2125 Westlake ave N 301 1,307 268 2 1.5 30 $ 339,900 $ 350,000 2030 13th ave W 102 1,500 227 2 1.75 36 $ 335,000 $ 340,000 100 Ward St 101 1,016 320 1 1 44 $ 335,000 $ 325,000 924 W emerson St b 1,350 240 2 1.75 39 $ 324,000 $ 324,000 626 4th ave W 401 698 440 2 2 18 $ 307,400 $ 307,400 2253 Gilman Dr W 508 1,046 284 2 1.75 34 $ 300,000 $ 297,500 699 john St 111 842 350 1 1 5 $ 289,900 $ 295,000 1730 Taylor ave N 407 824 352 2 1 46 $ 299,975 $ 290,000 559 McGraw St 303 1,190 229 2 1.75 19 $ 274,950 $ 272,000 762 Hayes St 31 911 290 2 1 37 $ 279,950 $ 264,000 2167 Dexter ave N 202 1,025 254 2 2 21 $ 259,950 $ 259,950 520 2nd ave W 407 569 428 1 1 22 $ 241,000 $ 243,500 500 aloha St 309 597 407 1 1 22 $ 250,000 $ 243,000 559 McGraw St 401 847 267 1 1 19 $ 219,000 $ 225,810 621 5th ave N 305 610 361 1 1 8 $ 221,000 $ 220,000 919 2nd ave W 303 558 273 1 1 54 $ 159,500 $ 152,500 566 Highland Dr 202 541 259 1 1 33 $ 145,000 $ 140,000

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

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listings

sold listings last month capitol Hill / eastlake

716 boylston ave e 12 2,270 748 2 2.25 11 $ 1,750,000 $ 1,696,850 1223 Spring St 600 2,285 446 2 2.5 85 $ 1,100,000 $ 1,020,000 1855 16th ave 11 2,677 327 2 2.5 3 $ 865,000 $ 875,000 1420 Terry ave 2102 1,310 560 2 2 12 $ 739,000 $ 733,000 1933 broadway e 3-b 1,598 344 2 2 25 $ 599,000 $ 550,000 1520 15th ave e 42 1,170 376 2 1.75 34 $ 429,000 $ 440,000 150 Melrose ave e 403 1,023 367 2 1.5 36 $ 379,000 $ 375,000 2820 e Madison St 403 965 386 2 1 11 $ 374,950 $ 372,500 3217 eastlake ave e 205 1,248 292 2 1.75 10 $ 369,500 $ 365,000 321 10th ave S 506 1,231 288 2 2 13 $ 372,500 $ 355,000 1221 Minor ave 209 896 374 2 1.75 54 $ 350,000 $ 335,000 303 e Pike St 310 742 438 1 1 16 $ 324,950 $ 324,950 721 boylston ave e 206 688 454 1 1 84 $ 279,900 $ 312,150 3100 Franklin ave e 3104 665 445 1 1.75 90 $ 298,000 $ 296,000 921 11th ave e 1-b 663 440 0 0 92 $ 284,950 $ 292,000 308 e republican St 714 1,190 240 2 1.75 53 $ 245,000 $ 286,000 2001 e yesler Wy 33 1,247 225 2 2.5 34 $ 285,000 $ 280,000 3217 eastlake ave e 403 883 317 1 1 10 $ 290,000 $ 280,000 511 e roy St 305 705 390 1 1 34 $ 270,000 $ 275,000 1400 Hubbell Place 1209 724 367 2 1 57 $ 265,000 $ 266,000 1414 e Harrison St e 1,043 254 1 1 107 $ 259,950 $ 265,000 1912 e Fir St 3 860 294 2 1 34 $ 252,900 $ 252,900 1000 bellevue Place e 2 597 410 1 1 29 $ 240,000 $ 245,000 231 belmont ave e 305 535 452 1 1 25 $ 252,280 $ 242,000 530 Melrose ave 305 576 413 1 1 23 $ 239,900 $ 238,000 1501 e Spring St 6 446 471 1 0.75 32 $ 197,000 $ 210,000 1707 boylston ave 208 523 392 1 1 49 $ 205,000 $ 205,000 1640 18th ave 7 600 342 1 1 85 $ 219,000 $ 205,000 2228 yale ave e 21 488 410 1 1 27 $ 199,900 $ 199,900 408 bellevue ave e 204 520 313 1 1 85 $ 166,500 $ 163,000

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

move into the current

206.910.5000www.stroupe.com 7

featured listing

elegant view unit at the cosmopolitanbrIGHT aND beauTIFuL ONe beDrOOM uNIT WITH DeN WITH CITy VIeWS

bright Contemporary one bedroom + Den unit with great views. enjoy this graceful condo with floor-to-ceiling windows, granite counters, hardwood floors, gas cooking, open floor plan, walk-in closet, a/C, fireplace and secured parking. The Cosmopolitan boast first class amenities with a concierge, hot tub, club room, guest suite, gym and an awesome rooftop deck w/bbQ grills. Located in the vibrant and highly sought after South Lake union neighborhood with Whole Foods and amazon close by.

Schedule a Showing

Address

819 Virginia Street, #1511

PriCe

$469,000

bedrooMs

1 (Plus Den)

bAThrooMs

1.0

PArking

1 space (Secured)

YeAr bUilT

2007

size

943 SF (per King Co. Tax Records)

hod

$509/ month

TAxes

$3,092 / year (Tax Year of 2013)

bUilding feATUres

Concierge (full time), Guest Suite (one), Hot Tub (indoor), Sauna, Conference room, Club room (full kitchen), Fitness Center, Terrace (rooftop and Patio), a/C (entire building), Parking (assigned).

pRopeRty details

View The Cosmopolitan Profile

View more Photos and Details

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featured in our next edition…

MontreauxeurOPeaN FLaVOr

Address

425 Vine Street

ToTAl # of UniTs

132

YeAr bUilT

1999

AMeniTies

Club room, Fitness Center, Terrace (rooftop), a/C (common spaces), Secured Parking (assigned and permit)

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 Montreaux Profile