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Featuring the first high-rise building in Belltown with its many amenities, open floor plans and spacious decks. Also featuring the corner unit at the Cristalla, a highly-sought-out space in one of Seattle's premier buildings.
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inside this issue
J U LY 2014 E D ITION | SALES STATS FOR J U N E 2014
Featured BuildingThe Royal Crest
Market AnalysisSeattle area Trends & Prices
Sold Listings Last MonthDowntown Seattle, Queen Anne & Capitol Hill / Eastlake
Featured ListingSound views from corner unit in Cristalla
020304
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C O N D O S C O O P
206.910.5000www.stroupe.com
View The Royal Crest Profile
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Known to be the first high-rise built in the Belltown neighborhood, the Royal Crest is a 128-unit, 26-story steel reinforced concrete high-rise condominium complex. The 21 top floors consists of 132 privately-owned units with only 6 units per floor. Most units feature large, open floor plans with spacious decks with sound, mountain or city views. The 2nd and 3rd floors house 58 parking spaces for homeowners. On the 4th floor are swimming pool and deck, two saunas, two shower rooms, fitness center, fully furnished party room and an exterior terrace. Full security is provided through a television monitor/voice intercom system in the lobby, plus an on-site resident manager.
featured building
the royal crestAT WORK. AT PLAY. AT HOME.
ADDRESS
2100 3rd Avenue
NEIGHBORHOOD
Belltown
TOTAL # OF UNITS
128 (not including commercial)
YEAR BUILT
1972
TOTAL STORIES
26
LISTING HISTORY, PAST 12 MONTHS
(From 7/1/13 to 6/30/14 — unit #505 is not included in stats)
Total # of Units Listed: 9 (units that were relisted after coming off the market are counted as one)
Total # of Unit Sales: 7 (plus zero sold subject to inspection, one pending sales)
Currently Active on Market: 1 (as of 7/5/14)
SALES HISTORY, PAST 12 MONTHS
Average-Unit Orig. List Price: $330,500
Average-Unit Sale Price: $305,000
List / Sold Price Ratio: 92.3%
Average-Sold Price per sq/ft: $348.86
Average Market Time: 56 days
AMENITIES
Pool (Outdoor), Sauna, Club Room (Full Kitchen), Fitness Center, Terrace (Patio), A/C (Some Units), Secured Parking (Assigned, not all units)
BUILDING FACTS & STATS
View The Royal Crest Profile
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206.910.5000www.stroupe.com 3
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 $461,044 List $616,138
Sold $457,236 Sold $600,484
-0.83% Variance -2.54% Variance
Sold Listings
46
47
2.2% Change
Average $ / SF
$491
$604
23.0% Change
Average Prices2013 2014
List $381,783 List $320,187
Sold $379,448 Sold $320,168
-0.61% Variance 0.01% Variance
Sold Listings
31
34
9.68% Change
Average $ / SF
$368
$374
1.63% Change
Average Prices2013 2014
List $290,168 List $393,267
Sold $298,874 Sold $392,476
3.00% Variance -0.20% Variance
Sold Listings
25
47
88.0% Change
Average $ / SF
$386
$449
16.32% Change2013June
2014 2013June
20142013June
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 J A S O N D J F M A M J2013 2014
AVERAGE SOLD PRICES FOR THE PAST 12 MONTHS, JUNE 2013 – JUNE 2014
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listings
sold listings last month DOWNTOWN SEATTLE
Avenue One 2721 1st Ave 1108 1,235 587 2 2 9 $ 740,000 $ 725,000 2721 1st Ave 705 893 495 1 1 9 $ 434,500 $ 442,000
Belltown Lofts 66 Bell St 306 889 505 1 1 100 $ 449,000 $ 449,000 66 Bell St 25 594 369 1 1 100 $ 249,950 $ 219,400
Carbon 56 2015 Terry Ave 313 759 464 1 1 10 $ 342,500 $ 352,000 2015 Terry Ave 413 759 425 1 1 10 $ 319,500 $ 322,7702015 Terry Ave 411 667 463 1 1 10 $ 303,500 $ 308,500
Concord 2929 1stAve 600 1,124 601 2 1.75 14 $ 679,000 $ 675,000 2929 1st Ave 410 718 543 1 1 14 $ 384,500 $ 390,000 2929 1st Ave 707 571 577 1 1 14 $ 324,500 $ 329,5002929 1st Ave 212 580 448 0 1 14 $ 275,000 $ 260,000
Cosmopolitan 819 Virginia St 2211 954 506 1 1 7 $ 489,950 $ 482,500 819 Virginia St 1108 419 473 0 1 7 $ 208,000 $ 198,000
Escala 1920 4th Ave 1104 910 687 1 1.5 5 $ 595,000 $ 625,000 1920 4th Ave 901 952 632 1 0.5 5 $ 599,000 $ 602,0001920 4th Ave 1210 910 651 1 1.5 5 $ 589,000 $ 592,700 1920 4th Ave 406 952 514 1 1.5 5 $ 489,000 $ 489,000
Montreaux 425 Vine St 716 496 494 1 1.5 15 $ 239,000 $ 245,000 425 Vine St 412 368 457 1 1 15 $ 169,800 $ 168,000
Olive 8 737 Olive Wy 3800 2,225 872 3 3 5 $ 2,195,000 $ 1,940,000 737 Olive Wy 2300 1,534 696 2 2 5 $ 1,175,000 $ 1,068,000 737 Olive Wy 3704 680 790 1 1 5 $ 548,000 $ 537,000 737 Olive Wy 2006 808 625 1 1 5 $ 519,000 $ 505,000
Watermark Tower 1107 1st Ave 902 1,053 489 2 1.75 31 $ 525,000 $ 515,000 1107 1st Ave 1502 749 585 1 1 31 $ 449,000 $ 438,000
Other Properties 1521 2nd Ave 3000 2,602 1,422 2 2.5 6 $ 3,700,000 $ 3,700,000909 5th Ave PH-3 2,043 832 3 2.5 7 $ 1,890,000 $ 1,700,0002821 2nd Ave 1405 2,303 578 2 2.25 32 $ 1,325,000 $ 1,330,000 511 Mercer Place 502 2,165 476 3 2.5 11 $ 1,098,000 $ 1,030,0002125 1st Ave 1405 1,233 729 2 1.75 33 $ 925,000 $ 899,0001415 2nd Ave 2209 998 734 2 1.75 23 $ 699,990 $ 733,000 2801 1st Ave 209 1,282 472 2 1.75 13 $ 579,500 $ 605,000 2911 2nd Ave 603 1,160 487 2 2 5 $ 575,000 $ 565,000 606 Post Ave 201 1,225 393 2 2 114 $ 479,000 $ 482,0002716 Elliott Ave 1203 1,073 443 2 2 11 $ 475,000 $ 475,000 2607 Western Ave 112 1,098 433 1 1.25 12 $ 499,950 $ 475,000 1000 1st Ave 2103 805 460 1 1.5 8 $ 380,000 $ 370,000 526 1st Ave S 410 1,105 334 2 1 105 $ 369,000 $ 369,000
ADDRESS UNIT SF $ / SF BED BATH AGE LIST PRICE SOLD PRICE
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3028 Western Ave 510 775 419 1 1 23 $ 329,500 $ 325,000 2600 2nd Ave 307 720 444 1 1 21 $ 319,900 $ 319,900 2033 2nd Ave 1005 441 703 0 1 9 $ 310,000 $ 310,000 76 Cedar St 601 615 504 1 1 6 $ 334,950 $ 310,00098 Union St 410 577 507 1 1 29 $ 310,000 $ 292,500 2717 Western Ave 4018 721 402 1 1 13 $ 290,000 $ 290,000 121 Vine St 306 793 353 1 1 25 $ 293,000 $ 280,0002414 1st Ave 319 627 445 1 1 20 $ 279,000 $ 279,000 2440 Western Ave 417 599 342 1 1 16 $ 205,000 $ 205,000
listings
sold listings last month
DOWNTOWN SEATTLE (CONTINUED)
ADDRESS UNIT SF $ / SF BED BATH AGE LIST PRICE SOLD PRICE
QUEEN ANNE
1401 5th Ave W 315 1,118 514 2 1 94 $ 550,000 $ 575,000 17 W Mercer St 3 1,511 374 2 2.5 12 $ 580,000 $ 565,000 1401 5th Ave W 407 1,206 405 2 2 118 $ 489,000 $ 489,000 2048 13th Ave W 5 1,445 336 2 2.25 16 $ 499,000 $ 485,000 505 W Roy St 402 1,137 418 2 2 32 $ 449,950 $ 475,000 2101 Nob Hill Ave N 1B 969 479 2 1 32 $ 469,000 $ 463,800 501 Roy St M-216 1,286 351 2 1.5 7 $ 445,000 $ 452,000 2121 Westlake Ave N 302 1,303 327 2 1.75 30 $ 425,000 $ 426,500 1401 5th Ave W 403 908 428 1 1.5 94 $ 399,900 $ 389,000 521 5th Ave W 405 888 405 1 1 51 $ 365,000 $ 360,000 1504 Aurora Ave N 412 981 357 2 1.75 23 $ 359,000 $ 350,000 2401 8th Ave N 303 767 445 1 1 38 $ 349,000 $ 341,000 1250 Taylor Ave N 201 1,207 279 2 1.75 36 $ 344,500 $ 337,000 201 Galer St 347 900 372 1 1 106 $ 315,000 $ 335,000 420 Valley St W-502 735 432 2 2 23 $ 319,950 $ 317,450 420 Valley St 307 736 421 2 2 23 $ 309,900 $ 309,900 1504 Aurora Ave N 401 823 367 2 1 23 $ 299,000 $ 302,000 275 W Roy St 410 665 444 1 1 32 $ 289,990 $ 295,000 2040 13th Ave W 12 1,104 266 2 1.75 25 $ 299,000 $ 294,000 410 W Roy St 202 781 371 1 1 32 $ 292,000 $ 290,000 323 Queen Anne Ave N 502 759 362 1 1 15 $ 274,900 $ 275,000 530 W Olympic Place 206 602 440 1 1 65 $ 259,900 $ 265,000 762 Hayes St 18 911 285 2 1 37 $ 268,500 $ 260,000 559 McGraw St 201 838 292 1 1 19 $ 244,950 $ 244,950 301 W Raye St 212 697 344 2 1.5 27 $ 237,000 $ 240,000 1525 Taylor Ave N 607 512 469 1 1 54 $ 244,000 $ 240,000 124 Warren Ave N 308 531 395 1 1 84 $ 210,000 $ 210,000 519 W Roy St 113 599 341 0 1 84 $ 209,000 $ 204,000 550 Aloha St 207 685 296 1 1 33 $ 189,000 $ 203,000 123 Queen Anne Ave N 509 392 510 1 1 14 $ 199,975 $ 199,999 1525 Taylor Ave N 202 566 343 1 1 54 $ 198,950 $ 194,000 1525 Taylor Ave N 307 512 371 1 1 54 $ 190,000 $ 190,000 769 Hayes St 208 593 270 1 1 25 $ 158,000 $ 160,125 2244 13th Ave W 201 471 314 0 1 24 $ 153,000 $ 148,000
ADDRESS UNIT SF $ / SF BED BATH AGE LIST PRICE SOLD PRICE
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listings
sold listings last monthCAPITOL HILL / EASTLAKE
1301 Spring St 30-I 1,850 932 2 2 32 $ 1,795,000 $ 1,725,000 911 Harvard Ave E 3480 3,480 431 3 3.25 29 $ 1,595,000 $ 1,500,000 80 E Roanoke St 17 1,544 586 2 2.25 14 $ 924,900 $ 905,000 3146 Portage Bay Pl E A 1,271 688 2 1.25 23 $ 875,000 $ 875,000 1420 Terry Ave 2002 1,310 603 2 2 12 $ 770,000 $ 790,000 1101 Seneca St 1602 1,580 380 3 1.75 33 $ 600,000 $ 600,000 2364 Fairview Ave E 6 1,201 429 2 1.5 27 $ 525,000 $ 515,000 1711 E Olive Wy 109 974 449 2 2 21 $ 439,000 $ 437,000 700 E Denny Wy 408 885 475 2 1.5 14 $ 420,000 $ 420,000 1711 E Olive Wy 314 970 433 2 2 8 $ 425,000 $ 420,000 521 Summit Ave E 303 984 396 2 1.75 30 $ 375,000 $ 390,000 303 13th Ave E 103 1,054 370 2 1.75 34 $ 389,000 $ 390,000 116 11th Ave E 205 1,060 363 2 1.75 29 $ 399,500 $ 385,000 303 E Pike St 613 733 508 1 1 16 $ 359,000 $ 372,500 1414 12thAve 612 680 538 1 1 6 $ 349,950 $ 366,000 103 Bellevue Ave E 209 763 472 1 1 10 $ 349,000 $ 360,000 308 E Republican St 702 1,000 346 2 1 53 $ 339,000 $ 346,000 535 Summit Ave E 101 682 501 1 1 30 $ 299,000 $ 342,000 2512 E Madison St 504 970 345 2 1 23 $ 329,000 $ 335,000 311 E Republican St 700 789 425 2 1 11 $ 335,000 $ 335,000 1414 12th Ave 406 661 507 1 1 7 $ 335,000 $ 335,000 505 Belmont Ave E 802 720 435 1 1 52 $ 285,000 $ 313,100 1120 17th Ave 302 685 453 1 1 86 $ 305,000 $ 310,000 1550 Eastlake Ave E 202 837 370 1 1 17 $ 315,000 $ 310,000 231 Belmont Ave E 408 692 445 2 1 25 $ 319,000 $ 307,900 735 Federal Ave E 7 677 451 1 1 87 $ 298,900 $ 305,000 1631 16th Ave 108 726 417 1 1 85 $ 289,000 $ 303,000 1631 16th Ave 211 615 493 1 1 85 $ 300,000 $ 303,000 2012 Eastlake Ave E 205 1,280 230 2 1.75 28 $ 285,000 $ 295,000 1101 18th Ave 1101 497 584 1 1 86 $ 299,950 $ 290,000 1711 E Olive Wy 115 592 465 1 1 21 $ 275,000 $ 275,000 1711 E Olive Wy 207 526 515 1 1 8 $ 255,000 $ 271,000 752 Bellevue Ave E 303 448 569 1 1 58 $ 249,900 $ 255,000 1114 17th Ave 103 788 311 1 1 87 $ 249,950 $ 245,000 752 Bellevue Ave E 309 448 545 1 1 58 $ 250,000 $ 244,000 2228 Yale Ave E 32 488 461 1 1 27 $ 225,000 $ 225,000 1740 Melrose Ave 604 731 302 1 0.75 51 $ 229,000 $ 221,000 1640 18th Ave 5 616 356 1 1 87 $ 219,000 $ 219,000 308 E Republican St 910 664 327 1 1 53 $ 219,500 $ 217,000 1640 18th Ave 8 569 360 1 1 87 $ 219,000 $ 205,000 3121 Franklin Ave E 33 602 312 1 1 86 $ 188,000 $ 188,000 3121 Franklin Ave E 24 569 325 1 1 86 $ 185,000 $ 185,000 1414 E Harrison St M 770 240 1 1 110 $ 180,000 $ 184,893 308 E Republican St 413 614 288 1 1 53 $ 169,000 $ 177,000 308 E Republican St 809 614 252 1 1 53 $ 142,000 $ 155,000 408 Bellevue Ave E 205 475 316 1 1 86 $ 155,000 $ 150,000 1400 Hubbell Place 914 425 351 0 1 57 $ 149,000 $ 149,000
ADDRESS UNIT SF $ / SF BED BATH AGE LIST PRICE SOLD PRICE
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featured listing
sound views from corner unit in cristallaBRIGHT AND BEAUTIFUL TWO BEDROOM UNIT WITH SOUND AND CITY VIEWS
Relish living in this highly sought out northwest corner unit in the Cristalla — one of Seattle’s premier buildings. Amazing mountain, Puget Sound and city views from every room. This expansive unit features top of the line finishes including wood floors, slab granite, stainless steel appliances and 2 secured parking spaces. Cristalla’s first class amenities include hot tub, sauna and steam room, club room, theater, flex room, roof top deck, dog run and 24/7 concierge. Great location, close to Pike Place Market, the retail core and Belltown.
Schedule a Showing
ADDRESS
2033 2nd Avenue, #1502
PRICE
$1,250,000
BEDROOMS
2 (Plus Den)
BATHROOMS
1.75
PARKING
2 spaces (Secured)
YEAR BUILT
2005
SIZE
1583 SF (per King Co. Tax Records)
HOD
$1279/month
TAXES
$8,322/year (Tax Year of 2013)
BUILDING FEATURES
Concierge (Full Time), Guest Suite (One), Hot tub (Indoor), Sauna, Steam Room, Business Center, Conference Room, Club Room (Full Kitchen), Movie Room, Wine Storage (Privately Owned), Fitness Center, Yoga / Flex Room, Dog Area (Outdoor), Terrace (Rooftop + Patio), A/C (Entire Building), Historic (Facade Only), Secured Parking (Assigned)
PROPERTY DETAILS
View the Cristalla Profile
View more Photos and Details
CLICK HERE
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featured in our next edition…
81 Vine StreetLEGENDARY LOFTS
ADDRESS
81 Vine
TOTAL # OF UNITS
23 (entire complex)
YEAR BUILT
1914 / Converted 1990
AMENITIES
A/C (Some Units), Historic, Secured Parking (Assigned, not all units)
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 81 Vine Street Profile
