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inside this issue

OctOb e r 2013 e D ItION | SALeS StAtS FOr Se pte m b e r 2013

Featured buildingWatermark tower

market AnalysisSeattle area trends & prices

Sold Listings Last monthDowntown Seattle, Queen Anne & capitol Hill / eastlake

Featured Listingtop Floor Unit at the Vine

020304

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c o n d o s c o o p

206.910.5000www.stroupe.com

View the Watermark tower profile

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built in 1983 and converted to condominiums in 1987, the Watermark is what “life in the city” is all about. Located on signature First Avenue with SAm, pikes place market, the symphony hall, restaurants and shopping right outside the front door. the first five floors are offices with the residential units on the upper floors. this ensures that most units in the luxury building command some of Seattle’s best sound views and oversized decks to enjoy it. the residential units tend to be larger than most other buildings in downtown. the structure allows for most walls to be moved, thus you will find a wide mix of remodeled units. Great floor plans and ideal for entertaining. You will be impressed with the 360 degrees rooftop deck, remodeled fitness center, book room, secure parking and storage.

featured building

Watermark towerLIFe IN tHe cItY

Address

1107 First Avenue

neighborhood

West edge

ToTAl # of UniTs

95 (not including commercial)

YeAr bUilT

1983 (converted in 1987)

ToTAl sTories

20 (including 13th floor; units on 6 - 20)

lisTing hisTorY, PAsT 12 MonThs

(From 10/1/12 to 9/30/13)

Total # of Units listed: 7 (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: 0 (as of 10/5/13)

sAles hisTorY, PAsT 12 MonThs

Average-Unit orig. list Price: $500,336

Average-Unit sale Price: $477,207

list / sold Price ratio: 95.4%

Average Market Time: 54 days

AMeniTies

On-site manager, book room, club room (with full Kitchen), Fitness center, rooftop & patio terrace, A/c (entire building), Assigned parking.

Building Facts & stats

View the Watermark tower 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

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

Average Prices2012 2013

List $527,851 List $437,653

Sold $513,600 Sold $432,151

-2.70% Variance -1.26% Variance

Sold Listings

36

43

19.44% Change

Average $ / SF

$500

$467

-6.60% Change

Average Prices2012 2013

List $352,916 List $341,938

Sold $334,363 Sold $334,694

-5.26% Variance -2.12% Variance

Sold Listings

24

26

8.33% Change

Average $ / SF

$313

$369

17.89% Change

Average Prices2012 2013

List $316,884 List $301,557

Sold $315,236 Sold $299,944

-0.52% Variance -0.53% Variance

Sold Listings

42

36

-14.29% Change

Average $ / SF

$339

$372

9.73% Change

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

2012September

2013 2012September

2013

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

2012September

2013

listings

sold listings last month downtown seattle

2200 Westlake 910 Lenora St S-205 1,218 437 1 1.5 7 $ 550,000 $ 532,500 900 Lenora St 605 828 515 1 1 7 $ 420,000 $ 426,500 900 Lenora St W-505 831 493 1 1 7 $ 419,000 $ 410,000

Cristalla 2033 2nd Ave 703 1,408 547 2 2 8 $ 799,500 $ 770,000 2033 2nd Ave 1207 820 585 1 1 8 $ 490,000 $ 480,000

escala 1920 4th Ave 2205 1,955 677 2 2 4 $ 1,349,000 $ 1,324,000 1920 4th Ave 2005 1,955 652 2 2 4 $ 1,274,000 $ 1,274,000 1920 4th Ave 1909 910 592 1 1.5 4 $ 549,950 $ 539,000

Montreux 425 Vine St 515 476 424 1 1 14 $ 202,000 $ 202,000 425 Vine St 625 380 408 0 1 14 $ 160,000 $ 155,000 425 Vine St 526 365 397 0 1 14 $ 149,950 $ 145,000

Mosler lofts 2720 3rd Ave 501 1,278 395 1 1.75 5 $ 505,000 $ 505,000 2720 3rd Ave 415 922 407 1 1 5 $ 375,000 $ 375,000 2720 3rd Ave 514 780 455 1 1 5 $ 329,990 $ 355,000 2720 3rd Ave 613 718 452 1 1 5 $ 335,000 $ 324,750

Parc 81 clay St 224 930 338 1 1 5 $ 335,000 $ 314,000 2716 Western Ave 401 615 350 1 1 5 $ 199,000 $ 215,000

seattle heights 2600 2nd Ave 1704 1,274 510 2 2 20 $ 650,000 $ 650,000 2600 2nd Ave 406 682 462 1 1 20 $ 315,000 $ 315,000 2600 2nd Ave 204 724 401 1 1 20 $ 299,000 $ 290,000

Vine 2607 Western Ave 1201 1,222 537 2 1.75 11 $ 675,000 $ 656,000 2607 Western Ave 607 711 494 1 1 11 $ 359,000 $ 351,500 2607 Western Ave 355 820 421 1 1 11 $ 349,950 $ 345,000

other Properties 1107 1st Ave 2003 1,555 572 2 1.75 30 $ 899,000 $ 890,000 1415 2nd Ave 702 954 529 1 1.75 22 $ 535,000 $ 505,000 2125 1st Ave 801 842 570 1 1 32 $ 489,000 $ 480,000 820 blanchard St 1503 769 618 1 0.75 4 $ 449,800 $ 475,000 819 Virginia St 2710 984 473 1 1 7 $ 499,000 $ 465,000 210 3rd Ave S 2-D 1,483 310 1 1.75 109 $ 440,000 $ 459,000 1000 1st Ave 1804 877 513 1 1.5 7 $ 470,000 $ 450,000 2621 2nd Ave 1004 1,150 348 2 1.75 33 $ 399,950 $ 399,950 526 1st Ave S 225 1,480 253 2 1.5 104 $ 385,000 $ 375,000 3028 Western Ave 503 790 468 1 1 22 $ 369,000 $ 370,000 98 Union St 514 1,262 292 2 2.25 28 $ 374,900 $ 368,000 2717 Western Ave 9018 721 485 1 1 12 $ 359,950 $ 350,000 159 Denny Wy 605 788 444 1 1.5 7 $ 358,850 $ 350,000 819 Virginia St 1909 719 487 1 1 6 $ 350,000 $ 350,000 2414 1st Ave 504 880 361 2 1.75 19 $ 295,500 $ 318,000 2911 2nd Ave 716 603 460 1 1 4 $ 299,000 $ 277,253 2100 3rd Ave 1904 578 403 0 1 40 $ 245,000 $ 233,000 2721 1st Ave 104 481 422 0 1 8 $ 199,900 $ 203,093 66 bell St 61 638 313 1 1 13 $ 199,950 $ 199,950 2132 5th Ave 306 379 290 0 1 18 $ 109,950 $ 110,000

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

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listings

sold listings last month Queen anne

511 W mercer place 501 2,427 587 3 2.25 10 $ 1,495,000 $ 1,425,000 1707 Dexter Ave N c 2,360 384 3 3.25 4 $ 949,000 $ 906,000 1001 Queen Anne Ave N 504 1,250 418 2 1.75 43 $ 522,000 $ 522,000 900 Aurora Ave N 607 1,378 374 2 2 14 $ 525,000 $ 516,000 1730 taylor Ave N 406 1,069 379 2 1.75 45 $ 399,950 $ 405,000 900 Aurora Ave N S-403 1,165 330 2 2 14 $ 395,000 $ 385,000 2626 4th Ave N 202 1,134 313 2 1.75 32 $ 350,000 $ 355,000 17 W mercer St 111 855 392 1 1 11 $ 339,900 $ 335,000 1008 6th Ave N 202 880 364 2 2 14 $ 325,000 $ 320,000 1417 Queen Anne Ave N 313 726 434 1 1 17 $ 319,000 $ 315,000 626 4th Ave W 404 693 404 2 1.75 13 $ 270,000 $ 280,000 467 Newton St 302 717 389 1 1 23 $ 279,000 $ 279,000 129 Warren Ave N L 628 438 1 1 106 $ 275,000 $ 275,000 174 Florentia St 101 987 274 2 2 35 $ 289,950 $ 270,000 621 5th Ave N 407 584 445 1 1 14 $ 259,800 $ 259,800 810 taylor Ave N 224 689 348 1 1 35 $ 250,000 $ 240,000 1504 Aurora Ave N 110 630 369 1 1 22 $ 235,000 $ 232,500 3608 14th Ave W 201 660 348 1 1 46 $ 225,000 $ 230,000 802 Newton St 202 732 313 1 1 30 $ 239,900 $ 229,000 500 Aloha St 204 654 252 1 1 21 $ 165,000 $ 165,000 133 Queen Anne Ave N 202 443 364 0 1 10 $ 169,000 $ 161,200 2145 Dexter Ave N 305 723 205 1 1 28 $ 163,000 $ 148,000 3420 15th Ave W 202 627 218 1 1 53 $ 128,000 $ 136,500 919 2nd Ave W 404 558 242 1 1 53 $ 140,000 $ 135,000 515 W Olympic place 205 co-Op n/a 0 1 62 $ 100,000 $ 95,000 1306 Queen Anne Ave N 10 771 106 1 1 101 $ 81,900 $ 82,050

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

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.

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listings

sold listings last month capitol Hill / eastlake

1301 Spring St 20-I 1,892 647 2 1.75 31 $ 1,290,000 $ 1,225,000 420 16th Ave e 420 1,941 313 4 1.75 103 $ 599,000 $ 608,000 201 e boston St 3100 1,112 420 2 1.75 24 $ 450,000 $ 467,500 200 17th Ave e 406 1,000 458 2 1 84 $ 435,000 $ 458,000 2920 eastlake Ave e 309 1,427 294 2 1.75 9 $ 420,000 $ 420,000 235 13th Ave e 403 929 433 2 1.75 27 $ 399,000 $ 402,000 125 e Lynn St 101 1,025 376 1 1.75 6 $ 399,900 $ 384,900 1120 8th Ave 1104 1,060 358 2 1.75 38 $ 379,000 $ 379,000 1120 Spring St 503 1,065 337 2 2 31 $ 359,000 $ 359,000 400 melrose Ave e 103 1,090 289 2 2 46 $ 324,900 $ 315,000 1105 Spring St 607 790 392 2 1 63 $ 319,900 $ 310,000 1711 e Olive Wy 201 619 493 1 1 20 $ 309,000 $ 305,000 1414 12th Ave 413 612 498 1 1 6 $ 319,950 $ 305,000 2016 broadway Ave e c 752 383 1 1 93 $ 295,000 $ 288,000 1711 e Olive Wy 203 618 457 1 1 20 $ 289,950 $ 282,500 1101 e terrace St 302 847 313 2 1 12 $ 255,000 $ 265,000 1410 e pine St W-214 633 411 1 1 7 $ 229,000 $ 260,000 1221 minor Ave 911 614 406 1 1 53 $ 249,000 $ 249,000 1107 e Denny Wy b-4 650 371 1 1 104 $ 225,000 $ 241,000 308 Summit Ave e 206 616 390 1 1 46 $ 242,000 $ 240,000 1420 e pine St e-511 536 433 1 1 8 $ 235,000 $ 232,000 400 boylston Ave e 307 572 393 1 1 82 $ 235,000 $ 225,000 1410 e pine St W-121 513 429 1 1 8 $ 220,000 $ 220,000 232 belmont Ave e 307 565 381 1 1 19 $ 229,900 $ 215,000 321 boylston Ave e 405 510 402 0 1 88 $ 205,000 $ 205,000 408 bellevue Ave e 201 700 284 1 1 85 $ 199,000 $ 199,000 905 cherry St 404 653 302 1 1 44 $ 189,950 $ 197,000 711 e Denny Wy 303 465 419 0 1 24 $ 209,250 $ 195,000 1101 17th Ave 202 500 377 1 1 85 $ 159,700 $ 188,700 1311 12th Ave S D-101 1,140 164 2 1.75 28 $ 184,900 $ 186,500 1726 15th Ave 8 750 244 1 1 106 $ 185,000 $ 183,000 1400 Hubbell place 1003 568 308 1 1 56 $ 174,990 $ 174,990 214 Summit Ave e 408 600 280 1 1 96 $ 179,000 $ 168,000 1400 Hubbell place 815 580 276 1 1 56 $ 169,900 $ 160,000 3121 Franklin Ave e A 541 277 0 1 85 $ 149,900 $ 149,900 408 bellevue Ave e 103 522 259 1 1 85 $ 139,950 $ 135,000

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

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206.910.5000www.stroupe.com 7

featured listing

top floor unit at the vinebrIGHt cOrNer tWO beDrOOm UNIt WItH cItY VIeWS

Spacious top floor corner unit with 1 3/4 baths with views of the Space Needle. Includes 2 parking spaces! Gourmet Kitchen, stainless appliances, granite counters, eating bar, walk-in pantry. Laundry, tile floors, gas fireplace, storage, deck, and walk-in-closet. the Vine is an award winning concrete and steel building with 24/7 concierge, Gym, Guest Suite, club room and Seattle’s finest patio with stunning views. Located in vibrant belltown with restaurants, shops, the waterfront, Sculpture park, and pike place market close by.

Schedule a Showing

Address

2607 Western Avenue, #657

PriCe

$469,500

bedrooMs

2

bAThrooMs

1.75

PArking

2 spaces (secured)

YeAr bUilT

2002

size

942 SF (per King Co. Tax Records)

hod

$478/ month

TAxes

$3,415 / year (Tax Year of 2013)

bUilding feATUres

24/7 concierge, two Guest Suite, business center, conference room, club room, Fitness center, rooftop terrace.

pRopeRty details

View the Vine profile

View more photos and Details

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featured in our next edition…

Seattle HeightsAddress

2600 Second Avenue

ToTAl # of UniTs

240

YeAr bUilT

1993

AMeniTies

concierge (Full time), Indoor pool, Outdoor Hot tub-covered, Sauna, business center, conference room, club room (full Kitchen, Fitness center, patio terrace, A/c entire building

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 Seattle Heights profile