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SE PTE M B E R 2014 E D ITION | SALES STATS FOR AUG UST 2014

Featured BuildingCanal Station

Market AnalysisSeattle area Trends & Prices

Sold Listings Last MonthDowntown Seattle, Queen Anne & Capitol Hill / Eastlake

Featured ListingIncredible space, tremendous views

020304

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C O N D O S C O O P

206.910.5000www.stroupe.com

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Canal station is a contemporary mixed-use condominium development, located in the heart of the historic Ballard district. Built in 2007, the building’s exterior boasts warm details that conjure the classic feel of small-town living while remaining thoroughly urban and up-to-date. The six story triangular building is classically styled with a smoothly rounder glass prow pointing towards the water, a subtle nod to Ballard’s rich maritime history. Floor plans include junior one-bedroom, one-bedroom, one-bedroom plus den, two-bedroom, and two-bedroom plus den units. All homes include a fireplace, cherry or maple kitchen cabinetry, and a spacious balcony in most of the units. Canal Station was developed by Continental Properties, the same developer credited for building Canal Station North and Ballard Place. The addition of these condominium properties has helped revitalize Ballard into a more eclectic and trend setting community.

featured building

canal stationCONTEMPORARY LIVING IN HISTORIC BALLARD.

ADDRESS

5440 Leary Avenue NW

NEIGHBORHOOD

Ballard

TOTAL # OF UNITS

163 (including commercial)

YEAR BUILT

2007

TOTAL STORIES

6

LISTING HISTORY, PAST 12 MONTHS

(From 9/1/13 to 8/31/14 )

Total # of Units Listed: 18 (units that were relisted after coming off the market are counted as one)

Total # of Unit Sales: 15 (plus zero sold subject to inspection, zero pending sales)

Currently Active on Market: 1 (as of 9/5/14)

SALES HISTORY, PAST 12 MONTHS

Average-Unit Orig. List Price: $328,187

Average-Unit Sale Price: $323,087

List / Sold Price Ratio: 98.45%

Average-Sold Price per sq/ft: $401.41

Average Market Time: 38 days

AMENITIES

Concierge (Part Time), Hot tub (Outdoor), Sauna, Business Center, Conference Room, Club Room, Fitness Center, Terrace (Patio), A/C (Common Spaces Only), Secured Parking (Assigned)

BUILDING FACTS & STATS

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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 $623,065 List $540,921

Sold $606,378 Sold $523,671

-2.68% Variance -3.19% Variance

Sold Listings

48

39

-18.8% Change

Average $ / SF

$506

$574

13.4% Change

Average Prices2013 2014

List $337,097 List $372,925

Sold $332,314 Sold $367,523

-1.42% Variance -1.45% Variance

Sold Listings

36

28

-22.22% Change

Average $ / SF

$361

$415

14.96% Change

Average Prices2013 2014

List $314,600 List $335,234

Sold $313,214 Sold $333,246

-0.44% Variance -0.59% Variance

Sold Listings

62

52

-16.13% Change

Average $ / SF

$360

$400

11.11% Change2013August

2014 2013August

20142013August

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

A S O N D J F M A M J J A2013 2014

AVERAGE SOLD PRICES FOR THE PAST 12 MONTHS, AUGUST 2013 – JULY 2014

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listings

sold listings last month DOWNTOWN SEATTLE

1521 1521 2nd Ave 1603 1644 1,095 2 1.75 6 $ 1,880,000 $ 1,800,000 1521 2nd Ave 804 1723 926 2 1.75 6 $ 1,595,000 $ 1,595,000 1521 2nd Ave 803 1644 821 2 1.75 6 $ 1,500,000 $ 1,350,000

5th And Madison 909 5th Ave 2204 1208 542 1 1.5 7 $ 699,000 $ 655,000 909 5th Ave 303 979 439 1 1.5 7 $ 450,000 $ 430,000

Cristalla 2033 2nd Ave 1509 1572 668 2 2 9 $ 1,050,000 $ 1,050,000 2033 2nd Ave 1504 1132 530 2 1.75 9 $ 599,500 $ 599,500 2033 2nd Ave 1706 811 617 1 1.5 9 $ 505,000 $ 500,000

Ellington 2801 1st Ave 613 608 514 1 1 14 $ 319,950 $ 312,500 2801 1st Ave 312 608 500 1 1 14 $ 312,000 $ 304,000

Escala 1920 4th Ave 2605 1878 586 2 2.5 4 $ 1,199,000 $ 1,100,000 1920 4th Ave 2408 1133 631 1 1 4 $ 729,000 $ 715,000

Gallery 2911 2nd Ave 810 603 521 1 1 5 $ 324,000 $ 314,000 2911 2nd Ave 512 603 514 1 1 5 $ 325,000 $ 310,000

Merselle 699 John St 106 837 400 1 1.5 5 $ 310,000 $ 335,000 699 John St 211 836 358 1 1.5 5 $ 299,000 $ 299,000

Mosler Lofts 2720 3rd Ave 902 1196 523 2 1.75 6 $ 649,900 $ 625,000 2720 3rd Ave 700 766 522 1 1 6 $ 419,000 $ 400,000 2720 3rd Ave 400 800 469 1 1 6 $ 380,000 $ 375,000

Olive 8 737 Olive Wy 3003 823 699 1 1.5 5 $ 575,000 $ 575,000 737 Olive Wy 2203 823 668 1 1.5 5 $ 575,000 $ 550,000 737 Olive Wy 2810 650 662 1 1 5 $ 450,000 $ 430,000

Royal Crest 2100 3rd Ave 1905 1323 287 2 1.75 41 $ 399,900 $ 379,900 2100 3rd Ave 704 578 398 0 1 41 $ 239,000 $ 230,000

Tobira 108 5th Ave S 715 570 463 1 1 13 $ 269,500 108 5th Ave S 704 585 402 1 1 13 $ 240,000 108 5th Ave S 314 441 383 0 1 13 $ 174,900

Other Properties 2821 2nd Ave 1503 1235 567 2 1.75 32 $ 750,000 $ 700,000 819 Virginia St 2204 1186 527 2 2 7 $ 649,000 $ 625,000 2929 1st Ave S-617 864 503 1 1 14 $ 440,000 $ 435,000 2414 1st Ave 317 916 456 2 2 20 $ 428,000 $ 418,000 2030 Western Ave 701 657 592 1 1 25 $ 389,000 $ 389,000 2201 3rd Ave 1401 988 388 2 1.5 35 $ 418,000 $ 383,750 900 Lenora St W-903 732 499 1 1 8 $ 365,000 $ 365,000 2717 Western Ave 7014 720 447 1 1 13 $ 339,500 $ 321,500 2716 Elliott Ave 803 516 523 1 1 11 $ 280,000 $ 270,000 2324 1st Ave 511 461 486 0 1 106 $ 229,888 $ 224,000 2721 1st Ave 103 437 503 0 1 9 $ 220,000 $ 220,000 2440 Western Ave 802 514 331 1 1 16 $ 118,888 $ 170,000

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

1900 Taylor Ave N G 1614 480 2 2.5 32 $ 825,000 $ 775,000 7 Highland Dr 704 1106 669 2 1.75 46 $ 750,000 $ 740,000 17 W Mercer St 309 1473 445 2 2 12 $ 679,000 $ 655,000 7 Highland Dr 403 1106 588 2 1.75 46 $ 649,900 $ 649,900 2152 7th AveW D 1375 415 1 1.5 9 $ 599,000 $ 570,000 410 W Roy St E-405 1130 406 2 2 32 $ 459,000 $ 459,000 2101 Nob Hill Ave N 3-B 926 437 2 1 32 $ 399,950 $ 405,000 1250 Taylor Ave N 402 1235 321 2 1.75 36 $ 399,000 $ 397,050 500 W Roy St W-106 1071 365 2 2 32 $ 399,950 $ 391,000 200 W Comstock St 204 704 524 1 1 9 $ 364,950 $ 369,000 555 Prospect St 6 1006 361 2 1.75 35 $ 370,000 $ 363,000 102 Galer St 201 767 469 1 1 87 $ 350,000 $ 360,000 117 John St 4 863 417 2 1 107 $ 350,000 $ 360,000 1808 Bigelow Ave N B-202 816 435 1 1 89 $ 355,000 $ 355,000 621 5th Ave N 202 828 392 2 2 15 $ 349,500 $ 324,500 720 Queen Anne Ave N 501 684 468 1 1 17 $ 319,950 $ 319,950 924 W Emerson St 936-C 1175 260 2 1.75 39 $ 305,000 $ 305,000 1504 Aurora Ave N 405 819 348 2 1.5 23 $ 285,000 $ 285,000 810 Taylor Ave N 121 720 375 1 1 36 $ 269,950 $ 269,950 812 5th Ave N 103 592 448 1 1 12 $ 265,000 $ 265,000 3044 14th Ave W B-103 662 400 1 1 24 $ 265,000 $ 265,000 520 2nd Ave W 409 590 437 1 1 22 $ 269,000 $ 258,000 812 5th Ave N 401 542 415 0 1 12 $ 224,900 $ 224,900 202 14th Ave N 11 750 276 1 1 105 $ 214,950 $ 207,000 1300 W Boston 33 653 306 1 1 22 $ 192,950 $ 200,000 123 Queen Anne Ave N A-303 458 415 0 1 14 $ 195,000 $ 190,000 1623 Taylor Ave N 104 650 257 1 1 88 $ 169,950 $ 167,000 519 W Roy St 205 492 326 0 1 84 $ 165,000 $ 160,400

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 28-J 2095 891 3 2.75 32 $ 1,988,000 $ 1,867,400 1812 19th Ave 307 887 530 1 1.75 10 $ 435,000 $ 470,000 1017 Minor Ave 1003 1187 362 2 1 84 $ 435,000 $ 430,000 1610 Belmont Ave 401 900 476 2 2 13 $ 399,500 $ 428,000 2012 Eastlake Ave E 306 1163 365 2 2.5 28 $ 449,950 $ 425,000 1101 Seneca St 404 964 439 2 1 33 $ 389,000 $ 423,000 1800 Boylston Ave 404 983 416 2 1 29 $ 409,000 $ 409,000 1100 E Harrison St 304 997 407 2 2 27 $ 399,000 $ 406,000 420 Melrose Ave E 602 1052 380 2 1.75 22 $ 399,000 $ 400,200 215 14th Ave E 203 1020 385 2 1.75 32 $ 379,800 $ 393,000 923 15th Ave 7 1050 365 2 1.75 30 $ 400,000 $ 383,500 124 Bellevue Ave E 403 747 507 1 1 8 $ 350,000 $ 379,000 2328 10th Ave E 306 1010 371 2 0.75 86 $ 389,000 $ 375,000 2328 10th Ave E 101 1010 371 2 1 86 $ 374,500 $ 374,500 103 Bellevue Ave E 307 725 511 2 1 10 $ 359,000 $ 370,433 412 11th Ave 301 988 374 2 2 12 $ 365,000 $ 370,000 1420 Terry Ave 704 749 491 1 1 12 $ 350,000 $ 367,500 1420 Terry Ave 1506 616 580 1 1 12 $ 357,000 $ 357,000 1221 Minor Ave 109 930 384 2 1.75 54 $ 365,000 $ 357,000 1420 Terry Ave 505 793 449 1 1 12 $ 355,000 $ 356,000 2017 Eastlake Ave E 202 1017 334 2 2 22 $ 345,000 $ 340,000 827 Hiawatha Place S 314 1206 282 3 2 4 $ 332,900 $ 339,900 827 Hiawatha Place S 408 1206 269 3 2 5 $ 332,900 $ 325,000 721 Boylston Ave E 208 834 384 1 1 84 $ 320,000 $ 320,000 1310 E Remington Ct 2 1080 293 2 1.75 12 $ 308,000 $ 316,178 2960 Eastlake Ave E 111 801 387 1 1 6 $ 315,000 $ 310,000 1926 Fairview Ave E 110 935 328 1 1 24 $ 309,000 $ 307,000 2001 E Yesler Wy 38 1388 212 2 1.5 34 $ 299,000 $ 294,000 400 Melrose Ave E 403 818 349 1 1 47 $ 288,000 $ 285,500 412 11th Ave 508 764 373 1 1 12 $ 289,500 $ 285,000 231 Belmont Ave E 401 651 422 1 1 25 $ 279,900 $ 275,000 2717 Franklin Ave E 302 732 376 1 1 84 $ 275,000 $ 275,000 412 11th Ave 512 764 357 1 1 12 $ 278,000 $ 273,000 1400 Hubbell Place 801 803 324 2 1 57 $ 260,000 $ 260,000 214 Summit Ave E 101 775 329 2 1 97 $ 255,000 $ 255,000 827 Hiawatha Place S 516 771 326 2 1 4 $ 252,900 $ 251,000 2905 Franklin Ave E B 754 329 1 1 105 $ 249,000 $ 247,750 2350 10th Ave E 212 588 417 1 1 29 $ 249,950 $ 245,000 1221 Minor Ave 201 612 394 1 1 54 $ 239,500 $ 241,150 2012 Eastlake Ave E 106 607 395 1 1 28 $ 239,476 $ 239,476 1414 12th Ave 517 484 486 0 1 6 $ 235,000 $ 235,000 526 17th Ave E 8 548 411 1 1 59 $ 239,000 $ 225,000 2111 E John St 201 562 391 1 1 45 $ 214,950 $ 220,000 1819 17th Ave 3 623 348 1 1 29 $ 219,500 $ 216,500 1323 Boren Ave 507 439 456 1 1 13 $ 210,000 $ 200,000 2228 Yale Ave E 23 408 465 1 1 27 $ 189,900 $ 189,900 1136 13th Ave 108 600 315 1 1 90 $ 188,700 $ 188,700 323 16th Ave E 103 473 393 0 1 85 $ 189,900 $ 185,766 321 10th Ave S 715 770 237 1 1 14 $ 200,000 $ 182,500 1501 Spring St 4 438 411 0 1 32 $ 184,500 $ 180,000 1726 15th Ave 12 541 285 1 1 107 $ 154,950 $ 153,950 214 Summit Ave E 406 473 264 0 0.75 97 $ 140,000 $ 125,000

ADDRESS UNIT SF $ / SF BED BATH AGE LIST PRICE SOLD PRICE

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featured listing

incredible space, tremendous viewsBIG, BRIGHT AND BEAUTIFUL TWO BEDROOM UNIT WITH SOUND AND CITY VIEWS

Perched high in the Seattle sky is this stunning 1835 sq/ft condo featuring Sound, mountain & city views from every room. With its flowing floor plan, vast private deck & enclosed sun-room, every room in this home is filled with natural light. Includes gourmet Kitchen w/granite counter tops, custom entertainment center & shelves, hardwood floors, laundry room w/plenty of storage, master bathroom with dbl vanities & soaking tub. Harbour Heights boasts pool, hot tub, sauna, secure lobby & parking.

Schedule a Showing

ADDRESS

2621 2nd Avenue, #1505

PRICE

$750,000

BEDROOMS

2

BATHROOMS

2

PARKING

1 space (Secured)

YEAR BUILT

1980

SIZE

1,835 SF (per King Co. Tax Records)

HOD

$1,346/month

TAXES

$6,699/year (Tax Year of 2014)

BUILDING FEATURES

Pool (Outdoor), Hot tub (Outdoor – Covered), Sauna, Club Room, Fitness Center, Terrace (Rooftop + Patio), A/C (Common Spaces + Some Units), Secured Parking (Assigned)

PROPERTY DETAILS

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View more Photos and Details

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featured in our next edition…

AvenueOneFORWARD LIVING. URBAN STYLE

ADDRESS

2721 1st Avenue

TOTAL # OF UNITS

116 (entire complex)

YEAR BUILT

2005

AMENITIES

Concierge (Full Time), Guest Suite (One), Club Room (Full Kitchen), Fitness Center, Terrace (Rooftop + Courtyard), A/C (Common Spaces + Some Units), 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.

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