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inside this issue

Apr i l 2013 E D iTiON | SAlES STATS FOr mArch 2013

Featured BuildingBelltown court

market AnalysisSeattle area Trends & prices

Sold listings last monthDowntown Seattle, Queen Anne & capitol hill / Eastlake

Featured listingcristalla Elegance

020304

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c o n d o s c o o p

206.910.5000www.stroupe.com

View the Belltown court profile

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This 8 story (7 + townhouses) 243 unit building is home to many ideal amenities one would never want to leave. The 3rd floor of the building wraps around a beautiful serene courtyard with walking paths, water features, and lush, mature foliage. The west building boasts indoor pool, hot tub and sauna. The east building is home to the community clubroom with full kitchen plus a fireplace, and a state of the art fitness center. Both buildings have rooftop decks. Secure lobby entries are located on both 1st Avenue and 2nd Avenue and there is secure parking and storage as well.

featured building

belltown courtFOOD, muSic, ArT, liFE

Address

2414 1st Avenue 2415 2nd Avenue

neighborhood

Belltown

ToTAl # of UniTs

243 (not including commercial)

YeAr bUilT

1994 (converted in 1996)

ToTAl sTories

7 + Townhouses (two buildings)

lisTing hisTorY, PAsT 12 MonThs

(From 4/1/12 to 3/31/13)

Total # of Units listed: 17 (units that were relisted after coming off the market are counted as one)

Total # of Unit sales: 11 (plus zero sold subject to inspection, three pending sales)

Currently Active on Market: 1 (as of 4/5/13)

sAles hisTorY, PAsT 12 MonThs

Average-Unit orig. list Price: $217,440

Average-Unit sale Price: $213,173

list / sold Price ratio: 98.0%

Average Market Time: 35 days

AMeniTies

indoor pool, indoor hot Tub, Sauna, club room w/full Kitchen, Fitness center, On-site manager, rooftop terrace (2).

Building Facts & stats

View the Belltown court 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; large fluctuations in the average price of listings may be due to a few exceptionally priced sales affecting the overall average.

* This month’s average price was influenced by a few high priced sales in the Escala

$800K

$700K

$600K

$500K

$400K

$300K

$200K

downtown seattle$850,177 (4.4 %)*

Queen anne$342,271 (1.0%)

capitol Hill / eastlake$312,531 (0.3%)

Average Prices2012 2013

List $725,631 List $889,765

Sold $664,736 Sold $850,177

0.08% Variance 4.4% Variance

Sold Listings

35

44

25.7% Change

Average $ / SF

$570

$579

+1.6% Change

Average Prices2012 2013

List $303,706 List $345,818

Sold $302,734 Sold $342,271

0.003% Variance 1.0% Variance

Sold Listings

19

28

32.1% Change

Average $ / SF

$309

$319

+3.24% Change

Average Prices2012 2013

List $320,980 List $313,591

Sold $299,324 Sold $312,531

6.75% Variance 0.3% Variance

Sold Listings

32

49

34.69% Change

Average $ / SF

$321

$361

+12.46% Change

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

2012march

2013 2012march

2013 2012march

2013

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

listings

sold listings last month

downtown seattle

15211521 2nd Ave 3102 1734 865 2 1.75 5 $ 1,690,000 $ 1,500,000 1521 2nd Ave 2702 1729 810 2 1.75 5 $ 1,565,000 $ 1,400,000 escala 1920 4th Ave** ph-201 5170 1,199 0 0 4 $ 6,999,000 $ 6,200,000 1920 4th Ave 2704 2442 747 3 2.5 4 $ 1,824,000 $ 1,824,000 1920 4th Ave 2802 1878 812 2 2.5 4 $ 1,524,000 $ 1,524,000 1920 4th Ave 2301 1955 669 2 2 4 $ 1,349,000 $ 1,308,530 1920 4th Ave 2001 1955 647 2 2 4 $ 1,324,000 $ 1,265,000 1920 4th Ave 1908 1607 554 2 2 4 $ 899,000 $ 890,000 1920 4th Ave 802 1607 513 2 2 4 $ 829,000 $ 825,000 1920 4th Ave 702 1607 503 2 2 4 $ 809,000 $ 809,000 1920 4th Ave 408 1607 423 2 2 4 $ 679,000 $ 679,000 grandview 2201 3rd Ave 2401 988 507 2 1.5 34 $ 499,000 $ 501,000 2201 3rd Ave 1204 988 445 2 1.75 34 $ 439,900 $ 439,900 olive 8 737 Olive Wy 3202 1586 678 2 2 4 $ 1,095,000 $ 1,075,000 737 Olive Wy 3705 1350 693 2 2 4 $ 950,000 $ 935,000 737 Olive Wy 3605 1350 685 2 2 4 $ 925,000 $ 925,000 737 Olive Wy 1802 1586 530 2 2 4 $ 885,000 $ 841,000 737 Olive Wy 3506 808 668 1 1 4 $ 550,000 $ 540,000 737 Olive Wy 3604 680 757 1 1 4 $ 525,000 $ 515,000 737 Olive Wy 3504 678 745 1 1 4 $ 515,000 $ 505,000 737 Olive Wy 3404 680 728 1 1 4 $ 505,000 $ 495,000 737 Olive Wy 2106 808 588 1 1 4 $ 475,000 $ 475,000 Parc 76 cedar St 1209 1084 351 2 2 5 $ 396,000 $ 380,000 81 clay St 627 998 285 2 1.5 5 $ 289,900 $ 284,900 seattle heights 2600 2nd Ave 2103 1330 489 2 2 20 $ 650,000 $ 650,000 2600 2nd Ave 909 729 391 1 1 20 $ 285,000 $ 285,000 Vine 2607 Western Ave 1103 1354 400 2 2 11 $ 541,000 $ 541,000 2607 Western Ave 555 1026 419 2 1.75 11 $ 459,950 $ 430,000 2607 Western Ave 207 714 389 1 1 11 $ 275,500 $ 278,000 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

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

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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.

520 Galer St 300 3180 338 3 2.25 23 $ 1,175,000 $ 1,075,000 22 W lee St 501 1752 413 2 2.5 6 $ 719,000 $ 724,000 1901 Taylor Ave N 4 1648 404 3 1.75 14 $ 675,000 $ 665,000 17 W mercer St 221 1475 278 2 1.75 11 $ 414,900 $ 410,000 1250 Taylor Ave N 203 1237 323 2 2 35 $ 399,900 $ 399,000 500 W roy St W-207 1071 354 2 2 31 $ 389,000 $ 379,000 1400 Taylor Ave N 302 1030 345 2 2 29 $ 355,000 $ 355,000 1740 Aurora Ave N A-101 1332 263 2 2 28 $ 365,000 $ 350,000 1768 Aurora Ave N 203 1326 263 2 2 28 $ 339,000 $ 349,000 522 W mercer place 304 1015 332 2 2 26 $ 336,950 $ 336,950 1308 6th Ave N 102 944 344 2 2 14 $ 329,950 $ 325,000 2030 13th Ave W 201 1377 232 2 1.75 35 $ 329,000 $ 320,000 1417 Queen Anne Ave N 302 955 331 1 1.5 17 $ 330,000 $ 316,500 919 2nd Ave W 601 900 350 2 1 53 $ 325,000 $ 315,000 201 Galer St 271 686 459 1 1 105 $ 235,000 $ 315,000 15 prospect St B-202 752 412 2 1 23 $ 310,000 $ 310,000 655 crockett St B-308 964 322 1 1.75 8 $ 314,950 $ 310,000 1110 W howe St 301 1265 225 2 1.75 24 $ 299,000 $ 285,000 2221 Gilman Dr W 105 1231 227 2 2 36 $ 287,500 $ 280,000 519 W roy St 317 790 330 1 1 83 $ 255,000 $ 261,000 519 W roy St 108 711 332 1 1 83 $ 249,900 $ 236,000 321614th Ave W 202 771 298 2 1.5 23 $ 235,000 $ 230,000 330 W Olympic place 107 648 347 1 1 56 $ 225,000 $ 225,000 524 6th Ave W 309 680 323 2 1 16 $ 179,000 $ 219,950 500 Elliott Ave 308 624 300 1 1 13 $ 191,400 $ 187,500 2450 Dexter Ave N 202 628 279 1 1 66 $ 179,500 $ 175,000 901 5th Ave N 111 590 237 1 1 48 $ 139,950 $ 140,000 7 harrison St 19 482 192 1 1 105 $ 99,000 $ 92,500

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

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listings

sold listings last month

capitol Hill / eastlake

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

1301 Spring St 20-G 1555 546.62 2 1.75 31 $ 875,000 $ 850,000 1958 harvard Ave E 306 2087 333.01 2 2.5 23 $ 695,000 $ 695,000 615 E pike St 302 1564 367.65 1 1.5 14 $ 595,000 $ 575,000 232 Belmont Ave E 506 1136 444.54 2 1.75 19 $ 475,000 $ 505,000 2914 E madison St 205 1029 483.97 1 1.5 5 $ 500,000 $ 498,000 1101 Seneca St 1803 1388 355.91 2 2 32 $ 500,000 $ 494,000 1413 15th Ave 9 1025 397.56 2 2 13 $ 435,000 $ 407,500 1202 lakeview Blvd E 1 1108 360.38 2 2 23 $ 399,000 $ 399,300 1420 Terry Ave 408 1101 354.22 2 1.75 11 $ 399,000 $ 390,000 1610 Belmont Ave 301 890 426.85 2 2 12 $ 379,000 $ 379,900 1740 melrose Ave 706 1205 312.86 2 1.75 50 $ 375,000 $ 377,000 1111 10th Ave E 20 993 367.57 2 1.75 27 $ 380,000 $ 365,000 1125 E Olive St 103 869 414.21 2 2 6 $ 359,950 $ 359,950 505 Belmont Ave E 603 713 497.48 1 1 51 $ 350,000 $ 354,700 1550 Eastlake Ave E 203 1114 305.11 2 2 16 $ 344,000 $ 339,888 827 hiawatha place S 514 1206 278.61 3 2 3 $ 350,900 $ 336,000 827 hiawatha place S 606 1056 304.83 2 2 3 $ 329,900 $ 321,900 322 Belmont Ave E 302 776 412.37 1 1 20 $ 289,000 $ 320,000 705 E republican St 201 796 401.95 2 1 50 $ 319,950 $ 319,950 827 hiawatha place S 308 1206 265.26 3 2 3 $ 319,900 $ 319,900 1700 Bellevue Ave 302 722 432.13 1 1 25 $ 287,900 $ 312,000 1420 Terry Ave 705 751 412.78 1 1 11 $ 319,950 $ 310,000 1408 12th Ave 309 679 456.55 1 1 6 $ 299,000 $ 310,000 303 E pike St 513 733 409.28 1 1 15 $ 300,000 $ 300,000 325 harvard Ave E 205 869 332.57 2 1 85 $ 284,000 $ 289,000 516 E Thomas St 301 690 405.80 1 1 96 $ 275,000 $ 280,000 3217 Eastlake Ave E 304 771 360.70 1 1 9 $ 270,000 $ 278,100 1414 E harrison St K 900 305.56 1 1 106 $ 242,500 $ 275,000 521 Summit Ave E 301 785 350.32 1 1 29 $ 245,000 $ 275,000 827 hiawatha place S 601 858 296.04 2 1 3 $ 254,900 $ 254,000 705 E republican St 508 632 397.15 1 1 50 $ 249,950 $ 251,000 827 hiawatha place S 404 867 288.24 2 1.75 3 $ 249,900 $ 249,900 827 hiawatha place S 501 858 291.26 2 1 3 $ 249,900 $ 249,900 1410 E pine St W-206 722 342.11 1 1 8 $ 259,900 $ 247,000 1120 17th Ave B 685 350.36 1 1 85 $ 259,900 $ 240,000 827 hiawatha place S 510 858 279.60 2 1 3 $ 239,900 $ 239,900 1601 E columbia St 204 893 251.96 2 1 32 $ 224,900 $ 225,000 711 E Denny Wy 107 663 336.35 1 1.5 24 $ 261,000 $ 223,000 1631 16th Ave 305 632 344.15 1 1 84 $ 222,500 $ 217,500 1631 16th Ave 315 641 335.41 1 1 84 $ 215,000 $ 215,000 530 melrose Ave E 204 589 354.84 1 1 22 $ 209,000 $ 209,000 626 13th Ave E J co-Op n/a 1 1 103 $ 199,950 $ 199,950 752 Bellevue Ave E 101 448 399.55 1 1 57 $ 179,000 $ 179,000 233 14th Ave E 406 420 408.33 0 1 85 $ 172,000 $ 171,500 1400 hubbell place 1403 568 281.69 1 1 56 $ 160,000 $ 160,000 1400 hubbell place 904 492 315.04 1 1 56 $ 158,000 $ 155,000 711 Belmont place E 205 517 276.60 0 1 85 $ 150,000 $ 143,000 411 Boylston Ave E 207 496 282.26 1 1 83 $ 145,000 $ 140,000 1400 hubbell place 1305 301 356.50 0 1 56 $ 111,305 $ 107,305

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

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move into the current

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featured listing

cristalla eleganceBriGhT AND BEAuTiFul TWO BEDrOOm uNiT iN ThE AWArD-WiNNiNG criSTAllA

Gorgeous bright NE corner two bedroom unit in Seattle’s exceptional cristalla condominiums. premium finishes with rich materials and inviting spaces - gourmet Kitchen with stainless steel appliances, gas cooking and rich slab granite, luxurious mast Bath. Building features all the best amenities. Just blocks from pikes market, Belltown, and the downtown retail core. live the city lifestyle at its finest. First class amenities with fitness center, hot tub, sauna, steam room, club room, theatre, flex room, roof top deck, dog run, and 24/7 concierge service.

Schedule a Showing

Address

2033 2nd Avenue, #703

PriCe

$845,000

bedrooMs

2

bAThrooMs

2

PArking

1 space (secured)

YeAr bUilT

2005

size

606 SF (per King Co. Tax Records)

hod

$746/ month

TAxes

$5,570 / year (Tax Year of 2012)

bUilding feATUres

24/7 concierge, indoor hot Tub, Sauna, Steam room, One Guest Suite, Business center, confer-ence room, club room, movie room, Wine Storage (privately owned), Fitness center, Yoga / Flex room, Outdoor dog area, rooftop terrace.

pRopeRty details

View the cristalla profile

View more photos and Details

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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…

the concordAddress

2929 1st Avenue

ToTAl # of UniTs

206 (including commercial)

YeAr bUilT

1999

AMeniTies

24/7 concierge, indoor hot Tub, Sauna, One Guest Suite, Business center, conference room, club room w/full Kitchen, Fitness center, 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 concord Building profile