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inside this issue

J U N E 2014 E D ITION | SALES STATS FOR MAY 2014

Featured BuildingThe Pomeroy

Market AnalysisSeattle area Trends & Prices

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

Featured ListingExquisite Building, Elegant Condominium Home

020304

07

C O N D O S C O O P

206.910.5000www.stroupe.com

View The Pomeroy Profile

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If you appreciate sophisticated taste in an intimate setting, look no further than Pomeroy. With the charm of a European hotel, Pomeroy has only 52 residential suites. This contemporary, state of the art building is located in Seattle’s vibrant Belltown neighborhood with some of Seattle’s best restaurants and shops. A warm welcoming lobby features the privacy of controlled entry. The spacious units offer high ceiling, stainless steel appliances, and spectacular city and Elliott Bay views. Entertain on the rooftop garden terrace with 360 degree views.

featured building

the pomeroyA GEM IN THE HEART OF THE CITY

ADDRESS

2319 1st Avenue

NEIGHBORHOOD

Belltown

TOTAL # OF UNITS

52 (entire complex)

YEAR BUILT

2000

TOTAL STORIES

8 (plus rooftop terrace) LISTING HISTORY, PAST 12 MONTHS

(From 6/1/13 to 5/31/14)

Total # of Units Listed: 5 (units that were relisted after coming off the market are counted as one)

Total # of Unit Sales: 5 (plus zero sold subject to inspection, zero pending sales)

Currently Active on Market: 0 (as of 6/5/14)

SALES HISTORY, PAST 12 MONTHS

Average-Unit Orig. List Price: $564,400

Average-Unit Sale Price: $551,000

List / Sold Price Ratio: 97.6%

Average-Sold Price per sq/ft: $498.28

Average Market Time: 31 days

AMENITIES

Terrace (Rooftop), A/C (Common Spaces + Some Units), Secured Parking (Assigned)

BUILDING FACTS & STATS

View The Pomeroy Profile

move into the current

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 $490,595 List $546,482

Sold $481,272 Sold $529,088

-1.90% Variance -3.18% Variance

Sold Listings

41

56

36.6% Change

Average $ / SF

$515

$538

4.5% Change

Average Prices2013 2014

List $370,348 List $364,198

Sold $367,159 Sold $366,391

-0.86% Variance 0.60% Variance

Sold Listings

38

35

-7.89% Change

Average $ / SF

$340

$402

18.24% Change

Average Prices2013 2014

List $283,471 List $347,083

Sold $284,849 Sold $347,639

0.49% Variance 0.16% Variance

Sold Listings

59

50

-15.25% Change

Average $ / SF

$358

$416

16.20% Change2013May

2014 2013May

20142013May

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

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

listings

sold listings last month DOWNTOWN SEATTLE

Belltown Court 2415 2nd Ave 741 803 342 2 1.5 20 $ 325,000 $ 275,000 2415 2nd Ave 436 549 469 1 1 20 $ 250,000 $ 257,500 Concord 2929 1st Ave 806 625 542 1 1 14 $ 339,000 $ 339,000 2929 1st Ave 414 754 528 1 1 14 $ 398,000 $ 398,000 Cosmopolitan 819 Virginia St 1004 1,186 502 2 2 7 $ 595,000 $ 595,000 819 Virginia St 1707 800 494 1 1 7 $ 395,000 $ 395,000 819 Virginia St 2502 1,316 543 2 2 7 $ 750,000 $ 715,000 Enso 820 Blanchard St 1209 980 517 1 1.5 5 $ 509,000 $ 507,000 820 Blanchard St 1408 790 551 1 0.75 5 $ 445,000 $ 435,000 820 Blanchard St 608 589 560 1 0.75 5 $ 329,900 $ 329,900 Mosler Lofts 2720 3rd Ave 711 1,144 511 1 1.75 6 $ 555,000 $ 585,000 2720 3rd Ave 515 643 599 1 1 6 $ 362,000 $ 385,000 2720 3rd Ave 407 664 467 1 1 6 $ 329,950 $ 310,000 2720 3rd Ave 316 991 463 1 1 6 $ 469,900 $ 459,000 Olive 8 737 Olive Wy 2908 1,092 595 1 1.5 5 $ 669,000 $ 650,000 737 Olive Wy 2510 650 750 1 1 5 $ 495,000 $ 487,500 Parc 76 Cedar St PH-06 725 443 1 1 6 $ 320,950 $ 320,950 81 Clay St 721 1,064 565 2 2 6 $ 590,000 $ 601,250 Pomeroy 2319 1st Ave 405 1,577 490 2 2 14 $ 775,000 $ 772,000 2319 1st Ave 507 1,324 520 2 2 14 $ 689,000 $ 689,000 Mosler Lofts 2720 3rd Ave PH-1 2398 834 2 3.25 6 $ 2,200,000 $ 1,999,500 2720 3rd Ave PH-6 1529 847 2 1.75 6 $ 1,295,000 $ 1,295,000 2720 3rd Ave 604 1112 486 1 1.5 6 $ 549,000 $ 540,000 2720 3rd Ave 806 690 486 1 1 6 $ 335,000 $ 335,000 2720 3rd Ave 502 581 516 1 1 6 $ 300,000 $ 300,000 Royal Crest 2100 3rd Ave 2302 1,323 402 2 1.75 41 $ 599,000 $ 532,000 2100 3rd Ave 802 1,323 291 2 1.75 41 $ 385,000 $ 385,000 Seattle Heights 2600 2nd Ave 514 980 457 2 2.5 21 $ 459,950 $ 448,000 2600 2nd Ave 706 685 539 1 1 21 $ 369,000 $ 369,000 2600 2nd Ave 1508 637 549 1 1 21 $ 350,000 $ 350,000 2600 2nd Ave 910 637 506 1 1 21 $ 315,000 $ 322,500 2600 2nd Ave 1703 907 620 2 2 21 $ 550,000 $ 562,500 Site 17 2440 Western Ave 606 642 404 1 1 16 $ 259,500 $ 259,500 2504 Western Ave 625 630 405 1 1 16 $ 249,950 $ 254,950 2440 Western Ave 505 655 382 1 1 16 $ 249,950 $ 249,950 Trio 3104 Western Ave 303 1,167 431 2 2 6 $ 515,000 $ 503,000 3104 Western Ave 607 864 469 1 1 6 $ 424,000 $ 405,000 Waterfront Landing 1900 Alaskan Wy 314 1,155 442 2 1.75 17 $ 559,000 $ 510,000 2000 Alaskan Wy 453 924 430 1 1 17 $ 435,000 $ 397,500

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

Other Properties 99 Union St 1206 1,992 1,305 2 2.5 6 $ 2,888,000 $ 2,600,000 1521 2nd Ave 1201 1,968 813 2 1.75 6 $ 1,800,000 $ 1,600,000 715 2nd Ave 1704 2,304 662 2 2.5 14 $ 1,595,000 $ 1,525,000 1009 Western Ave 1102 1,345 747 1 1.5 31 $ 1,095,000 $ 1,005,000 2721 1st Ave 1101 1,235 628 2 2 10 $ 785,000 $ 775,000 2201 3rd Ave 2301 988 688 2 1.75 35 $ 699,000 $ 680,000 2021 1st Ave G-4 1,265 514 2 2 32 $ 700,000 $ 650,000 1500 4th Ave 904 1,666 372 2 2 104 $ 650,000 $ 620,000 2000 1st Ave 1103 976 599 1 1.75 20 $ 585,000 $ 585,000 97S Jackson St 405 1,393 387 1 1.5 109 $ 549,500 $ 539,000 1415 2nd Ave 2007 981 535 2 1.75 23 $ 494,000 $ 525,000 2621 2nd Ave 1104 1,150 391 2 1.75 34 $ 450,000 $ 450,000 2015 Terry Ave 415 1,067 421 1 1.75 10 $ 444,500 $ 449,236 2033 2nd Ave 2005 599 666 1 1 9 $ 399,000 $ 399,000 2607 Western Ave 156 1,022 367 1 1.5 12 $ 385,000 $ 375,000 699 John St 311 846 426 1 1.5 5 $ 359,950 $ 360,450 81 Vine St 208 669 471 1 0.75 100 $ 325,000 $ 315,000 900 Lenora St W-502 513 546 0 1 8 $ 279,500 $ 280,000 2700 4th Ave 601 692 368 1 1 103 $ 255,000 $ 255,000 3028 Western Ave 313 590 393 1 1 23 $ 205,000 $ 232,000 66 Bell St 46 669 305 1 1 14 $ 199,000 $ 204,000 425 Vine St 507 345 436 0 1 15 $ 148,500 $ 150,250

listings

sold listings last month

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

QUEEN ANNE

1915 Taylor Ave N 2 1,604 530 2 2 14 $ 869,000 $ 850,000 1414 1st Ave W 603 1,117 744 2 1.75 10 $ 760,000 $ 831,000 1414 1st Ave W 303 1,137 631 2 1.75 10 $ 699,000 $ 718,000 620 W Mercer Place 2-C 1,517 374 3 2 36 $ 585,000 $ 568,000 1 Ward St 9 916 551 1 1.5 105 $ 525,000 $ 505,000 501 Roy St C-244 1,406 355 2 2.25 8 $ 499,000 $ 499,000 610 Wheeler St 201 1,245 398 2 1.75 40 $ 500,000 $ 496,000 2414 1st Ave 712 859 565 2 1.5 20 $ 440,000 $ 485,000 655 Crockett St A-401 966 482 1 1.75 10 $ 449,500 $ 465,800 500 5th Ave W 503 969 480 2 1.75 46 $ 448,900 $ 465,000 812 5th Ave N 211 1,227 379 2 1.75 12 $ 489,000 $ 465,000 2120 8th Ave N 302 1,090 401 1 1.5 23 $ 445,900 $ 436,900 2221 Gilman Dr W 301 1,378 279 2 2 37 $ 395,000 $ 385,000 133 Queen Anne Ave N 306 840 458 2 1 11 $ 385,000 $ 385,000 810 Taylor Ave N 128 960 391 2 1.75 36 $ 379,000 $ 375,000 655 Crockett St A-403 674 519 1 1 10 $ 300,000 $ 350,000 701 1st Ave N 308 838 406 1 1 14 $ 339,900 $ 339,900 1400 Taylor Ave N 303 883 362 1 1 30 $ 320,000 $ 320,000 275 W Roy St 105 770 410 2 0.75 32 $ 314,500 $ 316,000 201 Galer St 368 683 454 1 1 85 $ 316,500 $ 309,750 2572 14th Ave W 102 1,218 247 2 2 30 $ 315,000 $ 300,900 1504 Aurora Ave N 109 834 330 2 1.5 23 $ 275,000 $ 275,000 34W Etruria St 10 670 399 1 1 36 $ 264,950 $ 267,000 1017 W Nickerson St 21 977 256 2 1 49 $ 250,000 $ 250,000 528 W Olympic Place 309 652 352 1 1 65 $ 229,500 $ 229,500 550 Aloha St 102 684 335 1 1 33 $ 229,000 $ 229,000

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

listings

sold listings last month

1404 W Boston St 201 900 250 2 1 36 $ 225,000 $ 225,000 124 Warren Ave N 310 524 410 0 1 84 $ 219,950 $ 215,000 900 Warren Ave N 200 436 482 1 1 51 $ 215,000 $ 210,000 701 1st Ave N 311 498 406 0 1 14 $ 200,000 $ 202,000 1730 Taylor Ave N 106 600 329 1 1 46 $ 199,990 $ 197,500 2145 Dexter Ave N 104 910 214 1 1 29 $ 194,500 $ 194,500 2530 15th Ave W 407 602 314 0 1 14 $ 189,000 $ 189,000 1623 Taylor Ave N 105 665 263 1 1 88 $ 174,950 $ 174,950 2219 14th Ave W 203 630 157 1 1 36 $ 104,900 $ 99,000

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

CAPITOL HILL / EASTLAKE

1223 Spring St 200 2,285 372 2 2 85 $ 895,000 $ 850,000 726 Boylston Ave E 9 1,161 689 2 2.25 9 $ 800,000 $ 800,000 1065 E Prospect St 204 1,213 539 2 1.75 94 $ 598,000 $ 653,500 1310 E Union St 301 1,123 579 1 1 13 $ 615,000 $ 650,000 1065 E Prospect St 104 1,213 453 2 1 94 $ 539,000 $ 550,000 700 E Denny Wy 503 1,265 435 3 2 14 $ 549,950 $ 549,950 1301 Spring St 15-E 845 594 1 1.25 32 $ 510,000 $ 502,000 524 12th Ave E 302 1,411 354 2 2 21 $ 465,000 $ 500,000 201 E Boston St 2100 1,161 403 2 1.75 25 $ 476,950 $ 467,500 511 17th Ave E 5235 1,440 313 2 1.75 65 $ 450,000 $ 450,000 2331 4th Ave E 304 783 536 1 1 86 $ 395,000 $ 420,000 1125 Lk Washington Blvd 1125 860 487 2 1 66 $ 419,000 $ 419,000 615 Boren Ave 21 1,130 367 2 1 105 $ 449,000 $ 415,000 1111 10th Ave E 30 989 406 2 1.75 28 $ 399,950 $ 401,500 1221 Minor Ave 610 968 413 2 1.75 54 $ 389,000 $ 400,000 231 Belmont Ave E 103 800 499 2 2 25 $ 399,000 $ 399,000 705 E Republican St 304 806 491 2 1 51 $ 375,000 $ 395,500 200 17th Ave E 305 755 522 1 1 85 $ 399,950 $ 394,000 303 E Pike St 604 758 505 1 1 16 $ 369,000 $ 382,500 525 Belmont Ave E 1-A 920 408 2 0.75 49 $ 389,500 $ 375,000 1505 11th Ave 202 724 518 1 0.75 15 $ 398,500 $ 375,000 1740 Melrose Ave 305 1,096 333 2 1.75 51 $ 320,000 $ 364,900 1711 E Olive Wy 212 711 506 1 1 21 $ 360,000 $ 360,000 900 Summit Ave E 501 795 448 2 1.75 11 $ 354,950 $ 356,000 215 14th Ave E 102 930 375 2 1.75 32 $ 349,000 $ 349,000 1516 E Pike St 203 982 339 2 1.75 34 $ 325,000 $ 333,000 1414 12th Ave 414 672 484 1 1 7 $ 325,000 $ 325,000 3217 Eastlake Ave E 303 881 351 1 1 10 $ 319,500 $ 309,000 1926 Fairview Ave E 209 807 379 1 1 24 $ 289,000 $ 305,501 345 16th Av Ct 345 456 616 1 1 97 $ 275,000 $ 281,000 530 Melrose Ave E 103 711 389 2 1.75 23 $ 289,000 $ 276,250 630 13th Ave E 2 783 345 2 1 107 $ 289,900 $ 270,000 1631 16th Ave 413 657 409 1 1 85 $ 253,000 $ 268,500 1620 Belmont Ave 123 510 508 1 1 13 $ 259,000 $ 259,000 1505 11th Ave 302 482 533 1 0.75 15 $ 257,000 $ 257,000 1105 Spring St 1311 630 405 1 1 64 $ 260,000 $ 255,000 321 10th Ave S 701 853 296 2 1 13 $ 289,500 $ 252,500 827 Hiawatha Place S 306 771 314 2 1 4 $ 250,900 $ 242,000 1400 Hubbell Place 715 580 405 1 1 57 $ 235,000 $ 235,000 400 Melrose Ave 205 785 292 1 1 47 $ 229,000 $ 229,000

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

sold listings last month

featured listing

exquisite building, elegant homeLIVE AT THE PIKE PLACE MARKET IN ELEGANCE AND SPLENDOR

Enjoy resort style living in the award winning Fifteen Twenty-One tower at the famous Pike Place Market. Elegant corner unit with many custom features. Art rail system, custom office niche. Hi tech home automation system to control lights, sound, home theatre, shades, and temperature. Master bedroom with black out shades, spa bath with heated floors and custom chic walk in closet, secured two car parking. Amenities: 24-hour concierge, gym, boardroom, 2 rooftop decks with club room.

Schedule a Showing

ADDRESS

1521 2nd Ave, #802

PRICE

$1,150,000

BEDROOMS

2

BATHROOMS

1.75

PARKING

2 spaces (Secured)

YEAR BUILT

2008

SIZE

1,729 SF (per King Co. Tax Records)

HOD

$1,075/ month

TAXES

$8,067 / year (Tax Year of 2014)

BUILDING FEATURES

Concierge (Full Time), Conference Room, Club Room, (Full Kitchen), Wine Storage (Privately Owned), Fitness Center, Yoga / Flex Room, Dog Area (Outdoor Covered), Terrace (Rooftop), A/C (Entire Building), Secured Parking (Assigned)

PROPERTY DETAILS

View the Fifteen Twenty-One Profile

View more Photos and Details

1400 Hubbell Place 1415 580 388 1 1 57 $ 225,000 $ 225,000 1707 Boylston Ave 207 639 352 1 1 49 $ 229,000 $ 225,000 1323 Boren Ave 202 436 447 1 1 13 $ 210,000 $ 195,000 827 Hiawatha Place S 202 608 313 1 1 4 $ 199,900 $ 190,000 404 E Harrison St 303 584 308 1 1 87 $ 175,000 $ 180,000 212 19th Ave A 800 221 2 1 31 $ 169,900 $ 177,000 1810 S Charles St 203 615 276 1 1 9 $ 179,900 $ 170,000 308 E Republican St 511 623 271 1 1 52 $ 169,000 $ 169,000 1726 15th Ave 3 520 323 1 1 107 $ 175,000 $ 168,000 1726 15th Ave 11 520 295 1 1 107 $ 157,000 $ 153,500

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

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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 Royal CrestAT WORK, AT PLAY, AT HOME

ADDRESS

2100 3rd Ave

TOTAL # OF UNITS

128 (entire complex)

YEAR BUILT

1972

AMENITIES

Pool (Outdoor), Sauna, Club Room (Full Kitchen), Fitness Center, Terrace (Patio), A/C (Common Spaces + Some Units), 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 Royal Crest Profile