Fifteen Twenty-One has just reported selling 83% (115) of their inventory. There are some selected homes priced below $1M available but are not listed on the MLS and the highest priced penthouse is going for more than $4M. Eighty three percent sold over the last 1 1/2 year in this market is a pretty good progress. I think one of the reasons is that there are few newers condos on the market right now with direct water views available giving 1521 a little bit more advantage over other newer condos. The website has a cool map showing the number of condos priced above $1M sold since 2000. I think it would be more interesting if they could add another heat map that shows sold inventory over the last 3 years.
How did Olive 8 fair after the auction and "reset" this year? They have 33 sales since the first of the year and now are more than 60% sold. Apparently, there was a big buyer who picked up 10 units as an investment. There is also a 5% down payment option available through their lender. The developer is working with Alchemy Collections to furnish their remaining open one bedrooms (for full price offers).
The Four Seasons Private Residences has restructured their construction loan and is now back on path marketing the 11 remaining units. The building went through some financial difficulties over the last two years but fortunately was able to restructure the loan with the lender, Washington Real Estate Holdings. Read more here.
One bedroom 1,328-1992 square feet——$1.475M-$2.555M
Two bedroom 1,850-4,132 square feet—–$2.44-$6.30M
Three bedroom 4,488 square feet————-$7.15M
Hope this helps.
By Wendy Leung with Seattle Condo Review. A guide to Seattle condos exclusively for buyers and sellers.
Leave A Comment