The diverse events, happenings and experiences in the Puget Sound are unlike any other. Discover what your city has to offer.
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Belltown and Downtown combined are, in multiple ways, unlike any other area of Seattle or the broader Puget Sound region. Firstly, the area is completely urbanized: there is no single-family housing left downtown. Secondly, this area is ground zero for the widely-discussed "Condominium Conundrum" in Seattle, where nearly all multifamily construction in recent years has been allocated for apartments. As a result, the number of downtown sales is historically low amidst the greatest run-up in home prices in the city's history.
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This area comprises a diverse patchwork of both affluent and middle-income neighborhoods northeast of downtown. Some, including Madison Park, Denny Blaine, and Leschi, offer frontage on Lake Washington; but Capitol Hill and Madison Valley are also included. There were $998 million in single-family home sales in Central Seattle in 2017, at a median selling price of $877,000−13.2 percent higher than the 2016 annual median price of $775,000.
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NEXUS will rise at the corner of Howell and Minor in the heart of downtown Seattle’s new multi-billion-dollar urban living core – the “East Village”. This is an architectural achievement without compromise – advancing modern design and elevating city life to new heights.
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In 2017, the median single-family home price of $946,000 in Queen Anne and Magnolia, highest among all eight areas of Seattle, was just 5.8 percent greater than the 2016 median price of $894,100. Due to comparatively few annual sales in these desirable neighborhoods (772 in 2017), selling volume was $846.2 million—least among the city’s affluent northern areas.
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Gridiron, located atop the 102-year-old carefully restored Johnson Plumbing Building in Pioneer Square, is already 50% pre-sold. The 107 contemporary condos are averaging around $1,000+/SF with the cheapest unit being a studio listed at around $550,000. They are slated to be completed by the fall of 2017.
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One88, downtown Bellevue's first new condominium development since 2009, is set to enhance the city's skyline with more than 140 residences. According to their website, "Signature style, gracious views and a host of world-class amenities come together to create a new address and ownership opportunity like no other."
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Located in Ravenna, Luxe36 features welcoming live/work lofts, as well as 3- and 4-level urban-style townhomes. Designed by award-winning Johnston Architects, the homes are centrally located to the University of Washington, downtown Seattle, and I-5. Currently sold out.
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The 57 luxury townhomes at McGraw Square on Queen Anne mix, "contemporary, Craftsman, and classic row architecture." Each home features 3 bedrooms, a 2-car garage, and incredible Puget Sound views. Select homes will feature a rooftop deck. Priced from the $900,000s. Presales begin in the summer of 2017.
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There were $1.72 billion in single-family home sales in the Ballard and Green Lake area of Seattle, at a median selling price of $750,000. This was 13.6 percent higher than the 2016 annual median price of $659,950, just short of advancing home prices in neighboring North Seattle.
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In 2017, the number of single-family home sales in West Seattle was exactly one more than in 2016, respectively 1,671 to 1,670. Note that some variance will be found among our West Seattle statistics and those obtained directly from the NWMLS.
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Single-family home selling volume reached $1.04 billion in North Seattle, at a median selling price of $776,000, 14.1 percent higher than the 2016 annual median price of $680,000.
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Hendon Condominiums, located in the Phinney Ridge neighborhood, is a 32 unit development by Isola Homes. Features include a community rooftop deck, in-suite washer and dryer, 12' ceilings in select homes, and mini-split heating and cooling. Units range in price from $369,950 to $759,950. Next release coming soon.
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In 2017, the number of first-quarter single-family home sales in Southeast Seattle was up by 70 percent year over year (163 in 2017 Q1 vs 96 in 2016 Q1, a lackluster quarter). Sales had smoothed out by the end of 2017, which ended with 13.2 percent more sales than 2016 (762 to 673).
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A recent report determined an aggregate $60 million in income tax deductions were missed in 2016 by 12,562 tenants that occupied newer apartment units built since 2010 in downtown Seattle alone.
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In this dynamic marketplace, you won't want to miss out on the opportunity to find your dream home! Explore Realogics Sotheby's International Realty's collection of newest homes in the greater Seattle area.
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Sotheby’s International Realty Affiliates LLC is proud to present “Global Affluence: The Emerging Luxury Consumer,” a report examining the confidence, spending habits and purchasing interests of emerging luxury consumers from around the world, defined as those with $250,000 to $1 million USD in investable assets
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