Insignia

Insignia’s two towers.  Photo: Bosa Development

Insignia, as in “signature”, definitely makes a mark. Numerous amenities, accessibility, and a great view: these are some primary features of luxury living in this 41-story building. It inhabits a full block at 583 & 588 Bell Street in the Denny Triangle area. The north tower opened in Summer 2016, and the south tower in Spring of 2015. Originally the building was scheduled for construction much earlier, but it was stalled for a while due to previous economic instability in the market.

The downtown corridor is reportedly short on permanent housing, as opposed to rental properties. At the time of this writing, there were only a few available living spaces left of Insignia’s 700 units in both towers. Homes range from $500,000+ to over $2 million, depending on the amount of space/footage and the view available. Dimensions vary from 868 to 2,520 square feet.

40th Floor Penthouse, Insignia.  Photo: Tucker English/Puget Sound Business Journal

According to Nat Bosa of Bosa Development, he always strives “to focus on timeless design and lasting, quality materials” for each of the residences he’s created here in the U.S. and abroad, so people are satisfied long-term with their living space. A modern approach was applied to the $450 million project, and many comforts were made available for ease of living. Mitchell Freeland Design was instrumental for interior design elements within these living quarters. Quartz countertops, engineered hardwood floors, fine cabinets, and other touches prevail.

2-Lap Pool. Photo: insigniabybosa.com

Fitness Room. Photo: insigniabybosa.com

Some of the comforts/amenities available:
˖ fitness options, such as a loaded fitness equipment room and a yoga/pilates studio on-site
˖ a glass atrium with indoor lap pool and spa (North Tower)
˖ pet care services, including an outdoor pet retreat, plus pet wash and groom area
˖ 1,000 parking garage spaces for 700 units
˖ bike storage with a work area
˖ attendant working in lobby
˖ private screening television room
˖ park-like community space, outdoor fireplace, seating area, and built-in grills, all on the 7th floo
˖ steam room and sauna (North Tower)
˖ stations to charge electric cars
˖ car wash bay

Accessibility to downtown Seattle:
Insignia currently has a Walk Score of 98 of 100 because it is so convenient to reach businesses, services, and nightlife in the surrounding neighborhoods. Being located at the crux of Belltown and Lake Union, Insignia is close to many large, local employers as well. It also has a Transit Score of 100 for accessing public transit and a Bike Score of 88.

Lounge at Insignia. Photo: insigniabybosa.com

And the great view:
There is a wide-view Sky Retreat Lounge on the 41st floor that any resident can access. And many of the homes have an unimpeded interior view of the Seattle Center, Elliott Bay, or other sights, depending upon the dwelling’s location in the building.

Insignia takes downtown living to a new level, in more than one way.

Madison Tower Condo Available For Purchase or For Rent

A luxurious 2 bedroom, 2.5 bathroom, plus den condo in the beautiful Madison Tower Condominiums in Downtown Seattle. Atop Hotel 1000, this southwest corner unit features sweeping views of the Olympic Mountains, the Puget Sound, and Seattle’s cityscape. Beautifully finished with top-of-the-line appliances throughout. Resort-style amenities available including:

  • Room Service
  • Full-Service Spa
  • Exercise Room
  • Library
  • Meeting/Conference Rooms
  • Virtual Golf
  • 24hr Concierge
  • BOKA Restaurant
  • Resident-Only Rooftop Deck
  • Valet Parking Available for 2 cars

Status Available for Purchase or Rent
Area Downtown Seattle
List Price Listing Price: $1,795,000

Rental Price: $7,500 a month

Bed/Bath 2 beds/ 2.5 bath

Buy or Rent?

Seattle Condo Market – 2016 in Review

Seattle CondoThe Seattle condo market can vary greatly depending on the neighborhood.  While there are condos in most Seattle neighborhoods, the biggest concentration is obviously is in Downtown Seattle.  The Downtown Seattle condo market saw increases in 2016 from 2015.  The average Downtown Seattle condo sales price was up ($781,310 vs $667,959), price per square foot was up ($702 vs $626), and the days on market was less (29 vs 39 days).  So Downtown Seattle condos sold faster and for more money.  In addition, more of these Seattle condos sold in 2016 (934) than in 2015 (790).  While the numbers improved, sales in both years were dominated by the Insignia project on 5th and Battery.  In 2015, there were 299 Insignia sales and in 2016 it accounted for 406 sales.  Insignia has been the exception, not the rule.  It is the only major downtown condo project in the last couple years, mainly because of the risk of lawsuits condo builders face and because the Seattle rental market has improved, making apartments the preferred choice for developers.  With limited new condo inventory and the improved overall Seattle real estate market, Seattle condos have seen increased in their prices.

The overall real estate market in the region (area covered by Northwest Multiple Listing Service which serves 23 Washington State counties) saw an 8.1 increase of sales in 2016 when compared to 2015 with inventory at a record low for most of the year. For the 23 counties, the median sales price increased 8.9 percent from $310,000 in 2015 to $337,500 in 2016. Condos, which make up a smaller share of the market, were up 12.6% while single family homes increased 8.7%.

The luxury real estate market was strong in 2016, with over 3,251 home sales over $ 1 million compared to 2,676 in 2015: over a 21 percent increase. The number of condos over $500,000 also increased with 1,711 sold in 2016 versus 1,459 half-million dollar sales in 2015: also over a 21 percent increase.

2017 seems to be taking over where 2016 left off.  As always, to maneuver the Seattle condo market, reach out to your local real estate broker to navigating the Seattle real estate market.

These statistics were gathered from the Northwest Multiple Listing Service, but were not compiled or published by that organization.

Millennium Tower Penthouse – Available for Purchase

seattle condoOnce in a life time opportunity to own an entire top floor penthouse in Seattle’s best condominium residence. Huge shell with high ceilings, fantastic 360 degree downtown views and endless potential. Mount Rainier, Elliott Bay, downtown skyline and Olympic Mountain views afford every great vista in Seattle. Also the roof top deck belongs solely to this luxury condo. Well located building in Seattle’s Central Business district. Close to the stadiums, restaurants, art venues, without the crowds.  One of the most prestigious condominiums in the Greater Seattle Area.  The condo boasts nearly 10,000 square feet.  When finished this will likely be the most luxurious condo in Seattle.

Seattle Condos

Status Condo For Sale
Area Downtown
List Price $8,000,000
Bed/Bath Shell

Luxury Queen Anne Condo Available for Sale

Seattle Condo

Unobstructed View from Condo

Superb Schultz Miller studs out remodel of this premier South Slope Queen Anne Hill condominium. Rare opportunity in one of Seattle’s best buildings. Extraordinary craftsmanship of this Seattle luxury condo includes Pecan millwork & parquet floors, gorgeous paneled library, marble bathrooms and fabulous kitchen. Sweeping views from Cascades to Olympics, sunrise to sunset, plus front and center vista of Mt. Rainier, the Space Needle and Seattle skyline. Truly one of the most luxurious condominiums on Queen Anne and Seattle.

Seattle Condos

Status Condo For Sale
Area Queen Anne
List Price $4,950,000
Bed/Bath 2/1.5

April Condo Recap: Condo Market Looking Hot

The Condo Market is very hot right now.  We are seeing condos go on the market and if priced right they are receiving offers within days.  Well maintained buildings with a healthy reserve fund have received top dollar for their units in the past month. condo pic

The most sales for 2014 occurred with prices in the $200-300 range but the $300-400 range is a very close 2nd!  The average list price for the past 3 months is around $355,000.

With May just getting underway, the Magnolia and Queen Anne neighborhoods already have a combined 79 units that have gone on the market.  The Downtown and Belltown areas have a combined 122 listings so far for the month of May.

There are 8 units that have closed already in Belltown & Downtown, and there are 6 listings that have already closed in the Magnolia/Queen Anne Neighborhood.  So there are still plenty of units to view but be quick as they are selling fast! If you’re interested in learning more about the Seattle condo market, feel free to contact me at anytime.

Seattle Condo Market Real Estate Recap 2014

Downtown Condo Market is off to a good start in 2014.  There were 41 active listings in January and that has increased to 43 for February.  There have been 26 listings that have sold, and February was a better month in terms of sales with 19 units closing versus 6 in January.  So far there is 1 unit sold for March. 98 union front

Belltown is a booming neighborhood with slightly more listings in 2014 than the Downtown corridor.  There were 46 listings in January and 52 in February.  There were 12 sales in January and 14 in February so even though there were slightly more listings in this area, the same number of units as Downtown were sold.  March is off to a better start with 4 units sold thus far.

Heading a bit North to Queen Anne there were 56 listings in January and 52 in February.  Of those listings, 17 sold in January and 16 in February.  Currently there are 48 units on the market to start the month of March. In the smaller neighborhood of Magnolia, January was off to a slow start with only 2 condo listings.  February increased to 7 active listings and March currently has 6 active condo listings.  There was 1 unit that sold in January and 2 in February.

For more information on buying or selling a condo or in regards to Condominium Association Management please contact  me today!

Another Downtown Apartment Planned; Inspired By Viaduct

The Alaskan Way Viaduct isn’t scheduled to be completely torn down well into 2016, but plans for the waterfront redevelopment for City officials and businesses are already in the works. According to the Seattle Times, city permit records indicate that Harbor Urban has approached Seattle planners to discuss building a 16-story apartment or condo tower on property that’s now under viaduct soil. This is the first big development proposal to leak in the viaduct corridor thus far, since the tunnel was approved last year.

The Harbor Urban site is located on University between Alaskan Way & Western, which is currently a parking lot near the Harbor Steps but when they demolish the viaduct, the property has potential to gain significant value. Any particular property there has the potential to gain unobscured views of Elliot Bay and the Olympics. City and business leaders are already constructing and planning improvements to the waterfront boulevard and devising a $400 million dollar plan that includes parks, a beach and a public swimming pool. Harbor Urban is planning for 165 apartments or condos with 8,000 sf ground floor retail, and room for 130 parking stalls, and their building would ideally comply with current zoning and building limits, (which limits the building height to 160 feet). For further information on plans for the waterfront and future downtown waterfront living, visit the Seattle Times.

Western Avenue Condo For Sale: $314,000 – Update SOLD

This lovely condo on Western Avenue, located at The Vine is located is close proximity to the Pike Place Market,  the Olympic Sculpture Park, and other shops and restaurants downtown. Built in 2002, the building was structured to include modern amenities in all units, including granite counter tops, stainless steel appliances, and a gas stove and fireplace; not to mention the 150 sf deck overlooking the Sound, and out to West Seattle!

This 1 bed 1 bath unit has beautiful huge windows over looking the city and Sound, and a great little build out in the kitchen separating the space from the living room. The building amenities include a 24 hr concierge, garage parking,  a fitness room, and ample storage space. For more information on unit or others in the Seattle area contact Ewing & Clark Inc.

Status: For Sale
Bed/Bath: 1,1
Price: $314,000

King County Home Prices Have Double Digit Rise!

This has been the third straight month in a row that we’ve seen a year over year price increase in King County, and it’s definitely the largest! According to the Seattle Times, for the first time in five years, we’ve seen a double digit increase, with the median value in homes estimated at $380,000, a 10.1% rise since June of last year. The last time there was a year over year double digit increase was back in 2007, when the median also hit an all time high of $481,000.

Denny Blaine Home listed for $3,895,000

After the high, the inevitable countrywide median housing drop occurred, falling nearly 36% nationwide, dropping down to $308,125  this past February. According to the Times, this June was a jaw dropper, with 23 or 29 King County areas experiencing a year over year increase, with 13 of them in the double digits! While not as impressive as King County, Snohomish and Kitsap County also saw slight increases, and condo prices in King County went up nearly 5% as well. For more information on the price of homes in King County, visit Ewing & Clark Inc.