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:

Fitness Room. Photo:

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:

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.

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.

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!

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

Bosa Starting Construction Soon On 2 Condo Towers

Seattle Condos

Photo courtesy of the Daily Journal of Commerce

Bosa Development Corp is planning on beginning the first construction phase of a gigantic condo project within the next two weeks. There will be two 41-story, 335 unit condo towers in the Denny Triangle Regade, just a block or so away from where Amazon plans to build three office towers. According to the Daily Journal of Commerce Bosa’s president Natale Bosa said “construction will be done in two phases on a  full block site between Battery and Bell streets and Fifth and Sixths avenues.”

The construction plans include 36,000 sf of retail space below the two towers, a swimming pool, lounge area and exercise room, and 900 parking stalls. The project will cost roughly $350-$400 million, and the first tower is scheduled to open at the end of 2014. If the market turns around, and the first tower fills, the second tower will begin. The is the first condo development to be built downtown in five years! For more information, visit the Seattle Times.

Downtown Seattle Condos Starting to Fill Up

Downtown Seattle Penthouse Condo Available

The past two years have not been promising for the Seattle Condo Market, and condo developers are finally starting to see a turn around in the Downtown area. According to the Seattle Times, roughly two dozen new projects were at work between 2007-2010 during big the real-estate crash. Many of those who bought the pre-sale backed out and several developers ended up converting their buildings to rental units to cater to the economy. Those who stuck it out had to slash prices, and in many cases had to lower the costs by up to 40 percent.

Today the market is starting to look more appealing and beginning to have the first signs that it will bounce back. A few good indicators include Escala raising  some of their prices; one of the largest downtown projects to date, Escala did so quietly, with the majority of their condo units selling for 99% of the asking price, they’ve begun upping the anty as their inventory gets smaller. Also of the 2,500 condo projects that have been built in downtown and surrounding areas, fewer than 250 units is left unsold. There are currently no new projects in place; most developers and lenders have put condos on hold to allow the market to recuperate. If you’re interested in learning more about finding a condo in the Seattle area, here is a list of available units.

Seattle’s Four Seasons – Condo for Sale – Update Off Market

Seattle CondosElegant and spacious one bedroom plus den luxury condo in the Four Seasons. 5-star hotel amenities in downtown Seattle a stone’s throw from the Pike Place Market, Benaroya Hall, Seattle Art Museum and shopping. The condo features granite countertops, Miele & Sub-Zero appliances, Dornbracht fixtures, custom oak cabinets, limestone master bath, gas fireplace, wide-plank hardwood floors. 24-hour concierge & security, valet parking in deeded spaces, fitness center, outdoor pool, spa & fire pit.

Status Condo For Sale
Area Downtown
List Price $1,495,000
Bed/Bath 1/1.5