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

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.

Four Seasons Glass Panels Fall

After several incidents of falling glass panes, a general contractor for the Four Seasons Hotel and Private Residences building in downtown Seattle is removing the remaining pieces of glass that line the residence balconies. On Sunday, the piece fell onto a glass awning over the sidewalk. The awning cracked but didn’t break, and no one was harmed. There are 300 glass panels in the building that will be removed. In the meantime, the building’s owners will work on a new railing concept for the residence balconies. For more information, see the full Seattle Times article.

One Pacific Tower

seattle condosOne Pacific Tower located at 2000 1st Avenue in downtown Seattle is 2-story luxury condominium building.   The building was developed by Vyzis Development Company and designed by Curtis Beattie & Associates.  The building was constructed in 1994, and is only a few blocks from the Pike Place Market.  This building is close to everything that downtown Seattle and Belltown have to offer.  Please follow the link to search Seattle luxury condominiums for sale.

seattle condo

Building: One Pacific Tower
Address: 2000 1st Ave.
Yr. Built: 1994
Construction: Cement/Concrete
No. of Buildings: 1
No. of Stories: 27
No. of Units: 80
Views: City, Mountain, Water
Parking: Garage

Banner Building

seattle condosThe Banner Building is a luxury condominium building located in Belltown, Seattle.  The building is at 80 Vine St. and was built in 1994 and designed by Weinstein Copeland Architects.  Comprised of both residential and commercial properties, Banner was built with the concept of work/live spaces in mind.  The building won multiple AIA awards , and was one of the first work/live buildings in the city.  The 26 units are loft-style open shells with high ceilings and exceptionally large windows.  The interiors themselves are very industrial, with exposed beams and concrete floors.  Please follow the link to see if there are any current listings available in the Banner Building.

Building:
Banner Building
Address: 80 Vine St.
Yr Built: 1994
Construction: Concrete & Metal
No. of Buildings: 1
No. of Stories: 7
No. of Units: 31- 26 res. 5 com.
Views: City, Lake, Mountains
Parking: Common Garage
Pets: Sub. To Restrictions