Sold Archives - Page 2 of 3 - Seattle Condo Broker

February 24, 2016 By Jeff Reynolds

Sold, One Lincoln Tower Unit #2007

Seattle Condo Case Study

One Lincoln Tower
650 Bellevue Way #2007
Bellevue, Wa 98004

Asking Price – $899,000
Sale Price – $890,000

Situation

Our clients engaged our services a number of times in the lifetime of their ownership. Most recently, we took on the challenge of selling this 20th floor unit and reaching high for a record breaking price in the building. We gladly accepted the challenge.

Strategies & Tactics

We set some ambitious goals of reaching out to each and every owner in the building. One Lincoln only has 148 units so the idea was to keep the listing on the forefront of every neighbors mind. Living in One Lincoln Tower is a exclusive opportunity and we handled it as such. We used professional photography, video, and we deployed our highly successful social media campaign. We sent out our signature (just listed campaign) and reached out to some of Bellevue’s best brokers.

Result

We could not have been happier with the result of our efforts. At a listing price of $899,000 we received a number of offers and eventually got our client $890,000 – We successful sold the unit in less than 120 days and set the second highest cost per square foot in the building in the last 4 years at $793psf.

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SeattleCondoBroker.com was designed by Jeff Reynolds. It was built to display the un-paralleled Seattle condo service for buyers, sellers and condo enthusiasts. In partnership with UrbanCondoSpaces.com, we invite you explore past sales, current listings, market data, new projects reviews and more. Jeff and his team of Seattle condo experts are the number one condo team in Seattle, Washington.

December 18, 2015 By Jeff Reynolds

Olive 8 Condos, Year End Marketing Report

Project | Olive 8 Condos | 737 Olive Wy, Seattle

Are you an condo owner at Olive 8? Maybe just an enthusiast wanting to stay up on market movements and pricing info? In partnership with UrbanCondoSpaces.com I just put together a year end marketing report for Olive 8.

Cost per square foot, average cost per condo sold and the average pricer per rental are all up. You’ll see in our infographic below that the average cost per square foot is up nearly 34% since 2011.

There were 5 sales over a $1,000,000 in 2015 as well.

October 26, 2015 By Jeff Reynolds

Sold, Escala 1920 4th Ave #1409

Seattle Condo Case Study

Escala Condos
1920 4th Ave #1409
Seattle, Wa 98101

Asking Price – $635,000
Sale Price – $635,000

Situation

We sold this unit to our client in 2010. Thankfully, it was a great time to acquire the property. Values in Escala were depressed from the recent recession and we were able to strike a very solid price from the previous owner. The reasons for selling were very simple. Through our own research, we learned of two major projects that were in planning on two adjoining sites. Both of these projects could have a major impact on the value of the unit and certainly would greatly decrease the natural light. Once our client was on board with proactively selling the unit, we put a plan in place to execute.

Strategies & Tactics

The goal was to be transparent with buyers about the proposed neighboring developments. We took a similar approach to many of our other sales with professional photography, video, light staging (thanks to our clients great taste in furniture) and we deployed a very robust social media campaign. We sent out our signature “just listed campaign” and reached out to our downtown brokers network.

Result

Given the complexity of this particular sale, we realized that we likely wouldn’t sell at or below the average days on market timeline. With that said, we aggressively pursued multiple offers and set a review deadline a week from when we listed the condo. We received 2 offers. We were disappointed to hear that our buyer backed out of the sale just 3 days into the contract. We put the condo back on the market, procured an offer in less than a week and immediately put our closing plan in place. The buyer profile was an executive level Amazon employee who was re-locating from San Francisco. Our seller appreciated our tenacity in quickly getting back under contract and seemed to be very happy with the results.

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October 20, 2015 By Jeff Reynolds

Sold, 500 106th Ave NE #1101

Seattle Condo Case Study

Situation

Our seller reached out to us about selling this incredible 2 bed, 2.5 bath condo at Bellevue Towers. The property was purchased early in the sales process and our job was to help the seller pull equity out from a quick sale so she and her family could re-locate to Seattle.

Strategies & Tactics

Our marketing strategy included staging, professional photos, drone-video production, an independent website and a social media blitz. We sent our signature just listed campaign, catered a brokers open and reached out to our downtown brokers network (both Seattle and Bellevue)

Result

In less than 3 weeks we found a buyer from New York who paid $910,000. Our listing price was $918,000. We faced other units in the building that came on during our listing timeline but our focus helped us get the job done. Our seller was very satisfied with our pre-listing, marketing deployment, our contract negotiation, the staging, the website and the video production.

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October 1, 2015 By Jeff Reynolds

Sold, 714 Bellevue Ave Unit #101

Seattle Condo Case Study

Building | Address

714 Bellevue Ave – Unit #101
714 Bellevue Ave #101
Seattle, Wa 98102

Situation

We were tasked with finding a great home/condo in the $750,000-$1,000,000 price point for a new client sent to us by the owner of our company. The goal was to identify a good quality 3 bedroom unit for the client to purchase in a 90-120 day window. They would re-locate out of a South Lake Union apartment.

Strategies & Tactics

3 bedroom condos are not as common as one might think. In fact, unless it is a penthouse, most 3 bedroom units are found in older and often less desirable buildings. We sifted through our database of condos, went through traditional routes of exploring 0n-market property and eventually shifted gears towards finding a great “off-market” opportunity. Our team often pre-viewed listings to make good use of our clients time. We caught word of 714 Bellevue Ave #101 hitting the market. Ironically, at that time we were helping a past client lease their unit next door (714 Bellevue Ave #102).

Result

Once the property was identified, we moved quickly. We avoided a multi-offer situation by offering full price and a significant amount of down-payment funds which were attractive to the seller.

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