For those of you who don’t know about one of the greatest PNW traditions here in Seattle, here’s your key! All month long enjoy The Argosy Christmas Ship Festival at one of their 65 different Puget Sound waterfronts. The Argosy Christmas Ship sails around to different waterfront communities caroling holiday cheer through their state-of-the-art speaker system. Take a look at their December 2016 schedule, and join your community for a bonfire while listening to the Christmas Ship!
The Argosy Cruise donates a portion of all ticket sales to benefit The Seattle Times Fund For The Needy. The Puget Sound charity ensures that local nonprofits will continue to provide programs and services that serve children, seniors, and families
Real Estate in Belltown/Downtown is continuing to show growth month by month. The numbers also show us that summer has been a busy buyer’s market. The number of sales as increased slowly up throughout spring into summer. Between March and May, the number of sales climbed in small increments March 38, April 44, May 53. At the end of June, we saw 164 residences sold with 93 left pending. The astronomic increase was due mainly to pre-sales for the Insignia building, but still shows the demand for condos continues to grow.
The general downtown area only saw 10 more sales this July than July of 2015, but the average prices increased. The lowest average price has gone up by $12,500, the median price increased by $169,450, and the highest jumped $1,520,000. There are currently 63 active listings and 101 pending. We will have to see what this crazy neighborhood market has in store for us next month!
As some of you may know, real estate in Belltown is booming! But do you know by how much? With all the new buildings going up in the neighborhood one can just assume how many people are attracted to the hip and trendy area. There are currently 93 pending listings, 45 of them being in the Insignia building. According to the NWMLS, last June (2015) there were 35 sold listings. This June there were a total of 164 sold listings, 102 of them being, once again, the Insignia Building. The cumulative days on the market dropped from forty days to fourteen.
Surprisingly, it seems prices aren’t jumping as much as you would think. The highest price for a home has dropped from $1,615,000 to $1,272,000, the lowest going from $219,000 to $210,000. But on the other hand, the median sales price is up from $557,800 to $414,950. According to the Development and Construction Projects on www.downtownseattle.com, there are currently more than 18,00 residential units in pre-development downtown. Looks like there will be a lot of inventory for next June!