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!
Check out this great one bedroom/one bathroom condo located in Belltown. Offering a variety of stunning views from the 19th floor, you’re able to catch a gorgeous view from any room in the unit. Enjoy a beautiful east facing view of Downtown, the Cascade Mountains, and a partial outlook of Lake Union from your large deck. With high ceiling throughout the unit allows for a spacious free flowing setting. The open kitchen has stainless steel appliances, dark wood cabinets, gorgeous granite counter tops and a pantry. A spacious living room allows for a complementary dining space perfect for entertaining. The bedroom has two closets for added storage. With twenty-four hour security and concierge you’ll feel safe sitting in the laps of luxury. The build offers great amenities such as an indoor-pool, hot tub, sauna, exercise room, a club house and a large outdoor area. Condo is air-conditioned. No rental cap.
Join your Belltown Community Council this Wednesday, February 11, for an update on neighborhood issues and to enjoy some delicious food from Belltown’s own Buckley’s. Here’s what’s on the agenda for the night:
- Law Enforcement Assisted Diversion (L.E.A.D.) Update: A pilot program that allows law enforcement officers to direct low-level drug or prostitution offenders in Belltown to social services instead of jail time.
- Update on the Affordable Living Committee from Seattle City Councilmember Sally Clark.
- Update on the Public Realm Study from Steering Committee Chair Jane Zalutsky. Find out how you can help plan connections between Belltown, Denny Triangle, and Uptown.
The meeting starts at 6:30 p.m. at the Belltown Community Center (415 Bell St.).
An argument at a homeless services center in the neighborhood erupted into a fight where one woman hit another with a golf club, in Belltown crime news. The incident occurred when a woman and her daughter were waiting for services at the Downtown Emergency Service Center just before 2 p.m. on Tuesday, May 27th.
The daughter allegedly began arguing with another woman, whom she said was staring at her. The women both threatened each other with violence, causing a security officer to ask them both to leave.
After exiting the building, the woman who was allegedly staring was joined by two more women. At this point, according to police reports, the mother stepped in and told the three women that no one would be allowed to assault her daughter. One of those women proceeded to punch the mother in the face, which caused the argument to escalate to a physical fight in the street outside of the DESC.
One of the three women fighting with the mother and daughter told another of her partners to “get the tool out of the trunk”, at which point the woman took a golf club out of a nearby car and hit either the mother or daughter (the reports online are unclear).
The three women fled the scene in a red Chevrolet, headed southbound on 2nd Avenue. Seattle Police Department bicycle officers arrived at the scene. The officers found the victims to be not seriously injured, although one of the women had an abrasion on her face. Both the mother and daughter victims refused medical treatment, and left the scene after providing police with their statements.
SPD did not get any further information about the three other women who fled the scene.
The DESC has been offering an emergency shelter and sanctuary for adults living with behavioral health problems and chronic homelessness since 1979. According to the website, “[Their] mission is not merely to offer shelter, but to end the homelessness of our community’s most vulnerable people, through an integrated array of clinical services and supportive housing that allows men and women to reclaim their lives and reach their highest potential.”
Featured photo from here.