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.
If you work or live downtown, you’ve no doubt seen one of the many Metropolitan Improvement District ambassadors in their yellow jackets keeping our sidewalks and streets clean. But these ambassadors do more than just remove graffiti and sweep up leaves; members of the MID Outreach Team help homeless men and women find access to social services, and serve as familiar faces for those living on the streets downtown.
Since October they have partnered with the Seattle Union Gospel Mission to give free haircuts to those most in need. Mike, an ambassador who is also a certified barber, came up with the idea, and since the program began more than 60 haircuts have been given to men and women at the UGM. Mike and fellow ambassador Decloran offer the service every first and third Wednesday from 2:00-4:00 p.m. at the downtown men’s shelter on 2nd Avenue.
So, next time you see one of our ambassadors braving the cold and rain on our downtown streets, give them an extra smile and thank them for what they do! And visit the Union Gospel Mission’s site to find out about how you can help our citizens in need.
There are more than 60,000 people who live in downtown Seattle, and an increasing number of those residents are school-aged kids. While there is one downtown high school (The Center School), elementary and middle-school students don’t have a neighborhood public school and must travel to schools on either Queen Anne or Capitol Hill. The Seattle School Board is working to change that, having submitted an application to the U.S. Department of Education to turn the former Federal Reserve Bank building on Second Avenue into the first elementary school serving downtown kids in 65 years.
The school board will be holding two public meetings in October (Wednesday 10/1 and Wednesday 10/15) to discuss the latest developments, and they are urging community members to show their support for the school by attending one or both of the meetings and using the public comment period to give feedback. For those unable to attend, comments can be submitted to the school board via e-mail at email@example.com. Both meetings will be held at the Seattle Public Schools headquarters at 2445 3rd Ave. S, from 4:15 – 8:00 p.m.