Seattle’s New Waterfront: Get Your Feet In For Instant Future Equity

Seattle’s New Waterfront: The Viaduct Is Coming Down!Pioneer Square real estate

Instant Equity Courtesy Of The City’s Improvements Will Likely Spark Land Grab Of Surrounding Properties As Improvements Become Obvious. 

Finding your footprint in the surrounding condos and lofts around the new Seattle waterfront is a closing window of opportunity!  As soon as the viaduct is down this month, the opportunity of any surrounding real estate is going to be very obvious.  It isn’t about views in this case.  It is about proximity to new amenities.

seattle waterfornt projects for pioneer squareSeattle is one of the nation’s most livable cities because of it’s beautiful and well developed park systems.  Since the viaduct was built in the 1950s, the views and accessibility to the city’s waterfront has been seriously impaired. We are finally getting our waterfront back and condos in Pioneer Square, Downtown, and more are going to be the hot commodity.

 

We have a great example of a hip historic loft in Pioneer Square that is located literally a block from the new waterfront improvements. A vibrant Pioneer Square loft with 975 square feet of living space! Brick walls frame the history behind Pioneer Square. Hardwood floors throughout this one bedroom loft with high ceilings and one bathroom give character and warmth. Practical open floor concept for a live-work idea.  Open kitchen, new stove/range, washer and dryer in unit, storage locker and deeded parking spot in secure garage.

Let the city build your equity for you. Be in the hub! Perfect spot for commuting to the games, late night dinner, Metro or the airport.  Don’t let this one pass you by. $675,000

Pioneer Square Realtors Molly Cartwright Courtney CooperMore info: 80 S Jackson St #305

Molly and I are happy to show this to you!

Molly Cartwright | Courtney Cooper

Your Seattle Realtors

Call/text 206-841-6800

Waterfront Landings Condo 2018 Wrap Up

Seattle Condos Market: Waterfront Landings Condo 2018 Wrap Upwaterfront landings condos

This year marked a record setting sale for Waterfront Landings Condominiums at Seattle’s downtown waterfront! Molly Cartwright and I competed against at least two other brokers for one of the fourth floor Puget Sound view units. We worked extremely hard on making sure that we were able to get the seller the greatest return on their investment.

We made recommendations which ended up saving the seller tens of thousands of dollars in improvements, but also enabled the unit to sell during the hot selling season.  Had the seller taken other advice given during his broker search, he would have missed the market and it would likely have ultimately cost him hundreds of thousands of dollars. In the end, we sold this one in TWO days for $825.38 a square foot which is in fact a record for the Waterfront Landings Condos complex!  We listed it for $1,100,000 and sold it for $1,210,000 and closed in a week.  

In all, seven Waterfront Landings Condos closed in escrow according to the NWMLS.  We are aware of one additional off market unit which was not reported to the MLS stats. Here is a great PDF with details of all seven of them: Waterfront Landings Sales 2018  you can see the various units that sold, but make sure to check out the last page.  It is full of great numbers!

  • Dollar per square foot ranged from $623.38 to $825.38 with an average of $740.34 (Our Waterfront Landings condo unit listing was one of these seven and sold for the highest dollar per square foot at $825.38)
  • CDOM (Cumulative Days On Market) ranged form 2 days on the market to 45 days on the market with an average of 20 days on the market (Our listing sold in the least amount of time at 2 days and then closed a week later)
  • Original List price ranged from $525,000 to $1,100,000 with an average of $713,143
  • List Price average dropped to $701,143 (Two price drops occurred in the seven listings before they sold.)
  • Sold price ranged from $520,000 to $1,210,000 with an average of $707,857
  • The sales price to list price ratio ranged from 94.89% to 110% with an average of 100.12%, but only three of these Waterfront Landings condos sold for over list.  I think the fact that our listing sold for 10% over the list price might be bringing the overall average up.

Please let us know if we can help you properly position your condo for the market.  Our listing sold for 110% of list price in less time than the other listings at Waterfront Landings. Even with a slow down in the market, there is still a demand for this particular building especially now that the end of the viaduct is closer and great attention is being focused on improvements in the area around the Waterfront Landings condos complex. We are here to help and happy to even just give you a second opinion.  We look forward to helping you meet and exceed your real estate needs in 2019 and beyond!

Please reach out to me – I am happy to send you the video of Waterfront Landings which captured more than one buyer potentials for this building.  We have lots of ideas for you and look forward to sharing them with you!  Courtney Cooper | Molly Cartwright  206-850-8841 courtney@cooperjacobs.com | Cooper Jacobs Group powered by Keller Williams North Seattle. 

Looking For Affordable Luxury Living In Belltown?

Cristalla Units For Sale – #1805 Listed!Cristall condos for sale in Belltown.

Cristalla is located at 2033 2nd Ave in Belltown and considering that there is a unit for sale in the building for $3,999,000, this one for $550,000 is a great way to live among the affluent without breaking the bank. This means you get the same amenities as other homeowners in Cristalla without paying millions. That’s no fluke either!  There are two Cristalla condos for sale for over three million dollars right now and four listed for over one million dollars.  Rarely do they come up in the $500,000 and under price range, so let us know when you can see it.

Cristalla Condominiums  are famous for luxury Seattle living, resourceful amenities and helpful 24-hour concierge service. One parking spot, storage, and close to restaurants and shops. A nearly a perfect 100 walk score to enjoy Pike Place, Sculpture Park, SLU or downtown.  If you are looking for Downtown Seattle condos for sale or Belltown condos for sale, then this is a great place to check out. It’s also a smart investment without a rental cap.

Cristalla is famous for luxury living, resourceful amenities and helpful 24-hour concierge service. A sweet one bed, one bath unit on the 18th floor with amazing views on your private balcony. Beautiful cherry cabinetry and hardwood floors throughout accompanies a fantastic floor plan. A smart investment without a rental cap. One parking spot, storage, and close to restaurants and shops. A nearly a perfect 100 walk score to enjoy Pike Place, Sculpture Park, SLU or downtown. A perfect spot!  $550,000

Listed by Courtney Cooper and Molly Cartwright with Cooper Jacobs Real Estate Group at Keller Williams North Seattle. Call if you would like a private showing:  206-850-8841/206-841-6800

Seattle Real Estate: What Are People Looking For?

Seattle real estate seller  and curious about how hot your market is?Web01

I always like to start with the internet search data to see what it is people are looking for compared to other segments of the market. For instance, Seattle floating homes  and Seattle waterfront homes are a particularly hot market, but when you look at it overall compared to other segments of the Seattle real estate market, you get an idea of how truly hot Seattle’s market is.  Here is a comparison of searches  over the last 90 days using just a few keywords or key phrases so you can get an idea of how often people are searching for certain types of Seattle properties….

If you want to see what is for sale in these categories, you can look at Seattle properties for sale here:

Seattle homes for sale | Seattle condos for sale | Seattle Houseboats

Call/Text Molly or me if you would like to learn more or drill down to some additional numbers. We are happy to help 206-841-6800 or homes@cooperjacobs.com

Seattle Luxury Market $5M + This Year Vs. Last Interesting Points

Seattle Luxury Market $5M + This Year Vs. Last:   Should we be concerned?

Looking at the Seattle luxury homes market for only single family residential properties that are listed for $5,000,000 or more, there has only been one sale that has closed this year!  In Laurelhurst,  a Seattle waterfront home located at 4911 NE Laurelcrest Lane was listed for $9,998,000 and sold for only $8,850,000 in March of this year. At face value this stat alone would likely be cause for concern for property owners contemplating selling their higher caliber Seattle homes.

Since the Seattle real estate market overall is on absolute fire, you have to dig deeper to see what is going on. This property closed in March. One sale in Seattle for over $5 million dollars this year so far.  How does that compare to last year? There were seven single family residences that sold for over $5,000,000 in the city of Seattle all of last year. All seven of these Seattle luxury homes – over $45 million in sales –  closed between 5/31/2016 and 7/14/2016.  You can see details of the sold Seattle luxury homes of 2016 here: seattle luxury homes 2016 .  It is interesting to look at the individual stats for them.  The average days on market for all seven in 2016 was 142 days with a range of 13 days to 368 days. The average sales price to list price ratio is 97.43% with a range of 89.57% to 122.11%. Only one Laurelhurst waterfront home in the list of sales went for over the list price of $4,750,000 with a final closing price of $5,800,000 in only 13 days. Another on the list across the water from Laurelhurst – one of the Broadmoor homes for sale sold for full ask in just 16 days.

Fast forward back to 2017 and where we are now.  There are 14 actives in the MLS for single family residential homes asking over $5,000,000. They range in price from $5,395,000 to $15,000,000 with a median price of $7,725,000.  The cumulative average days on market is 248 wth a range of 6 days to 709 days.  Six of these homes will need to sell between now and July 14th to catch us up to 2016 numbers. On the list, there are only two of these Seattle luxury homes that have reduced their price.  Oddly enough they are both in Queen Anne. One has dropped significantly from $7,500,000 to $5,395,000.  It has been on the market for 709 days.  The other is also a Queen Anne home for sale which has dropped their price form $7,500,000 to $6,895,000 and has been on the market for 216 days.

Back to my question – Should we be concerned with regards to the 2017 Seattle luxury home market?

My answer:  not yet.   We need to keep an eye on this.  If we catch up tot 2016 numbers and then sell our all 14 of the current listings then we are going to be pulling down much bigger numbers for 2017 and this should be encouraging for those thinking about selling. This should be the trigger if you are on the fence about selling. The buyer pool once you cross the $5 Million dollar threshold is much smaller so if our market has grown to be able to support 14 sales in one year to high net worth individuals for over $5,000,000 then this is cause to be recognized as a major achievement in the market.

Need help selling your home?

If you are thinking about buying or selling a Seattle area home, please let us know how we can be at your service.  Our team of brokers is reliable and honest and we work hard for you.  Our goal is to meet and exceed your goals.  homes@cooperjacobs.com call/text 206-850-8841

Magnolia Flip Opportunity: Earn Sweat Equity Now

Magnolia homes for saleLawtonwood Homes – Ever heard of this Discovery Park neighborhood in Seattle’s Magnolia area? (SOLD)

Magnolia is a fabulous Seattle neighborhood and there are many reasons why.  Magnolia draws residents in with incredible attractions such as endless beauty, salty sea air, and of course, Discovery Park.Many people don’t know about a neighborhood in Magnolia which is pretty much surrounded by Discovery Park:   Lawton Wood. Molly and I recently listed an estate in Lawtonwood which has a lot of upwards potential and would be a great opportunity for an investor or someone looking at ways to earn sweat equity in a neighborhood with a lot of bang for buck.

Links for you to learn more about other Lawtonwood homes for sale in Magnolia:

Magnolia Homes For Sale

Fantastic opportunity awaits! 16,220 sq ft of property in coveted Lawton Wood. Tucked away in a magical Magnolia neighborhood, this home is perfect for someone with vision to make it their own. Set back from the street, this stately circular driveway leads you to a world of possibilities. Wonderful exposed beamed ceiling in the living room accompanied by a wood burning fireplace. 3 beds/two bath, fenced yard. Additional garage/shop or turn it into a cozy cottage. A great find indeed! $998,000

Call/Text Molly Cartwright 206-841-6800 We are Magnolia Realtors and we look forward to helping you. 

Wedgwood Homes For Sale: 3100 Sq Ft $650k Just Listed!

Just listed in Wedgwood! Creek Side Living in NE Seattle!Wedgwood homes for sale

ne seattle homesLooking at NE Seattle homes for sale?  Then you won’t want to miss this gorgeous nature lover’s home that we just put on the market this morning!

Incredible creek side in city oasis offers extensive grounds & beautiful natural settings – peaceful living while still being conveniently surrounded by all of the amenities of sought after Wedgwood! Open design main floor is an entertainer’s dream w/ beautiful slab granite island & sleek cherry cabinets + all appliances stay. Luxurious Master Suite you won’t want to leave, 3 additional bedrooms, loads of storage/extra spaces that will delight & surprise you + THREE car off street parking!  $650,000  (SOLD for well over list with multiple offers)

More info:

Find all Wedgwood MLS listings from all Wedgwood Realtors here:

Wedgwood Homes For Sale

Find all NE Seattle property listings from all NE Seattle Realtors:

 Northeast Seattle Homes For Sale

Features

Bath Off Master, Double Pane Storm Windows, Dining Room, High Tech Cabling

Schools:

Wedgwood Elm, Eckstein Middle, Nathan Hale High School

Additional Informationwedgwood homes for sale

  • Property DescriptionCable TV, Deck, Partially Fenced, High Speed Internet
  • Taxes$6,176
  • WaterfrontCreek
  • ViewTerritorial
  • Lot Size0.21 Acre (9,152 SqFt)
  • ExteriorWood
  • Heating/CoolingForced Air, Radiant
  • RoofComposition Roof
  • FlooringCeramic Tile Floor, Hardwood Floor, Wall to Wall Carpet

Seattle Floating Homes: The Shelby Dock Located at 1213 E Shelby St

Welcome to The Shelby Dock In Seattle’s Portage Bay!The Shelby Dock

1213 E Shelby St,

Seattle, WA 98102

The Shelby Dock is well appointed at the end of Shelby Street on the North side of Capitol Hill in Portage Bay. There are nineteen Seattle floating homes on The Shelby Dock and it is a great place to live if you would like to belong to a wonderful community with a well run co-op and friendly neighbors.

Some of the cool features about the Shelby Dock in Portage Bay:

Beautiful waterfront private garden at the head of the dock

Handy dock carts

Three parking spots for loading and unloading

Prime Capitol Hill waterfront property

Easy access to both Lake Washington and Lake Union

Moorage for your companion boat is available on the dock – at your home or in one of the dock community moorage slips

Thoughtful, but not overly restrictive rules regarding remodeling, etc. so that the entire dock can enjoy the ongoing charm of the dock

Storage on land building for each home, plus gardening tools

Recent Seattle Floating Homes Sales On The Shelby Dock:1213 e shelby st

#6 –  1 BR/1 Bath 777 sq feet $700,000 – outer slip  July 2016

#12 – 1 BR/1 Bth 840 sq ft $725,000  – outer slip  June 2016

#7 – 1 BR/1Bth  $675,000 – inside slip  July 2016

 What’s for sale now on this charming Portage Bay floating home dock?

1213 E Shelby St #2  $925,000   1215 Sq FT  2 BR/2 Bth (SOLD)

1213 E Shelby St #13  $945,000 1250 Sq Ft 2 BR/1.75 Bth m(SOLD)

Please let us know if you would like to learn more about The Shelby Dock or if you would like to see available Seattle floating homes for sale on the dock.  Molly and I are happy to show you!  206-841-6800 / 206-850-8841  houseboats@cooperjacobs.com

Commercial Real Estate Focus: Improving Tenant Satisfaction

Tenant Satisfaction Is Key To Asset Performance

Making sure that tenant satisfaction is on the higher end of the scale is one way to improve the bottom line of your asset.

Turnover in commercial real estate costs money and ultimately has longer term effects on your asset’s return depending on length of vacancy and other factors.  The overall costs of procuring a new tenant can balloon in comparison to keeping an existing one happy so commercial real estate tenant satisfaction should be at the top of any building owner’s list of priorities.  Make sure you have a commercial real estate broker who also shares this philosophy and pay them handsomely for a job well done. It’s worth it.

Don’t believe it?  The numbers can be stunning. The lost rental income alone can be devastating on a building’s CAP rate, but then add in other less obvious costs of getting a new tenant in such as leasing commissions, tenant improvements (TIs), constructions time of improvements, and even tenant attracting perks like free rent.

Be Actively Involved in Commercial Real Estate Tenant Satisfaction

Instead of being passive and losing a tenant who is dissatisfied – or even not satisfied enough, have your commercial real estate broker actively combat vacancies.  They should be able to look at all contributing tenant satisfaction factors plus be able to  “crunch the numbers” to come up with a creative tenant retention program that can truly add to your bottom line.  The commission involved in hiring the right commercial broker is irrelevant if it can save you half a million to a million dollars in losses or add to your bottom line potential.

Some of the considerations your broker should have a grasp on regarding commercial real estate tenant satisfaction:

  • A good working knowledge of how to set realistic tenant expectations by first finding out what their perceived value of the property is – what are their prioritized needs?
  • Creating an image or package of value and increasing the value proposition for future and current tenants through an active campaign
  • Top notch management and maintenance services should be hired by your broker – crucial
  • Keeping tabs on future company plans for each tenant which may affect long term tenancy.
  • Making sure that tenants are recommending the building to outside prospects.

About Our Commercial Division: Cooper Jacobs Real Estate Group has a thriving commercial division.  With offices in Portland and Seattle as well as Commercial Associates in California, Idaho, New York, Maryland, Pennsylvania, Hawaii, Alaska, New Jersey, Florida, Texas, Colorado, Arizona, Nevada, Connecticut, Massachusetts, New Hampshire, Virginia, Delaware, and Minnesota, we offer full service for all your commercial real estate needs including creative marketing and listing services.

Seattle Commercial For Sale | Portland Commercial For Sale

commercial@cooperjacobs.com

Seattle Floating Homes For Sale – Houseboats Holiday?

Seattle Houseboats For The Holidays – Flo Villa Floating Home

Seattle houseboats for sale

If you are interested in living on one of our city’s gorgeous Seattle houseboats then there are only two choices available in the Seattle floating homes real estate market.

There are two Eastlake floating homes for sale currently in the MLS.  One is on the Flo Villa dock and the other is on Wards Cove.

These Lake Union floating homes for sale range in price from $775,000 to $3,295,000 and are quintessential examples of Seattle Houseboats Living℠ and waterfront living in Seattle overall for that matter. What better way to live closer to the water than Afloat In Seattle™ anyway? Let’s look at one of our current favorite Seattle floating homes on the lake.  This gorgeous remodeled Lake Union floating home resides on the Flo Villa dock at 2207 Fairview Ave E in Seattle’s Eastlake neighborhood.  Moorage is secured and with dock approval you may be able to add a recreational boat as well. This gorgeous home was recently listed at $775,000.

2207 Fairview Ave E #11 From the MLS listing description:

The iconic lifestyle you have only dreamed about! Located in Eastlake’s enclave of floating homes, this mid-dock light and bright Lake Union beauty is completely remodeled with an open floor plan featuring 1 BR + flex space, vaulted ceilings, bamboo fl, & new kitchen! Enjoy cozy extras like heated bathroom floor, new electrical, plumbing, windows & insulation. Enhanced further only by the timeless willow tree that also resides here, this home has a great relationship w/ the lake.

  • 1 Bedroom (there is room to add a second bedroom if desired)
  • 1 BathSeattle Houseboats
  • 832 sq feet
  • Built in 1918 but completely remodeled
  • Annual taxes $1,042
  • Bamboo floors
  • radiant heated floors in bath
  • new kitchen
  • newer windows, roof, etc.
  • lots of energy efficient choices went into the upgrade of this one
  • new electrical and plumbing
  • vaulted ceilings
  • open floor plan
  • well organized dock
  • securely owned moorage

We are Seattle Houseboats Realtors and Your Seattle Floating Homes Experts:

We would love to show you this beautiful and thoughtful floating home.  Would you like to see this floating home or are you curious about learning more about Seattle houseboats on Lake Union or Seattle Waterfront Living℠? We would be happy to tell you all about it and show you some of our favorite spots around the lake, including this gem on the Flo Villa dock.

Molly Cartwright | 206.841.6800  | molly@cooperjacobs.com

Courtney Cooper | 206.850.8841 | cc@cooperjacobs.com

©Cooper Jacobs Real Estate