Seattle Condo Review Downsizers Guide

Condo

Avg 2BR Square Footage

Amenities

Two bedroom Price/Sq Foot

Why you may like it

Avenue One (116 units)

1,134

Concierge service, owners lounge with outdoor deck, fitness center, guest suite, and rooftop deck.

$499.10 (1 sold in 2011) $453.10 (2 sold in 2012)

Price and location.

Cosmopolitan (250 units)

1,284

24-hour concierge service, guest suite, business center, conference room, owners lounge with outdoor deck, fitness center with sauna and hot tub, and rooftop terrace.

$369.65 (6 sold in 2011 $391.40 (3 sold in 2012) Note: Half of the sales in 2011 were either bank owned or short sales which put some price pressure on nondistressed homes pricing.

If you dont have the budget for building like Escala or Cristalla, Cosmopolitan is a good alternative to live in downtown Seattle. It has all the essential amenities that you can enjoy and still allows you to experience urban living.

Cristalla (191 units)

1,281

Concierge, owners lounge with outdoor deck, conference room, theater, fitness center, yoga studio, sauna and hot tub, roof top deck, and dog run.

$441.85 (5 sold in 2011) $370.53 (1 sold in 2012)

Smaller version of the Escala with more scaled down amenities but has great curb appeal and a small piece of history to the building.

SeattleCondoReview.com by Wendy Leung

August 2012

Condo

Avg 2BR Square Footage

1,416

Amenities

Two bedroom Price/Sq Foot

$561.23 (14 sold in 2011) No resale in 2012

Why you may like it

Enso (134 units)

Concierge service, fitness center, guest suite, and owners lounge with outdoor deck.

Right across from 2200 Westlake Whole Foods. It has quality finishes and nice large windows.

Escala (269 units)

1,692

Concierge, semi-private or private elevators, courtyard, spa with treatment rooms, fitness center (stationary lap pool, yoga studio, and steam rooms), private theater, wine cave dining room and wine cellar, full kitchen, restaurant area and bar for meetings or events, high speed internet in common areas, dog run, and car wash.

$498.69 (24 sold in 2011) $471.69 (28 sold in 2012)

All around a great condo with a very centralized location, comprehensive amenities, large square footage, generous sized balcony, and reasonable price per square foot.

Fifteen TwentyOne (143 units)

1,887

Concierge service, conference room, rooftop terrace owners lounge, fitness center with spa facilities, Yoga and Pilates studio, wine cellar, exclusive work studios, playroom (children), bike storage, and pet area.

$882.06 (17 sold in 2011) $791.72 (17 sold in 2012)

Views, views, views! If you are a big fan of views, this is one building that you definitely should check out. Yes, the average price per square foot is higher than most of the condos listed here but if you asked the residents, they will tell you its worth it.

SeattleCondoReview.com by Wendy Leung

August 2012

Condo

Avg 2BR Square Footage

Amenities

Two bedroom Price/Sq Foot

Why you may like it

Gallery (233 units)

1,163

Concierge service, owners lounge with kitchen, business center, conference room, guest suites, fitness center with a yoga studio, club lounge and rooftop deck.

$383.82 (1 sold in 2011) $463.55 (4 sold in 2012)

Price and nicely laid out 2 bedroom floor plans. It has more and nicer amenities than the Parc and Avenue One.

The Parc (185 units)

1,111

24-hour concierge, owners lounge, guest suite, fitness center, and rooftop Note: 4 out of 6 sold in 2011 deck. were short sales. Both units sold in 2012 were short sales.

$369.38 (6 Sold in 2011) $373.76 (2 sold in 2012)

Price and location near sculpture park.

SeattleCondoReview.com by Wendy Leung

August 2012

Hotel Condo

Avg 2BR Square Footage

1,385

Amenities

Two bedroom Price/Sq Foot

$361.08 (3 Sold in 2011) $338.55 (4 sold in 2012)

Why you may like it

2200 Westlake/ Pan Pacific Hotel (261 units)

Condo amenities: Concierge service, theater, conference room, club room, game room, guest suite, fitness center with hot tub and sauna, roof top terrace Hotel amenities: Housekeeping, room service, spa, etc.

Amazonians who wish to commute only by foot and prefer all the conveniences right at the foot of their building. This condo has all the essential amenities at a lower price per square foot than other hotel/condo combo.

Four Seasons (36 units)

3,323

Condo amenities: 24-hour concierge, spa, infinity edge pool, outdoor fireplace, and fitness center Hotel amenities: Room service, dry cleaning, spa, fitness center, and restaurant.

None (2011) None (2012) Note: As of 08/16/2012, record shows that there hasnt been any sale in 2011 or 2012 for two bedroom units. However, 7 units are currently listed for an average price per square foot of $1,386.88.

This condo is for well heeled buyer who is looking to own a famous hotel that provides world class service.

SeattleCondoReview.com by Wendy Leung

August 2012

Hotel Condo

Avg 2BR Square Footage

1,717

Amenities

Two bedroom Price/Sq Foot

$654.83 (2 sold in 2011) No unit sold in 2012

Why you may like it

Madison Tower/ Hotel 1000 (47 units)

Condo Amenities: Private lobby, concierge, spa, virtual golf system, fitness center, conference room, exclusive roof top terrace, and dog run. Hotel amenities: Business center, library, valet parking for 2 cars, 24hour room service, housekeeping, spa service, and private chef service. Condo amenities: Separate entrance for residents with 24-hour concierge, private, owners lounge, outdoor terrace, dog run, billiards room, gas grills, caterer's kitchen, and entertainment room. Hotel amenities: Room service, housekeeping, valet parking, coffee and wine bar, restaurant, meeting rooms, hotel rooms and event catering, dry cleaning, spa, 65 foot lap pool, jacuzzi, fitness center, yoga, Pilates and aerobic workout studios .

Ideal for buyer looking for a more low profile, boutique hotel/condo combo with all the essential amenities and large square footage home.

Olive 8/ Hyatt Hotel (229 units)

1,503

$596.14 (13 sold in 2011) $564.91 (4 sold in 2012) In 2011, Olive 8 had more homes sold on higher floors than 2012 which resulted in a slightly high price per square foot in 2011.

High quality finishes with hotel amenities without the exorbitant price tag of the Four Seasons.

SeattleCondoReview.com by Wendy Leung

August 2012