Seattle Condos Market: Waterfront Landings Condo 2018 Wrap UpImage may be NSFW.
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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.
