Downtown Seattle’s most popular luxury condominium tower, Fifteen Twenty-One Second Avenue will feature several resale opportunities on tour this weekend on Saturday and Sunday, November 23rd and 24th from 1-4pm (or by appointment).
Realogics Sotheby’s International Realty was honored to represent this award-winning development since inception and now again with select resale opportunities including:
OPEN 1-3 PM: #1401 – $1,850,000 | 2bd/2ba + Den | 1,968 SF | 2 Parking | MLS #535122
OPEN 1-4 PM: #1701 – $1,700,000 | 2bd/2ba + Den | 1,968 SF | 2 Parking | MLS #567282
OPEN 1-3 PM: #1800 – $1,980,000 | 2bd/2ba + Den | 1,824 SF | 2 Parking | MLS #534859
BY APPT: #2602 – $1,485,000 | 2bd/2ba + Den | 1,729 SF | 1 Parking | MLS #483254
PENDING: #2103 – $1,675,000 | 2bd/2ba | 1,644 SF | 1 Parking | MLS #555344
SOLD: #2403 – $1,720,000 | 2bd/2ba + Den | 1,644 SF | 1 Parking | MLS #452121
The rebound in downtown housing as been a popular topic amongst local media with high-profile articles recently in The Daily Journal of Commerce suggesting that new construction presales are selling well after a five year hiatus. This imbalance of supply and demand was predicted years ago by Dean Jones, President of Realogics Sotheby’s International Realty as discussed in an op-ed printed by The Puget Sound Business Journal called the Condo Supply Squeeze, which was published on June 10th, 2011.
“The next development cycle has started but it will be a few years before we feel the benefit of this new supply,” said Jones. “In many ways, developers are playing catch up to a recovery that actually started more than a year ago. Savvy buyers have come off the sidelines realizing that timing the market has more to do now with securing preferred selection, locking in low interest rates and avoiding escalation in pricing ahead.”
More recently, Jones spoke with Seattle Business Monthly on camera to share his views on the state of the in-city housing market and his perceptions that a number the new residents relocating to downtown Seattle and choosing to rent initially will eventually make their way into a condominium, especially if interest rates remain low, rents keep rising and consumer confidence is strong.
A detailed market report about the state of the in-city housing market (for sale) can be found on the RSIR Blog.