2012 marked another remarkable year for Seattle’s luxury residential condominium market. The number of units sold, total dollar volume and price per square foot all rose over 2011. The values of the top ten condo sales also increased considerably compared to last year.
Sales of $1 million-plus Seattle condominium properties increased a modest 2.8% over 2011, from 71 to 73 units. However, the total dollar sales volume increased a sizable 14.4% from $105,709,480 to $120,888,880, while the average price per square foot rose 11.6% from $682 to $761. The average size of a millon+ dollar condo shrunk from 2,281 to 2,212 square feet.
Here’s a look at the Top Ten most expensive Seattle closed condo sales of 2012:
- Price range: $2,200,000 to $4,250,000
- Average price per square foot: $1,124
- Number of bedrooms: nine 2-bedrooms and one 3-bedroom
- Average size: 2,860 square feet
- Location: Downtown Seattle, Queen Anne & Leschi
#1 – Fifteen Twenty-One: $4,250,000
1521 2nd Ave #3800 | Downtown Seattle – 3,600 square feet, 2 bedrooms, 2.25 baths
#2 – Olive 8: $4,150,000
737 Olive Way #PH-1 | Downtown Seattle – 4,315 square feet, 2 bedrooms, 2.50 baths
#3 – Madison Tower: $4,000,000
1000 1st Avenue #2400 | Downtown Seattle – 2,850 square feet, 3 bedrooms, 2.25 baths
#4 – Fifteen Twenty-One: 3,600,000
1521 2nd Ave #3802 | Downtown Seattle – 2,778 square feet, 2 bedrooms, 2.5 baths
#4 – Fifteen Twenty-One: 3,600,000
1521 2nd Ave #3503 | Downtown Seattle – 2,658 square feet, 2 bedrooms, 2.25 baths
#6 – Fifteen Twenty-One: 3,300,000
1521 2nd Ave #3702 | Downtown Seattle – 2,600 square feet, 2 bedrooms, 2.25 baths
#7 – Meridian Tower: $2,400,000
1420 Terry Ave #2701 | Downtown Seattle – 2,657 square feet, 2 bedrooms, 2.25 baths
#8 – Habour House: $2,315,000
302 Lakeside Ave S #301 | Leschi – 2,781 square feet, 2 bedrooms 2.5 baths
#9 – Olive 8: $2,250,000
737 Olive Way #PH-2 | Downtown Seattle – 2,224 square feet, 2 bedrooms, 2.5 baths
#10 – 105 W Highland: $2,200,000
105 W Highland Dr #700 | Queen Anne – 2,140 square feet, 2 bedrooms, 1.75 baths
See also: 2011 Top Ten Seattle Condo Sales and 2010 Top Ten Seattle Condo Sales.
Source: NWMLS and King County public records
January 7th, 2013 at 10:52 am
Interesting how few luxury condos we have in Northern Nevada, most of our penthouses go for less than $1.5m. Yeah, we’re nowhere near seattle’s economy but our population is clost to 500,000. Over at my home country in Philippines, condos are just booming with Trump towers leading the way…shaky market right now, IMO.
-Joe