{"id":3766471,"date":"2020-10-28T12:08:56","date_gmt":"2020-10-28T16:08:56","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=3766471"},"modified":"2020-10-28T12:08:56","modified_gmt":"2020-10-28T16:08:56","slug":"downtown-seattle-luxury-real-estate-reaches-near-record-sales-prices","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/downtown-seattle-luxury-real-estate-reaches-near-record-sales-prices\/","title":{"rendered":"Downtown Seattle Luxury Real Estate Reaches Near Record Sales Prices"},"content":{"rendered":"<p>With three recent near-record sales in one of the city\u2019s most prestigious condominium home buildings, it is clear Seattle\u2019s downtown luxury real estate market has not slowed despite market predictions earlier in the year. Christie\u2019s International Real Estate, Seattle is proud to have served as the dual agency for that trio of sales: Three residences within Four Seasons Hotel and Private Residences Seattle that captured the highest sales prices &#8211; a combined $24.7 million &#8211; in Downtown Seattle in 2020.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-3766478\" src=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/1920-4th-Ave-Unit-3102-2.jpg\" alt=\"Christie\u2019s International Real Estate - Seattle\" width=\"1600\" height=\"1067\" srcset=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/1920-4th-Ave-Unit-3102-2.jpg 1600w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/1920-4th-Ave-Unit-3102-2-300x200.jpg 300w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/1920-4th-Ave-Unit-3102-2-768x512.jpg 768w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/1920-4th-Ave-Unit-3102-2-1024x683.jpg 1024w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><span class=\"rtp-photo-credit\">Photo Credit: Christie\u2019s International Real Estate &#8211; Seattle<\/span><\/p>\n<p>As buyers across the country seek properties where they can weather the COVID-19 storm, those with long-term plans for city living have found such residences in Seattle\u2019s luxury high-rise condominiums. Full-service buildings offer privacy, safety, seclusion, and incomparable amenities, giving residents the capability to escape the city, while still being in the city.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-3766479\" src=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/1920-4th-Ave-Unit-3102-3.jpg\" alt=\"Christie\u2019s International Real Estate Seattle\" width=\"1600\" height=\"1067\" srcset=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/1920-4th-Ave-Unit-3102-3.jpg 1600w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/1920-4th-Ave-Unit-3102-3-300x200.jpg 300w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/1920-4th-Ave-Unit-3102-3-768x512.jpg 768w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/1920-4th-Ave-Unit-3102-3-1024x683.jpg 1024w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><span class=\"rtp-photo-credit\">Photo Credit: Christie\u2019s International Real Estate &#8211; Seattle<\/span><\/p>\n<p>\u201cBuyers are still committed to the downtown core,\u201d says Scott Wasner, co-founder and executive vice president of Christie\u2019s International Real Estate, Seattle. \u201cI\u2019ve been a luxury broker in Seattle for a number of years, and I remain confident in the overall long-term well-being of the region. Seattle has a lot to offer with its diversified business sectors and tax advantages &#8211; plus the city is regaining its vibrancy with the re-opening of restaurants, galleries and other establishments.\u201d<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-3766477\" src=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/1920-4th-Ave-Unit-3102-1.jpg\" alt=\"Christie\u2019s International Real Estate Seattle\" width=\"1600\" height=\"1067\" srcset=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/1920-4th-Ave-Unit-3102-1.jpg 1600w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/1920-4th-Ave-Unit-3102-1-300x200.jpg 300w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/1920-4th-Ave-Unit-3102-1-768x512.jpg 768w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/1920-4th-Ave-Unit-3102-1-1024x683.jpg 1024w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><span class=\"rtp-photo-credit\">Photo Credit: Christie\u2019s International Real Estate &#8211; Seattle<\/span><\/p>\n<p>That confidence is evidenced in both the expedient pace of transactions and prices of recent sales. Residence #1202 unit of Four Seasons, located at 99 Union Street, Seattle, went pending after only two days on the market. This 4,293 sq. foot residence has a near-record price-per-square-foot of $2,143, surpassed only by a Four Seasons penthouse sold by Wasner in late 2019. Remarkably, in July 2019, Wasner represented and sold the #1202 residence at the exact same price as this most recent sale. \u201cIt\u2019s incredible to see the price remain the same,\u201d explains Wasner. \u201cThis stability is extremely good news for high-end condominiums.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3766476\" src=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1502-2.jpg\" alt=\"Christie\u2019s International Real Estate Seattle\" width=\"1085\" height=\"723\" srcset=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1502-2.jpg 1085w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1502-2-300x200.jpg 300w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1502-2-768x512.jpg 768w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1502-2-1024x682.jpg 1024w\" sizes=\"(max-width: 1085px) 100vw, 1085px\" \/><span class=\"rtp-photo-credit\">Photo Credit: Christie\u2019s International Real Estate &#8211; Seattle<\/span><\/p>\n<p>Four Seasons #1502 residence, owned by the late Virginia Wright who was a philanthropist and significant art collector, closed for an impressive $9.5 million on October 16, 2020 after being on the market for only four months. This is just below Downtown Seattle\u2019s record sale of $10.6 million, a penthouse also represented by Wasner which closed nearly a year ago.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3766475\" src=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1502-1.jpg\" alt=\"Christie\u2019s International Real Estate Seattle\" width=\"1086\" height=\"724\" srcset=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1502-1.jpg 1086w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1502-1-300x200.jpg 300w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1502-1-768x512.jpg 768w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1502-1-1024x683.jpg 1024w\" sizes=\"(max-width: 1086px) 100vw, 1086px\" \/><span class=\"rtp-photo-credit\">Photo Credit: Christie\u2019s International Real Estate &#8211; Seattle<\/span><\/p>\n<p>The Virginia Wright residence is also a wonderful example of how Christie\u2019s many facets work together as a seamless team. \u201cWorking in tandem with Ellanor Roberts Notides, Christie\u2019s auction house\u2019s esteemed West Coast chairman, was an incredible advantage. Ms. Notides oversees private art collections for high-profile clients, and the joint marketing effort between the auction house and our real estate brokerage on behalf of the Wright family was unparalleled,\u201d says Wasner. \u201cThe Wright family was very pleased with the sale price of the home, how quickly it sold and closed and the extraordinary collaboration we had with the auction house.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3766474\" src=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1202-2.jpg\" alt=\"Christie\u2019s International Real Estate Seattle\" width=\"1086\" height=\"724\" srcset=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1202-2.jpg 1086w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1202-2-300x200.jpg 300w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1202-2-768x512.jpg 768w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1202-2-1024x683.jpg 1024w\" sizes=\"(max-width: 1086px) 100vw, 1086px\" \/><span class=\"rtp-photo-credit\">Photo Credit: Christie\u2019s International Real Estate &#8211; Seattle<\/span><\/p>\n<p>Luxury units sized 4,000+ sq. foot, large by Seattle standards, are becoming scarce in the downtown core as well. Escala, built in 2010 and located at 1920 Fourth Avenue, has two of the last remaining newly constructed penthouses in the Seattle luxury condominium market. Listed at $7,695,000 and $7,650,000, the two 4,500+ sq. foot Escala penthouses represented by Wasner and Christie\u2019s International Real Estate, Seattle are rare opportunities for buyers interested in new construction. \u201cThese types of luxury buildings are just not being built in Seattle anymore,\u201d says Wasner. \u201cIf a buyer is seeking a recently completed residence of this scale, these Escala units are their last opportunity.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3766473\" src=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1202-1.jpg\" alt=\"Christie\u2019s International Real Estate Seattle\" width=\"1086\" height=\"724\" srcset=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1202-1.jpg 1086w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1202-1-300x200.jpg 300w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1202-1-768x512.jpg 768w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2020\/10\/99-Union-St-1202-1-1024x683.jpg 1024w\" sizes=\"(max-width: 1086px) 100vw, 1086px\" \/><span class=\"rtp-photo-credit\">Photo Credit: Christie\u2019s International Real Estate &#8211; Seattle<\/span><\/p>\n<p>\u201cYou could sit back and wait for the election to be over or the pandemic to have a cure or you can live life!\u201d professes Wasner, who also lives in downtown Seattle. \u201cThe world keeps turning, and people keep seeing and seizing opportunities as they arise!\u201d<\/p>\n<p>For more information about luxury properties in Seattle and throughout Washington, please contact Scott Wasner at 206-910-1410 or scottwasner@christiesrealestateseattle.com.<\/p>\n<p><em>Click &#8220;Learn More&#8221; above to contact Christie\u2019s International Real Estate Seattle.<br \/>\n.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With three recent near-record sales in one of the city\u2019s most prestigious condominium home buildings, it is clear Seattle\u2019s downtown luxury real estate market has not slowed despite market predictions earlier in the year. Christie\u2019s International Real Estate, Seattle is proud to have served as the dual agency for that trio of sales: Three residences within Four Seasons Hotel and Private Residences Seattle that captured the highest sales prices &#8211; a combined $24.7 million &#8211; in Downtown Seattle in 2020.<\/p>\n","protected":false},"author":144,"featured_media":3766478,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,750],"tags":[19044,23254,17721,21364,21365,23255,15816,1580,19,16815,1143,14111],"class_list":["post-3766471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-real-estate-talk","tag-central","tag-central-real-estate","tag-christies-international-real-estate-seattle","tag-christies-international-real-estate-seattle-real-estate","tag-eastern","tag-eastern-real-estate","tag-haute-agent","tag-haute-residence","tag-seattle","tag-seattle-real-estate","tag-washington","tag-washington-real-estate","market-central","market-eastern","market-seattle-wa","market-washington"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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