Home / Seattle Condos / South Lake Union / Marselle / Marselle Raises Prices

Marselle Raises Prices

By Matt Goyer February 24, 2010

Marselle

As other buildings go to auction Marselle is raising prices:

Unit 204 went from $389k to $399

Unit 313 went from $399k to $439k

Unit 315 went from $299k to $309k.

There’s also been another listing that has increased it’s price recently. 1120 17th Ave #101 went from $274k to $277k.

I own and manage Urban Living, a boutique Seattle and Bellevue real estate brokerage. I love lofts, floating homes, new construction, and mid-century moderns, but I will help you buy or sell just about anything!

Get in touch to:

Understand the market
Find your perfect home
Sell your home

Contact:
[email protected]
206-203-6242

7 responses to “Marselle Raises Prices”

Chris says:

February 25, 2010 at 6:57 am

Who would pay that much to live right next to Aurora?
cameronrex says:

February 25, 2010 at 5:01 pm

Can't imagine. But maybe they are betting on the viaduct replacement going through as planned. I think when its done a new lid will have Marselle looking at a new green park (a new lid on that part of Aurora). But as that is not firm and years away I don't know who would risk it by buying there.
phil says:

February 25, 2010 at 10:01 pm

The tunnel is coming out further north and west. If they close Battery St Tunnel as planned, that road section pretty much goes away, unless used for local traffic. John St will reconnect east-west giving much better access to the surrounding neighborhood. Denny Park would now be just a block away, and Whole Foods about 4.

Of course it's still a gamble that the tunnel will go through as planned, with odds probably well in favor.
phil says:

February 25, 2010 at 10:04 pm

In case anyone is interested, here's the tunnel project map – http://www.wsdot.wa.gov/Projects/Viaduct/boredtunnelma...
lulo says:

February 26, 2010 at 10:58 pm

I've never seen a rendering of tunnel designs showing a new green space lid. The most current renderings (I believe there are 2-3 options) produced by the WSDOT show the tunnel aligning in all versions with Aurora. Phil is right that it will be further North by 2 – 3 blocks. Check out this WSDOT video where you can see Marselle in relation to what the Denny/Aurora/John grid will most likely look like: http://www.youtube.com/watch?v=rgtOTMJt-AI (skip ahead to 3min:09sec)
Condo Daddy says:

February 26, 2010 at 11:54 pm

It all boils down to desired absorption. 20 sales in the last six weeks is their claim. That is 3.3 sales per week. That seems like good not great absorption. My prediction is that sales will come to a crawl, down to 1 per week with price increases. Now if they were at 6-8 sales per week, then I'd raise prices. As far as people buying because of a potential lid, prices for condos abutting the viaduct didn't go through the roof and some of those would offer a spectacular difference. The location of Marselle, is not ideal. It wouldn't have even been permitted if it wasn't done so in the height of the market.
Condo Daddy says:

February 27, 2010 at 1:55 am

It all boils down to desired absorption. 20 sales in the last six weeks is their claim. That is 3.3 sales per week. That seems like good not great absorption. My prediction is that sales will come to a crawl, down to 1 per week with price increases. Now if they were at 6-8 sales per week, then I'd raise prices. As far as people buying because of a potential lid, prices for condos abutting the viaduct didn't go through the roof and some of those would offer a spectacular difference. The location of Marselle, is not ideal. It wouldn't have even been permitted if it wasn't done so in the height of the market.

Marselle Raises Prices

Ask Matt a Question

Ask us a Question

Keep your finger on the pulse each week