Update: New Construction Condo Inventory
The last time we checked in on new construction condo inventory was back in July, and before that in May. In May inventory looked to be 75% sold, then the needle shifted to 77% in July, and now the properties tracked in this list are 81% sold in all.
As for what’s gone down the past three months? Approximately 74 condos have closed across all the properties and there’s a fair amount of “sold out” in the air. 1350 Alki sold out in August, Trace Lofts officially closed its last developer-owned unit in September, and more recently Gallery and Trace North each have a single unit pending before ka-blam-o! Sold out. And let’s not forget Enso with one condo remaining to sell.
1350 Alki — 100% Sold
(10 Total Units, 10 Closed, 0 Pending, 0 Available)
200 West Highland — 100% Sold
(25 Total Units, 25 Closed, 0 Pending, 0 Available)
5th and Madison — 100% Sold?
(126 Total Units, 126? Closed, 0 Pending, 0? Available)
Brix — 100% Sold
(141 Total Units, 141 Sold, 0 Pending, 0 Available)
The Danielle — 55% Sold
(31 Total Units, 17 Closed, 2 Pending, 12 Available)
The Decatur — 86% Sold
(146 Total Units, 125 Closed, 1 Pending, 20 Available)
Eleven Eleven East Pike — 81% Sold
(27 Total Units, 21 Closed, 2 Lease Option, 1 Pending, 2 Available)
Enso — 97% Sold
(134 Total Units, 130 Closed, 3 Pending, 1 Available)
Escala — 42% Sold
(265 Total Units, 112 Closed, 25 Pending, 128 Available)
Fifteen Twenty-One Second Avenue — 81% Sold
(143 Total Units, 116 Closed, 2 Pending, 25 Available)
Four Seasons Private Residences — 69% Sold
(36 Total Units, 25 Closed, 0 Pending, 11 Available)
Gallery — 99% Sold
(233 Total Units, 232 Closed, 1 Pending, 0 Available)
Hjarta — 67% Sold
(79 Total Units, 53 Closed, 1 Pending, 25 Available)
Harvard and Highland — 74% Sold
(38 Total Units, 28 Closed, 0 Pending, 10 Available)
Marselle — 73% Sold
(132 Total Units, 96 Closed, 4 Pending, 32 Available)
Olive 8 — 64% Sold
(229 Total Units, 146 Closed, 4 Pending, 79 Available)
Trace North — 99% Sold
(100 Total Units, 99 Closed, 1 Pending, 0 Available)
Trace Lofts — 100% Sold
(42 Total Units, 41 Closed, 0 Pending, 0 Available)
VEER Lofts — 100% Sold
(100 Total Units, 100 Closed, 0 Pending, 0 Available)
Things you should know:
- The numbers only include inventory of new sales in these buildings, some may very well have resales on the market that aren’t reflected.
- % Sold = Closed/Total
- There’s a ? next to 5th and Madison because we still think there might be a developer-owned property in there but don’t really know for sure.
- Numbers for Escala and Danielle are my best guess-timations since JLS never got back to me. If you have more accurate numbers then by all means chime in.
- Also, Decatur is no longer under the Realogics umbrella so those numbers are a best guess as well.
Disclaimer: Olive 8, Eleven Eleven, 1521, and Trace North are Urban Living advertisers.