Like many major metropolitan areas across the country, Seattle is seeing a resurgence in downtown life, and recent near-record sales of luxury properties show that buyers remain confident in the value of living in Seattle.
"As we continue to press through the Covid-19 pandemic, the resurgence of Seattle and its real estate market in the downtown core is becoming more and more apparent,” says Scott Wasner, co-founder and executive vice president of Christie’s International Real Estate Seattle. “In the last four months, I have orchestrated two of the most significant sales the city has seen since 2020. These sales, along with others, showcase the growing demand for in-city residences as astute buyers see the current and long-term value of a downtown property.”
Since July, Wasner has closed on two spectacular penthouses in Escala, one of Seattle’s most exclusive condominium towers, located at 1920 4th Avenue. The first, in July, was penthouse #3102, a 4,522 sq. foot residence that sold for an astounding $7 million - the highest residential sale price in Seattle since October 2020. “This penthouse has arguably the best views in the city - water, city, and mountain,” Wasner says. The three-bedroom penthouse takes advantage of its superior location with floor-to-ceiling windows throughout and three incredible terraces to enjoy the breathtaking vistas. “The level of stonework, woodwork, and cabinetry found throughout is also second to none.”
On the heels of penthouse #3102 came the sale of Escala’s penthouse #3002 in early October for an impressive $6,625,000. This 4,500-sq.-ft. residence is a brand new residence that offers a posh, downtown living experience. It was designed with a flowing floor plan that takes advantage of its incredible city and water views and features a distinctive style that uses a masterful blend of wood, marble, and porcelain from around the world along with state-of-the-art lighting, appliances, and technology.
“The robust and diverse economics of the region, including the significant involvement of many iconic global brands, continues to attract buyers from out of state as well as overseas,” Wasner continues. “The revitalization of many of the city’s cultural attractions is certainly helping the real estate market too. Restaurants, bars, and in-person sporting events have taken the main stage in bringing foot traffic back to the sidewalks of Seattle.”
“As an in-city resident, I have personally invested in Seattle and continue to bet on its future.”
For more information about luxury properties throughout Washington, please contact Scott Wasner at scottwasner@christiesrealestateseattle.com or 206-910-1410.
