New Home Showcase
October 25, 2013
Downtown Seattle high-rise is nearly sold out
EscalaOpen daily by appointment at 1920 Fourth Ave., Seattle
From the mid-$900,000s
206-816-6300 or escalaseattle.com
SEATTLE — Those looking for a home in today's market are acutely aware of the shift into the seller's court, says Erik Mehr, whose firm handles sales at Escala, a downtown condominium high-rise.
According to the Northwest Multiple Listing Service, he says, there was a four-month supply of homes listed for sale in downtown Seattle a year ago. Today, that supply has dropped to less than two months.
"If Escala is where buyers want to live, they no longer have the luxury of time," says Mehr, principal of Erik Mehr and Associates. "Decisions are being made much quicker, and we're seeing that at every price point."
Escala is more than 90 percent sold and has fewer than 20 homes available for sale.
"Prospective buyers come into the building and experience the activity level — it really has a life of its own," Mehr says. "Homes are selling and values continue to increase."
Homes at Escala are priced from the mid-$900,000s. They have open floor plans and hardwood flooring throughout the dining, living and kitchen areas.
Features include Pedini cabinets, slab granite countertops, Kohler sinks and faucets, ceiling heights of at least 9.5 feet and floor-to-ceiling windows.
Homes on floors 20-29 have Thermador or Gaggenau stainless steel appliances, while all homes offer gas ranges and at least one covered terrace for year-round entertaining.
Building amenities include a fitness center, two stationary lap pools, five spa-treatment rooms, a screening room, a wine-cave dining room with adjacent bottle storage, a dog run, a car-wash bay and an outdoor terrace with barbecues and a gas fireplace.
Escala is located in downtown Seattle, between the retail core and the shops and restaurants of the Belltown neighborhood.
"There's not a lot [of downtown condominium inventory] that's move-in ready," Mehr says. "If new construction is a must, there's a finite amount of inventory. And no one can build another Escala — this is truly a one-of-a-kind community."
Content provided by Escala