Media Event – Jan 25 (11am-1pm) – Tour a Historic Church Converted to Town Homes

More Than a Century in the Making - A Historic Church is Now a Showcase for Modern Living; Sales Debut on Jan. 20 - Last Weekend Open House Spurred 500+ Tours; 10 of 12 Units Reserved for Priority Sales
 
Jan. 24, 2012 - PRLog -- A tour of The Sanctuary, a 12-unit residential conversion of the landmark (1906) First Church of Christ, Scientist atop Capitol Hill, will be hosted by key members of the development and marketing team on January 25, 2012 from 11:00am to 2:00pm.  
“This may well be the most unique residential opportunity ever offered for sale on the marketplace and is certainly the last new development to open for the foreseeable future,” says Dean Jones, principal of Realogics Sotheby’s International Realty, the listing broker.  “There’s no new for sale inventory in the downtown Seattle pipeline.  After six years of design and construction, The Sanctuary is the final chapter in a rather volatile development cycle.”

WHO – Interview the receiver, the designers, the brokers and buyers (by appointment)
WHAT – An inspiring, 12-unit townhome (adaptive reuse) development of a landmark church
WHERE – The Sanctuary / 1519 East Denny Way, Seattle atop Capitol Hill
WHEN – Media tours held 11am – 2pm, January 25, 2012 (or by appointment)
WHY – A project conceived with top-of-market confidence may sell at bottom-of-market prices

The Sanctuary may benefit from a point of inflection in the local housing market.  Recent statistics provided by the NWMLS and analyzed by Realogics Sotheby’s International Realty confirm that median home prices in downtown Seattle condominiums actually increased nearly 5% in 2011.  Total sales volumes increased slightly over 2010 but total inventory decreased some 50% including resales.  The overwhelming market response at The Sanctuary illustrates consumers may be returning to the marketplace.  To encourage sales, the receiver reset prices up to 45% below original asking prices from the low $500,000s to more than $1 million.  More information is available at www.LiveatSanctuary.com.

EDITORS: High-resolution photography of The Sanctuary and additional property information; please contact Michelle Poitevin at 206.448.5752 or email Michelle@Realogics.com.
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