Looking for Belltown Gallery Auction Results? The Gallery Auction has long been one of Belltown's most anticipated events.  It was astounding to witness the sheer volume of dollars that were spent on these places! 

Gallery Auction results surprising for many!  It was extremely interesting to see the mass exodus of hopeful would be Gallery Auction bidders who thought they might get a steal. There were some good deals last night, but nothing I couldn't have negotiated up front in a normal purchase and sale without the pressure of the auction itself.  It just goes back to my earlier statement:  "Do not be afraid to put in an offer that may not be socially acceptable."  In the case of the Gallery before the auction, they may have taken it based on auction result numbers I saw last night.

So here are the Gallery Auction results as I recorded them personally, so I should put in a disclaimer that I am human and may have made a mistake.  By the way, these are in auction bid order:

Unit      SQFT    Previous Price       Min Bid        Winning Bid Amt

1020     1438         $995,200          $449,000         $735,000

1103     1226         $895,990          $499,000         $650,000

920       1438         $995,200          $449,000         $607,000

820       1438         $990,200          $449,000         $592,000

720       1438         $923,400          $449,000         $588,000

903       1226         $895,990          $499,000         $621,000

703       1226         $795,900          $449,000         $548,000

1102     1301         $924,600          $449,000         $566,000

1002     1301         $887,500          $449,000         $564,000

702       1301         $810,700         $375,000          $547,000

1006     1066         $736,990         $325,000          $450,000

906       1066         $731,990         $325,000          $440,000

706       1066         $649,990         $325,000          $419,000

402        961          $573,400        $245,000          $412,000

1107      883          $636,500        $295,000          $462,000

1104      880          $619,990        $295,000          $455,000

1004      880          $573,200        $295,000          $413,000

1117      672          $504,500        $225,000          $380,000

1118      771          $509,990        $225,000          $344,000

1017      672          $467,600        $195,000          $338,000

1018      771          $499,990        $225,000          $337,000

618       845          $484,000        $215,000          $347,000

507       883          $466,300        $195,000          $282,000

407       883          $440,700        $195,000          $277,000

1111     603          $448,800        $225,000          $326,000

1011     603          $427,800        $215,000          $330,000

1115     586          $428,000        $225,000          $321,000

1015     586          $400,100        $215,000          $318,000

715      603           $365,100        $215,000         $310,000

620      843           $481,300        $225,000         $331,000

420      843           $467,800        $225,000         $289,000

1112    603           $426,400        $195,000         $301,000

1114    603           $425,000        $195,000         $300,000 

1012    603           $413,800        $195,000         $297,000

612      603           $368,100        $195,000         $280,000

721      605           $388,700        $195,000         $243,000*

403    1160           $694,990        $399,000         $434,000

201    1116           $658,000        $335,000         $384,000

624      699          $410,700        $195,000          $300,000

424      699          $400,000        $195,000         $284,000

521      836          $423,800        $195,000           ***

421      836          $420,800        $195,000           ***

623      791          $424,500        $195,000           ***

423      791          $397,500        $195,000           ***

*In my opinion, the winning bidder for unit 721 probably got one of the best deals of the day.  Although the unit is right next to the owner's lounge and I have heard that there is quite a bit of horizontal sound traveling in Gallery, this was a phenomenal price to get into that location!

*** At this point, I had to accompany my bidder out of the room, but I will update later with results from the last four auction results.

Gallery Auction Results Wrap Up -

Overall, I would say Gallery raked in far more dollar per square foot than I would expect them to have.  I would say this proves that Seattle real estate is alive and well and that Belltown real estate is still moving!  The condo market has definitely changed and we will be seeing more of these types of sales in my opinion based on the backlog of inventory.