Downtown Foreclosures For Sale in Seattle

Foreclosures in Downtown on SeattleHome.com are homes that are owned by a bank or lender. These are sometimes referred to as REO (Real Estate Owned), ORE, or bank-owned homes. Other foreclosures are sold at county auctions, which are riskier and require all-cash buyers.
In contrast, these bank-owned foreclosures are fairly straightforward and allow for bank financing. Even inexperienced buyers have access to bank-owned foreclosures. Our buyers have the option of an inspection period before closing the contract on a foreclosure. This allows the buyer a short-term "grace period" in case the property doesn't live up to their expectations.

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Downtown Neighborhood in Seattle

Downtown Seattle - The cultural and financial center of the region and the city, downtown Seattle covers about 1.7 square miles. With stunning views of Elliott Bay, it boasts towering offices, a vibrant shopping district of about 16 city blocks, and entertainment outlets that keep it active into the evenings and weekends. Famous downtown Seattle landmarks such as Pike Place Market and the Seattle waterfront ferry terminals gather plenty of locals and tourists alike. Downtown Seattle has a mix of classic and new construction condos in many price ranges.

Downtown, Seattle

Downtown is the central business district of Seattle, Washington. It is fairly compact compared with other city centers on the West Coast of the United States because of its geographical situation. It is hemmed in on the north and east by hills, on the west by Elliott Bay, and on the south by reclaimed land that was once tidal flats. It is bounded on the north by Denny Way, beyond which are Lower Queen Anne (sometimes known as "Uptown"), Seattle Center, and South Lake Union; on the east by Interstate 5, beyond which is Capitol Hill to the northeast and the Central District to the east; on the south by S Dearborn Street, beyond which is Sodo; and on the west by Elliott Bay, which is part of Puget Sound (an inlet of the Pacific Ocean).

Downtown Seattle, from the top of the Space Needle, circa 2005 (looking south). Beyond Downtown is the Industrial District.

Neighborhoods

Belltown, Denny Triangle, the retail district, the West Edge, the financial district, the government district, Pioneer Square, Chinatown, Japantown, Little Saigon, and the western flank of First Hill west of Broadway make up downtown Seattle's chief neighborhoods. Near the center of downtown is the Metropolitan Tract which is owned by the University of Washington; prior to 1895 it served as the location of the university's campus. Downtown is Seattle's finance and commercial maritime hub as well as its center of nightlife and shopping. The downtown shopping mall Westlake Center is connected to Seattle Center by way of a monorail.

Downtown Seattle at night

Landmarks

Downtown Seattle's Columbia Center has 76 floors, a greater number than any other building west of the Mississippi River; however there are taller buildings in Texas and California by height. (Smith Tower, in the older section of downtown called Pioneer Square, once held the title of tallest American building west of the Mississippi.) Other notable buildings are the Washington Mutual Tower, Two Union Square, Nordstrom’s flagship store, Benaroya Hall, the Seattle Central Library designed by Rem Koolhaas, and the main building of the Seattle Art Museum (built 1991, expanded 2007), the main facade of which was designed by Robert Venturi. Downtown parks include Westlake Park, Freeway Park, and Victor Steinbrueck Park. The Olympic Sculpture Park was completed on the Belltown waterfront in January 2007.

Downtown is also home to the landmark Pike Place Market, the oldest continually operating farmer's market in the United States and the core of activity in the area.

Looking south from Seattle Central Library

History

After abandoning 'New York Alki', the Denny Party moved across the then named Duwamish Bay in April 1852 to a low level marsh situated with a safe deep water harbor roughly located in the city's Pioneer Square district where they named their new frontier 'Duwamps'. In the late 1850s, present day Downtown Seattle became the main residential outskirts of the city. But after the Great Seattle Fire, the business district was moved here. Several of the city's hills around downtown were regraded starting around 1876.

Source Wikipedia

Downtown Market Statistics

Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Downtown. You can see the latest trends in pricing, affordability, supply and demand. We invest in this research so our clients always have the latest insights to make the best decisions with confidence. Below are the latest home pricing trends for Downtown based on zip code 98101.