Madrona & Leschi Real Estate Recap: November

Featured Leschi listing - 832 31st Ave. S - $1,250,000

Featured Leschi listing – 832 31st Ave. S – $1,250,000

November was a slow month for home sales in Madrona and Leschi with only 11 completed sales, down from 17 in October, but the median sales price for both neighborhoods combined was up an impressive 22 percent over the month, from $619,950 in October to $760,000 in November. On a yearly basis, median sales price was up nearly 10 percent.

Sellers continue to get good returns on their properties, with eight of the 11 homes sold selling for at or above listing price, and the highest list-to-sales-price ratio at 116 percent. It should be noted that three of the properties sold for asking price in Leschi were new-construction townhomes in the same development. Of the three properties that sold for below asking, the seller with the lowest list-to-sales price return still received 95 percent of their asking price. The most expensive sale of the month was a renovated 1909 home in Madrona that sold for $1,011,000; and the lowest sales price was $619,950 for one of the new construction town homes mentioned previously.

Currently there are 11 homes for sale in the two neighborhoods, with prices ranging from $735,000 for a classic Craftsman in Leschi to $2,880,000 for a “villa” style estate in Madrona.

If you are considering buying or selling a home in Madrona or Leschi, or if you would like more information about Seattle’s real estate market in general, please contact me!

Kristine Losh  |  206.953.6786  |  klosh@ewingandclark.com

Madrona Community Council Meeting Tonight, 12/1

MCC

Come meet with your neighbors and Madrona Community Council members tonight, December 1st, to discuss community issues and upcoming events. The meeting begins at 7:15 p.m. at the Madrona Playfield Shelterhouse. Here’s the meeting agenda for tonight:

  • Recap of Annual Wine Tasting/MCC Fundraiser
  • Discussion of the 40th annual Madrona Mayfair. Please come with ideas for special activities to commemorate this anniversary event for the neighborhood.
  • General community updates including: SDOT request for a traffic-speed study on 34th Avenue, an update on SDOT traffic plan along Union Street (comments from the SDOT/BRT Open House in November), discuss lighting plan – SDOT replacement plan for acorn lights in the Madrona Business District, results of Madrona PTSA grant for reader board on Union, and an update on the stage project at Madrona Park.
  • Budget Report
  • New Business

The Madrona Shelterhouse is located at 3211 E Spring St. Hope to see you there!