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The Madrona Real Estate market has remained steady this summer as compared to last year. The number of total sales are about equal: 19 sales in 2015 versus 20 sales for the same time period in 2016 (June through mid-August (when this was written)).  What has changed in a year is the rise in sale prices. For example, the highest sales price in summer of 2015 was $1,650,000.  This summer there are two sales over that amount, one home down on Lake Washington Boulevard sold for $3,500,000 and another on 36th Ave sold for $2,598,888.  The median sales price was at $1,077,500, a $248,500 rise from July of 2015. In both 2015 and 2016, homes tend to sell for their list price or above.

Central Seattle real estate, which includes Madrona but also includes the area from the Montlake cut to I-90 and from Lake Washington to I-5, is showing signs of strengths. The median year-to-date sales price is up from $829,000 (July 2015) to $1,077,500 (2016), and the average year-to-date is up from $924,950 (July 2015) to $1,310,000 (2016).  Thus, the strong real estate market is not only in Madrona but the surrounding areas as well.

Concerts in the Park

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Every Thursday in August head to the Madrona Playfield for the 2nd Annual MCC Concerts in the Park! On August 4th at 6pm look forward to Mud Junket. The six-piece band brings funky rhythms and tight harmonies to every set. Think of them as a trip to a friendly juke joint located musically someplace between New Orleans, Macon, Austin and Chicago. Kitten Patrol will be performing on August 11th at 6pm. A band of 5 young girls, ages 10-15, playing blues and soul. August 18th the local jazz vocalist, Katy Bourne will be bringing her fun loving personality to the park at 6pm. Katy and her band perform at nightspots, private functions and festivals throughout the Northwest. On August 25th at 6pm The Professors will close out the MCC Concerts for the summer. The electric blend of roots rock, alternative country, psychedelia, and rockabilly. The Professors have been molding minds since 2009 with their dance-worthy tunes from the 1960s to today. Bring a blanket and picnic dinner while enjoying these local musicians!

Google Comes to Seattle!

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Even though school is out for the summer, Leschi Elementary stayed very busy this month! From getting the garden prepared for summer planting, to giving the walls a new coat of paint, and cataloging the fiction books in the library. With the help from some Googlers and Seattle Works, the school was able to make all their projects a reality.

GoogleServe volunteers assisted the summer school participants with weeding, churning compost into garden soil, building trellises, and making a sustainable water bottle irrigation system! The library is also in order after their visit. They have recorded the fiction books into to the school catalogue, making access to the library resources easier for teachers. The school is organized, cleaned, and repainted. What a perfect way to start the 2016 school year!

Googlers volunteer all year, but in June they celebrate collectively during GoogleServe to help their favorite organization. The volunteer campaign has done over 800 projects nation-wide just this year! They will make their way back to Seattle next year, serving the community with helping hands once again.

This Weekend in Madrona

 

All around Seattle neighborhoods will be celebrating the end of spring and start of summer! The Madrona Community Council will be hosting the Madrona Neighborhood Garage Sale and Bike and Ball Drive this Saturday! The garage sale descriptions and map are available on Craigslist, Madrona Moms, and Nextdoor. You can also get a paper addition at Verite on June 17th and 18th.

The Bike and Ball drive is the perfect way to finish off spring cleaning! Rid your garage of all bikes, bike parts, and soccer or basketballs that aren’t being used. The event will take place at the Madrona Playfield from 10am-1pm. Bike Works is a 501(c)(3) non-profit organization in need of bikes in good condition, including 20” wheel BMX style bikes, 24” and 26” wheel mountain bikes, and road bikes of any size. Didi Burpee will be collecting soccer and basketballs to donate to Seattle’s World School.

Madrona Mayfair

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The annual Madrona Mayfair is celebrating its 40th anniversary on Saturday, May 14th 2016.  The festivities kick off at 9:30 AM with the Madrona Mayfair parade. Led by Deano the Clown, the parade starts at Al Larkins Park (34th & Pike).   Other activities will be spread throughout the morning.  For a full list of the events, see below:

9:15 AM

Parade line up @ Al Larkins Park

(34th & Pike) led by Charles the Clown

9:30 AM

Parade begins!

Breakdancing Instruction

Yo-Yo Contest

Pony Rides

Face Painting

Photo Booth

Mayfair Screen Printing

(bring your own shirt or tote bag to print on)

10:00 AM

Charles the Clown Show @ the Shelter House

10:30 AM

The Reptile Man Show @ the Shelter House

12:00 PM

Recess Monkey Concert @ the Madrona Playfield

Mardona Real Estate Market: February Report

The Madrona Real estate market had two home sales in February. The Central Seattle neighborhood has only seen two home sales per year since 2013 which boasts 6 February sales. Skyrocketing homes prices are partly due to Seattle’s inventory hitting new lows over the winter. Many buyers are being patient waiting for more options as spring typically brings an influx of listings to the market.

Madrona Neighborhood, Seattle

Madrona Neighborhood, Seattle

Currently there are 8 active listings in Madrona totaling just over 14 million and 4 pending sales totaling over 5 million.  The year to date median sale price for the neighborhood is $1,208,500 up 47% from $569,125 this time last year.

For similar information on Capitol HillMadison Park, or Denny Blaine please click the previous links above.

Madrona is a part of “Central Seattle” as defined by Seattle real estate agents. Central Seattle real estate mainly includes the area from the Montlake cut to I-90 and from Lake Washington to I-5.  The start of the year shows home prices are up across the city and sales for the first two months are down with 165 sold in 2015 versus 158 in 2016.  Currently in this central Seattle area there are 177 active listings.

If you have any questions about the Seattle real estate market, please feel free to reach out to a local Seattle real estate agent.

Madrona’s Neighbor Appreciation Day Is Coming!

madrona-school-sign-tpIt’s almost time again to celebrate and honor our friends and neighbors here in the Madrona community!

Join your neighbors to celebrate Madrona’s Neighbor Appreciation Day this Saturday, Feb. 6 from 9:30-11am.  The gathering will take place at Madrona PK-8 School library with ceremonies begining promptly at 10:00am.

Awards include:

  1. The Nora Award: Named in honor of Madrona activist Nora Wood, this award is given to a Madrona resident who, over time and in ways both large and small, has left a personal mark on the community.
  2. The Local Hero Award: Given to a Madrona resident for an act of heroism, singular kindness or generosity.
  3. The Tyrone Love Unsung Hero Award: Given to a Madrona resident for service to others in the larger community.  Named after community and youth activist and mentor Tyrone Love who dedicated much of his life to the youth of the community.
  4. The Madrona Resident for Life Award: Bestowed upon a long-time, active resident who has left Madrona but remains dearly missed.

This event provides the opportunity for all members of the community to not only enjoy the accomplishments of our adult residents, but to meet the award winners from Madrona K-8 School as well. In addition to all the excitement, the Mayor is confirmed to attend this years event!

It’s time to meet and celebrate the accomplishments of your neighbors, big and small and remember why Madrona is such a strong, wonderful community you’re proud to be a part of!

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 and Leschi Real Estate Recap – October

Featured listing - 3505 E Olive St. - $1,875,000

Featured listing – 3505 E Olive St. – $1,875,000

Real estate activity in Madrona took an interesting turn in October, with sales activity up from September but average sales price down by 37 percent. There were five sales of single-family homes in Madrona in October, compared to just two in September, but October’s average sales price was $684,800, down from $942,000 in September. Leschi saw 12 completed sales in October at an average sales price of $644,562, down from $934,265 in September. Sales activity for the two neighborhoods was consistent on a yearly basis, with just one fewer sale this year (17) than October 2014 (18). But average prices in the two neighborhoods combined were down over the year, with the 2015 average at $656,397 compared to the 2014 average of $753,379.

However, owing to relatively small sample sizes, numbers for these two neighborhoods are easily skewed by the addition of one or two high- or low-priced sales, meaning average prices are sometimes not accurate representations of the neighborhoods’ markets as a whole. The area’s market remains strong, with 13 of the 17 properties sold selling for at or above listing price, and the highest list-to-sales price ratio at 129.93 percent for a classic 1921 home in Madrona.

Currently there are 21 active listings in Madrona and Leschi combined, with prices ranging from a low of $615,000 for a single-family home in Leschi, to a high of $5,895,000 for a lakefront contemporary home in Leschi.

These statistics were gathered from the Northwest Multiple Listing Service, but were not compiled or published by that organization.

Please feel free to contact me if you would like to further discuss the Madrona and Leschi real estate markets, or if you would like a complimentary price estimate of your home.

Kristine Losh, Ewing & Clark, Inc.

Smart Snacks: A Fundraiser Benefiting Students of Madrona & Leschi

image (1)Katie Busby (Leschi Elementary parent) and Stacey Kryman have been have been working on a joint fundraiser between Leschi and Madrona so they can afford to buy into the Seattle Public Schools fresh fruit & vegetable snack program.

They are hosting a fundraiser at Green Plate Special (2115 25th Avenue South) on August 27th from 6:30-8:00pm that is open to the Madrona & Leschi Community.

Tickets are available here.

Last year, they piloted a program at both schools, offering a daily fresh fruit or vegetable snack.  They had a team of parents buying, chopping and distributing more than 2,500 fresh produce servings each week.  This snack replaced the lower nutritive value food brought in each day by parents, teachers and outside groups.  It promoted the consumption of fruits and vegetables and we saw an increase in student willingness to try new foods. Teachers also reported their students were more focused in the classroom with fewer behavioral issues.  They’re really created momentum and want to expand this program for the 2015/16 school year.

Their goal is to create a sustainable fresh produce snack program for every student at Leschi and Madrona by tapping into the Fresh Fruit & Vegetable Program via Seattle Public Schools. This program costs $52 per student and offers a robust menu, featuring in-season produce, for the entire school year. But, since both of the schools have more than 50% of the students qualifying for Free/Reduced Meals, a $52 price tag would be a burden for many of the families. The goal is to raise $35,000 so they can fund both schools.

Also, they created an Indiegogo page to take a shot at crowd-sourcing this initiative, too. Here is the link to the Indiegogo page.

Show up on August 27, 2015 support this fantastic event that truly supports the students of Leschi and Madrona.

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August 27th Green Plate Special (2115 25th Avenue South) from 6:30-8:00pm