Madrona Real Estate Report – November 2017

The Seattle real estate market continues to be the talk of the nation. As Seattle continues to grow, so do home prices. Madrona and Leschi continue to stay strong in King County. There were 19 totals sales in the area last month, compared to 7 in November 2016.

Sold last month in Madrona for $1,260,000

The median sales price for a single-family home in Madrona jumped from $1,000,000 in November 2016 to $1,280,000 last month (11/17). The highest sold price increased from $1,345,000 (11/16) to $3,000,000 (11/17). According to the Northwest Multiple Listing Service, Madrona hit the $1 million club. The average sold price was $1,414,250 and the average list price was $1,395,995. The cumulative days on market also dropped from 35 days to just 12 days this year.

Sold last month in Madrona. (View)

The neighboring village of Leschi had 8 sales last month, compared to 1 townhome last year that sold for $450,000. The median sales price this past November was $1,150,700 and the average sold price was $1,271,175. There was one condominium sale in the Leschi area that was listed for $499,000 and sold for $500,000

There are currently 10 active listings and 12 pending.

 

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