Since June 1st there have been four rentals in Madrona offered through the Northwest Multiple Listing Service (NWMLS). The NWMLS rentals are those represented by licensed real estate agents, thus it most likely does not include everything that has rented in Madrona. Nevertheless I noticed several interesting things. The first was ALL the Madrona rentals were represented by Ewing & Clark – impressive that we were involved in every transaction. Second, the days on market (the numbers of day it took to lease them) for each rental was extremely low. The homes rented in 4, 29, 14, and 13 days which was very fast especially for the price range. The first rental on 29thAvenue rented in 4 days with a list priced of $1,600, the second Madrona home on 36th Avenue rented in 29 days (which was delayed because of the previous tenants’ schedule was not conducive to showings) and was listed for $4,000, the third house on 37th Avenue rented in 14 days with a list price of $3,950, and the final house on 36th Avenue (pictured) leased in 13 days while asking for $3,900 in rent.
As I wrote back in April, rentals in Seattle are in high demand especially those that are clean and well cared for 3+ bedrooms home with nice/newer kitchens and baths. The demand is obviously still there and Ewing & Clark knows the area well. Please contact me if you are interested.
Statistics not compiled or published by the Northwest Multiple Listing