Madrona Real Estate Report – August 2017

Madison Valley View

The Madrona real estate market has shown quite the change last month compared to August 2016. There were 13 sales last month and 7 last year (8/16). The average sold price for single-family homes has jumped from $896,929 to $1,016,660. According to the Northwest Multiple Listing Service, homes are selling in just over two weeks. There are currently 5 active listings and 10 pending.

Past Ewing and Clark Madrona Sale

The Leschi market has slowed down this past August compared to a year ago. There were 4 sales last month, compared to 7 in August 2016. The average sales price has dropped from $822,500 (8/16) to $680,250 (8/17). Single-family homes sold, on average, in 33 days.

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. Currently in the central Seattle area there are 91 active listings and 102 pending listings.

Save the Date!

The Annual Madrona Wine Tasting has come early this year, so mark your calendars! This October 7th, from 6:30pm – 8:30pm, the Madrona Community Counsel will be holding their annual wine tasting fundraiser at St. Therese Social Hall (900 35th Ave). The event is organized by Leschi Market and will be featuring many vintners!

You can find tickets @ http://bpt.me/3065567

More information to come!

Fred Hutch’s Obliteride Rolls Madrona

Fred Hutch’s Obliteride Rolls Madrona on August 13

 

Cheer on the riders as they pedal through your neighborhood

 

 

Fred Hutch’s Obliteride, the ride to end cancer is marking its 5th anniversary and is bigger than ever. About 2,000 riders are participating to raise money for cancer research at Fred Hutch on Sunday, Aug. 13.

There will be no road closures but we are encouraging motorists to look out for riders and are hoping residents will come out and cheer on riders.

2017 Madrona Summer Concert Series

Madrona Summer Concert’s start tomorrow at the Madrona Playfield! Join your neighbors Thursday evenings, between 6pm & 8pm, in the park for a night of music and fun! Bring your picnic, blanket, and chairs and enjoy local bands!

The schedule is as follows:

August 10th, The Parlour Shakes

August 17th, Bell Thompson Group

August 24th, Mud Junket

August 31st, TBD

Madrona Real Estate Market – May 2017

The Madrona real estate market hasn’t changed drastically compared to last May (2016). Reports show the same amount in sales and only a small increase in the average median list price, $1,090,595(2016) to $1,110,400 (2017). Homes stayed on the market for an average of 66 days last month. Last May homes were only on the market for an average of 8 days. There are currently 8 active listings and 6 pending.

The neighborhood next door, Leschi, is showing a great amount of growth in the market compared to last year. Though there were 3 less sales than last May, the median sales price has gone up from $765,000 (May 2016) to $1,024,950 (May 2017). The lowest cost of a home has jumped nearly 93% from last May, numbers climbed from $425,000 to $819,950. Two of the sales last month were condo sales, one sold for $259,950 and the other sold for $1,995,000. There are currently 12 active listings and 12 pending in the Leschi neighborhood.

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 five months are down with 705 sold versus 715 sold in 2016. Currently in the central Seattle area there are 141 active listings for sale and rent.

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

Photos Above :

New rental listing in the Madrona neighborhood! 

728 36th Ave, Seattle

Beautifully remodeled tudor on one of Madrona's most desirable streets.
Amazing 180 degree views of Lake Washington, Cascades, Rainier.
Master suite + 2 additional beds and 1 bath up. Gorgeous cooks kitchen
with stainless appliances and built in eating area. 2-car attached 
garage off alley.

Available for $6,000 a month. Contact Kristine Losh for further details
or click here!

New Madrona Pre-K Coming This Fall!

 

Pipas, a home-based pre-k program, is coming to Madrona this fall!

They are experienced educators and artists with deep Seattle roots, looking forward to growing a creative, nurturing, developmentally-appropriate program in the heart of the neighborhood.

This is what a daily schedule looks like at Pipas:
9-9:30

Arrival, and play. block building, easel painting, sensory science with water, puzzles, impromptu puppet show, postcard writing….

9:30-10

Gathering. songs, show and tell/sharing, stories, check-in, calendar, group game

10—10:30

Snack. kid-assisted apple slicing, self-smear sunflowerbutter on rice cakes, dishwashing

10:30-12

Play, and more. pattern blocks with maps, paper mache moons, planned puppet show- written by kids, obstacle course, English-Portuguese color bingo, clean up

12-12:30

Lunch. time for eating, stories, sharing, down time, and looking ahead

12:30-1

Outdoors. move, run, jump, walk backwards, kick, throw, blow bubbles, find worms, hammer geodes, collect dandelions

Looking for a preschool program for your 3.5-5-year-old? Join us for a meet and greet, Tuesday, January 17, 6 pm. 

Visit their site and email for further details.

http://www.pipas-seattle.com/

 

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!

Featured Listing: Cool Madrona Contemporary

3505 E Olive Madrona Edited This impeccable architect-designed Madrona home features more than 4,000 square feet of sophisticated living space:  4 bedrooms and 3.5 baths in the main house, plus a renovated classic carriage house with an additional bed and bath. Featured in Seattle Met magazine in 2009, this home has 10-foot ceilings, windows everywhere, and spectacular finishes throughout. A gourmet chef’s kitchen and large dining room lead to a glamorous living room with a cozy fireplace. Vaulted ceilings upstairs give the bedrooms an airy feel, and additional loft areas provide play space or storage. The 1,300-square-foot carriage house, built in 1901 and updated in 2015, provides amazing live-work space or could serve as an Airbnb or rental property. A private fenced yard, outdoor living space, play area, and mature gardens complete this gorgeous piece of property.

For more information or for a private showing of this spectacular home, contact listing agents Dan Gottesman and Sam Chapin.

Madrona Wine Tasting Event – Nov 14th

Madrona WineCome join your Madrona neighbors for the Fifth Annual Fall Wine Tasting event on Saturday November 14 from 6:30-8:30pm at St. Therese Church and stock your wine cabinet just in time for holiday entertaining.

Tickets are on sale now for $32.50.  All tickets include wine tasting with special pricing on a variety of wines, including deep case discounts (pennies above cost!).

Ticket sales benefit the Madrona Community Council and fund neighborhood activities like Mayfair, Halloween and other community-building events.  A special thank you to Leschi Market for arranging the wine selection.

We hope to see you there this year!  It is a fun event and open to all who are 21 years-old and up.

Leschi & Madrona Real Estate Recap: September

Featured Home - 832 31st Avenue South, Leschi

Featured Home – 832 31st Avenue South, Leschi
                  Click on the image for more information

Though the Leschi and Madrona real estate markets don’t typically see high volumes of home sales per month, Madrona saw even fewer home sales than normal in September. The neighborhood only saw two completed sales of single-family homes last month, down from 11 in August, though prices remained high with an average sales price of $942,000. Leschi real estate, in comparison, saw 12 completed sales in September at an average sales price of $934,265. The combined 14 sales in the two neighborhoods represented a slight decrease over the year, with 18 homes sold during the same period in 2014, but despite the seeming slowdown, average sales prices are up over the year. The combined average in 2014 was $705,994, compared to $935,370 in 2015.

Among the 14 total sales in both neighborhoods, prices ranged from $599,950 for a new-construction modern town home on the west edge of Leschi; to $1,612,500 for a renovated modern home perched above Lake Washington, also in Leschi. Eight homes sold at or above listing price, with the highest sales-to-list-price ratio at 116.2 percent for a classic 1906 Foursquare home in Leschi. There were no condo sales in either Leschi or Madrona in September.

Currently, there are 11 active Madrona home listings, with prices ranging from $599,000 to $2,795,000; and 18 active listings in Leschi, with prices ranging from $525,000 to $5,895,000.

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 a complimentary price estimate of your home, or for advice on buying or selling a home in Leschi or Madrona. Click here to see what’s currently available in the area!

Kristine Losh, Ewing & Clark, Inc.