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!

Beautiful 1920’s Madrona Craftsman Available

Featured Listing: 1615 31st Avenue

Casey house

This 1920s craftsman ideally perched in the heart of Madrona, just hit the market for sale! The convenient location of this neighborhood home is just a short distance from the retail district and Lake Washington.

casey hopme1

Features include oak hardwood floors, coved doorways, crown molding, tall ceilings, sizable windows, and pocket doors. The kitchen includes slab Carrera marble counters, an island with a breakfast bar, viking range, and opens to a large back deck perfect for entertaining.

casey kitchen

The main floor master has ensuite bath, and  other noteworthy rooms include the daylight basement with media room, 2 bedrooms, an office, and a utility room. For more information on this lovely neighborhood home, or other Seattle area homes, contact your local real estate agent today!

Status: For Sale
Bed/Bath: 4/2.75
Price: $795,000

Beautiful Leschi Home on the Market

Leschi HomeThe beautiful home located at 519 Lake Washington Blvd, right across from Lake Washington and Madrona Park, has outstanding views of lake, mountains, sunrises and sailboats! The home features an open floor plan, large windows, an expansive deck, lovely terraces and a balcony. The kitchen has been updated with top of the line appliances, and there are two full master suites with contemporary bathrooms, views, and huge closets. The home also has a two car garage, and is in close proximity to both Madrona and Leschi shops, restaurants, and of course is a quick commute to downtown. If you are interested in this or other homes in the neighborhood, please contact me at anytime, I’d love to assist you in your home search.

Status: For Sale
Bed/Bath: 3/3
Price: $995,000

Seattle Met Reviews Restaurant Bea’s New Chef

As of two weeks ago, when Restaurant Bea‘s favored chef Tom Black of the Barking Frog, and 35th Street Bistro in Fremont was replaced with a lesser known chef, there has been some discrepancies in the quality of food, according to a review by the Seattle Metropolitan. Have you noticed any differences in the restaurant’s service?

The review also stated that the food critic had come a little early in the chef’s transition, and still had high hopes for the restaurant overall, which has been a Madrona favorite for locals and visitors alike. If you’re in the neighborhood, you be the one to judge for yourself.

Madrona Neighborhood Felt the Presidential Presence Yesterday

If you were driving in or around Madrona yesterday, there was no doubt you felt the President’s presence in the neighborhood. The Blume’s welcomed the President, along with around 75 guests for

Blume's Home For Sale

brunch yesterday afternoon and it was very obvious to all residents in the area that he was nearby. Locals were giddy with excitement at the possibility of an Obama spotting, traffic was a little slow going in and out of the neighborhood and secret service lined the streets, and patrolled the area surrounding the Blume’s residence. Who would have thought our neighborhood would be getting so much exposure this week! The Blume’s are not only getting major publicity for the Madrona area for hosting the President, but also because they are currently selling one of their properties. The home that the fundraiser was hosted is not the home that is for sale, which many publications had mistakenly written yesterday, but is in the nearby Broadmoor neighborhood.