Leschi & Madrona Real Estate – 2016 in Review

Madrona HomeLeschi real estate market was strong in 2016.  Leschi home sales saw a rise in median price ($766,750 vs $732,500), price per square feet was up ($395 vs $366), and the highest sale was over double the previous year ($5,402,500 vs $2,500,000).  The days on market did rise slightly (35 vs 28 days).  Also, the number of sales in 2016 dropped dramatically: 58 sales vs 88 sales in 2015.  This might be explained by the low Seattle real estate inventory discussed later.  The Leschi condo market is hard to compare since there are so few sales.  For 2015-2016, there was an average of one sale per month (25 sales).  There was 9 condominium sales in 2016 versus 16  sales in 2015.  There was only one sale in 2016 over $1 million, in 2015 there were 3 sales over $1 million and 2 sales over $2 million.

Madrona real estate market, unlike in Leschi, saw an increase in sales in 2016 (81 sales vs 72).  Like Leschi home sales, Madrona home sale saw an increase in most numbers.  Median sales price ($950,000 vs $849,500), price per square foot ($432 vs $381), and highest sale ($3,500,000 vs $2,050,000) all increased in 2016.  The days on market was the same in both 2016 and 2015: 32 days.  Madrona did not have any condo sales in either year.

The overall real estate market in the region (area covered by Northwest Multiple Listing Service which serves 23 counties in Washington) saw an 8.1 increase of sales in 2016 when compared to 2015 with inventory at a record low for most of the year. For the 23 counties, the median sales price increased 8.9 percent from $310,000 in 2015 to $337,500 in 2016. Condos, which make up a smaller share of the market, were actually up 12.6% while single family homes increased 8.7%.

Inventory was tight throughout the year, there was an average of 1.86 months of inventory in 2016, compared to 2.4 months in 2015. King County was the tightest with only 1.1 months of supply. A balanced market is generally considered to be between 4 and 6 months of inventory.

The luxury real estate market was strong in 2016, with over 3,251 home sales over $1 million compared to 2,676 in 2015: over a 21 percent increase. The number of condos over $500,000 also increased with 1,711 sold in 2016 versus 1,459 half-million dollar sales in 2015: also over a 21 percent increase.

2017 seems to be taking over where 2016 left off. Low inventory remains and prices remain strong. As always, to maneuver the market, reach out to your local real estate broker to navigating the Seattle real estate market.

[Pictured: Madrona Home sold by Ewing and Clark in Feb. 2016 for $1,725,000]

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

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/

 

The First Annual Madrona Winter Playfair!

 

Head down to the Epiphany Community Hall at 1805 38th Ave, this Saturday (1/14/2017) for the First Annual Madrona Winter Playfair! The event will take place between 4 and 7pm. Bring a craft or game to share, sing or play an instrument, or bring potluck snacks or beverages! Crafts and activities include Pokemon Play and Trade, learn to knit, play, book exchange, story reading, and much more! Everyone is welcome!

Babysitters are welcome to showcase their services!

Call Audrey at 206-329-8775 or 206-669-3995

Leschi & Madrona Real Estate – Oct 2016

Madrona Real EstateLike the rest of Seattle, Leschi and Madrona real estate market continues to be very strong. This past month (October), Madrona had 4 sales and Leschi had 5 sales. While not a lot of sales, the details are interesting. For example, in Madrona on the corner of 35th and Pike, 1430 35th Ave sold for the second time in 16 months. In the summer of 2015, the traditional Seattle home was listed for $1,595,000 and sold above asking price: $1,650,000. In October 2016, it was listed for $1,750,000 and sold again for above list price: $1,895,000. Quite a difference a year makes! Overall, the 4 Madrona homes sold for an average of $1,134,500 and the Leschi homes sold for an average of nearly $1,086,000. Last October, Madrona saw 5 sales at an average of just over $684,000 and Leschi had a whopping 12 sales but at an average of $644,563. A couple sales can change the average quite a bit, for example Leschi had several small condos sell in October 2015, but nonetheless, I will say it again: what a difference a year makes!

We can see the change in prices looking at the greater area. The Central Seattle area (between I-90 and the Montlake Cut and I-5 and Lake Washington) saw the average price of homes up from October 2015 of $882,720 increase to $990,258 in October 2016 while condo prices rose from $507,567 last October to $593,872 in October this year. Inventory is tight, but that might not fully explain the prices changes since the number of sales of area’s homes decreased from 83 in October last year to 64 this year, whereas the number of condos sold rose from 52 to 79.

While prices of real estate in Madrona, Leschi and Central Seattle are significant, they are still dwarfed by other local areas. For example, the average price on Mercer Island this October was just under $1.5 million and the Bellevue area west of 405 was nearly $2 million. Nevertheless, Madrona and Leschi home prices are still higher than most of King County. The average price in King County for a home in October was $653,231 compared to $590,728 in October last year.

If you need help navigating the Seattle real estate market, we always suggest talking to a local Seattle real estate agent.

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!

googlers

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 Real Estate Report – May 2016

The Madrona real estate market showed some growth this May compared to last year. There were ten sales this year compared to seven in 2015. This year the total sales amounted to $11.9 million. Currently, there are twelve active listings totaling just over $14 million and seven pending totaling just below $10 million. The lowest year-to-date sales price in Madrona is up from $577,200 to $614,000 and the average sales price is up from $1,157,450 to $1,195,800.

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 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

Seattle Restaurant Week Spring 2016

Seattle-restaurant-week-2015

Restaurant week is back for its spring 2016 run with over 165 Seattle eateries plating $30.00 three-course dinners.  This year these local Madrona – Madison Park restaurants are participating:

Beach House Bar + Grill– Madison Beach

1927 43rd Ave. East
Seattle, WA 98112
Phone: (206) 294-3842

http://beachhouserestaurants.com/contact/

Dinner  – 3 courses for $30

APPETIZERS

Wild Spicy Prawns- Chili Cajun cream, chives + baguette

Poached Pear + Arugula Salad- Pomegranate vinaigrette, goat cheese + cayenne candied almond

Crispy Artichoke Hearts-  Sriracha Aioli

ENTREES

Blackened Mahi Mahi- Served with saffron rice, seasonal vegetables + citrus cream

Bacon Wrapped Filet Mignon- Grilled broccolini, hollandaise + fingerling potatoes

Grilled Wild Alaskan Salmon- Miso butter + seasonal vegetables

DESSERTS

House Made Doughnuts- Cinnamon, sugar + jam

Chocolate mousse- Kahlua, Frangelico + vanilla bean whip cream

Crème Brulee- Fresh berries

LUC

2800 E Madison St
Seattle, WA 98112
Phone: (206) 328-6645

http://www.thechefinthehat.com/luc-restaurant-seattle/

Dinner  – 3 courses for $30

APPETIZERS

English Pea Soup, Fromage Blanc, Lemon Oil

Gem Lettuce Salad, Tarragon vinaigrette, Walnuts, Parmesan

Pickled Apple & Pear, Goat Cheese, Hazelnuts, Balsamic, Crostini

ENTREES

Confit Chicken Leg, Cannelini Beans, Lardon, Caramelized Brussel Sprouts, Dijon Demi Sauce

Pan Seared Halibut, Spring Radishes, Smoked Oyster Mushrooms, Cauliflower, Tarragon Beurre Blanc

Parisian Gnocchi, Foraged Mushrooms, Baby Carrot, Pearl Onions, Lemon Confit, Brown Butter Caper Sauce

DESSERTS

Pot de Creme, Hazelnut Cookie

Creme Brulee, Lemon Sable

Orange Chocolate Madeline, Poached Pear, Vanilla Ice Cream

The Harvest Vine

2701 E Madison St
Seattle, WA 98112
Phone: (206) 320-9711

http://www.harvestvine.com/

Dinner – 3 courses for $30.00

APPETIZERS

Remolachas- Red & Golden Beet Salad w/ Sherry Vinegar & Olive Oil (V) (GF)

Tortilla Espanola- Warm Potato Onion Omelette w/ Frisee & Aioli (VEG)

Salmoreio- Chilled Tomato & Bread Soup w/ Hard Boiled Eggs & JAmon Serrano

ENTREES

Huevos Flamenco: Baked Eggs w/ Asparagus, Peas, Pepper, Tomato Frito & Bechamel

Almejas con Arroz- Txakoli Steamed Clams w/ Saffron Bomba Rice

Cordero Chilindron- Grilled Lamb w/ Roasted Peppers

DESSERT

Flan De Vianilla- Creamy Spanish Style Vanilla Bean Custard

Arroz Con Leche- Lemon Saffron Rice Pudding

Tarta Valencia- Orange Chocolate Torte

Vendemmia

1126 34th AVE
Seattle, WA 98122
Phone: 206.466.2533

http://www.vendemmiaseattle.com

Dinner – 3 courses for $30.00

APPETIZER (FOR THE TABLE)-

Beef Tartare, Shallot, Champagne Vinegar

Charred Asparagus, Meyer Lemon, Parmesan

Housemade Mozzarella, Treviso, Grilled Bread

Hamachi Crudo, Pickled Beets, Crispy Farro, Avocado

ENTREES

Tagliatelle, Fava Bean Sugo, Pecorino Toscano, Walnut

Pork Chop, Wild Nettles, Maitake Mushroom, Smashed Potato

Halibut, English Pea,Pea Vine, Cured Anchovy

DESSERTS

Rice Pudding, Strawberry, Vanilla Bean

Chocolate Tart, Caramel, Hazelnut

La Tur Cheese, Honey Comb, Rosemary Cracker

Voila! French Bistro

2805 E Madison St
Seattle, WA 98112
Phone: (206) 322- 5460

http://www.voilabistrot.com/

Dinner – 3 courses for $30.00

APPETIZER

Zucchini Pappardelle Salad- Roasted Walnuts, Shaved Parmesan

Soup of the Day

Rillettes De Porc w/ Pickled Vegetables

ENTREES

Lemon Mint Ravioli- Three Cheese Ravioli w/ a Mint Lemon Sauce

Grilled Steak & Frites- Grilled Hanger Steak w/ Blue Cheese Cream Sauce

Turbot Fish Fillet- Vermouth Fresh Herbs Cream w/ Steamed Yukon Potatoes

DESSERT

Poire Belle Helene- Pear, Vanilla Ice Cream, Warm Chocolate Sauce

Tarte Tiramisu Citron- Tart Lemon Tiramisu

Chef Choice Dessert