Madrona Real Estate Market at an All-Time High

Madrona Real EstateThe Madrona real estate market (picture above: Madrona home for sale) like most of Seattle has improved greatly over the last two years.  While the Seattle real estate market has improved, Seattle area homes are still only up to what the real estate prices were in 2006 (with mid-2007 being the peak).  According to the most recent Case-Schiller index, Seattle area prices are just over 160 for the home price index while in the summer of 2007 the home price index was over 192.  Since the index puts prices at the beginning of 2000 at 100, that means the Seattle home values nearly doubled from 2000 to 2007 before the real estate market bubble burst.  Prices in February 2012, saw the post-bubble low with a home price index of 129 before the local real estate values started to recover.

I wrote a blog back in March 2012 about the Madrona real estate market and the flaws of Case-Shiller.  One of the bigger flaws is Case-Shiller defines “Seattle” as King, Snohomish and Pierce counties which does not tell the story about Madrona real estate.  In fact, in a recent Seattle Times article it discussed the strength of Central Seattle’s real estate market and noted that we can say something that no other area in “Seattle” can say:

Central Seattle, which includes Capitol Hill, Washington Park and Madrona, is the only area where the 2013 median price — $619,000 — surpassed the level set during the 2007 housing bubble and saw a new high.

So while Case-Shiller index still shows Seattle prices as below 2007 prices, it does not show that Madrona homes are really selling for more than they ever have.

If you want to know what your house is worth, I am happy to prepare a market analysis for you.  Please feel to reach out to me through my company website: Kristine Losh.

Leschi Real EstatePictured Above: Leschi Home for Sale across from Madrona Park

 

Update on School Zone Speed Cameras

Earlier this week we blogged about the new School-Zone Speed Cameras. According to the Seattle Times, there were over 6,000 speeders since November 1st when the cameras went live. Mayor Mike McGinn was surprised by these numbers. Because there were so many speeders, the warning-citation period that was supposed to end THIS WEEK, has now been extended to Monday, December 10. From that day forward any vehicle caught driving faster than 20 MPH in those school zones when lights are flashing, they will expect to receive a $189 ticket in the mail!According to the Seattle Times and McGinn, if drivers continue to exceed the speed limit in the numbers they did in November, the city could expect to collect between $2-4 million in ticket revenue each year! Although McGinn said, “Our goal is not to write tickets, it’s to reduce speed.”

So drivers, SLOW DOWN! Any day after Monday December 10th, if caught speeding in those school zones, you WILL be ticketed!

For more information and to read the full article from the Seattle Times, visit their website!

Slow Down or Pay $189

Seattle Schools

Photo Courtesy of Seattle Times

If you missed the article in the Seattle Times the other day, pay attention because it could cost you $189.  The City of Seattle is adding new cameras to snap pictures of school-zone speeders near four schools. The cameras, at least for the time being, will only be used to catch speeders when the school-zone beacons are flashing for motorist to slow to 20 MPH.  If they catch you, the ticket will automatically be mailed to the register owner of the car.

While there are cameras by four Seattle schools, the only one close to Madrona, Leschi, and Mt. Baker is Thurgood Marshall Elementary located in Judkins.  Thurgood Marshall is just off of Martin Luther King Jr. Way as it goes over the I-90 tunnel so anyone driving along Martin Luther King Jr. Way in that area during school hours better slow down or smile because you’re on Candid Camera.

Chef’s Table at Restaurant Bea

Restaurant BeaWe are big fans of Restaurant Bea and have written about the Madrona restaurant many times, but we are not the only one that enjoys the Seattle restaurant.  Seattle Weekly, Seattle Times, typical restaurant websites such as Yelp, and even other local blogs have all given Madrona’s Restaurant Bea  a thumbs up.  All of the sources agree that you should try Restaurant Bea, but we would take it one step further and say: you should not only dine at Restaurant Bea but also reserve the Chef’s Table.

The Chef’s Table is literally in the kitchen at Restaurant Bea.  The round table seats 2 to 4 people and allows you to experience the inner-workings of the restaurant while enjoying a 5-course meal that is selected for you by the chef.  Watch the chef prepare your meal while the bartender, just a few steps away, suggests a wine that would best compliment the next course.  A fun and different experience at a Madrona restaurant that you are not able to enjoy at other Seattle restaurants.

Take our advice, call well in advance and reserve the “Chef’s Table” at Restaurant Bea.

Restaurant Bea – 1423 34th Avenue – (206) 812-2901

Madrona’s Liberation United Church of Christ and Gay-Marriage Issue

The Seattle Times just published an article “In Black Churches, A Gay-Marriage Divide” that discusses the gay-marriage issues that is being voted on in 4 states and how it remains a “thorny” issue in African-American churches.  The first church mentioned in the article was Liberation United Church of Christ who worship at Epiphany Church in our Madrona neighborhood.  The Liberation United Church of Christ is lead by co-pastor Marshan and Darrell Goodwin-Moultry.  The two men married in New York and now are supporting Referendum 74 here in Washington.

Click the link above to read more of the Seattle Times article.

Body Found in Lake Washington, Near Mt.Baker Beach

 

Photo Courtesy of: Google Maps

Today the Seattle Police pulled a body from Lake Washington. Officers were called to the 2300 block of Lake Washington near Mt.Baker Beach, at about 6:40 this morning. Someone reported seeing what appeared to be a body about 100 yards off shore, said police spokesman Mark Jamieson.

Harbor Patrol officers retrieved the remains of the body and brought them to shore, where the body was turned over to the King County Medical Examiner’s Office. The medical examiner will identify the body and determine how they died. “It appears to have been in the lake for quite some time. It appears to be an adult female.”, Jamieson said.

There may be more details to come after the medical examination is done. To read this article visit the Seattle Times Blotter.

Big News: Suspect Arrested for Justin Ferrari’s Death

policeman-cartoonA 20-year-old man was arrested in Federal Way for his alleged role in the murder of Justin Ferrari.  Ferrari lost his life when he was caught in the crossfire when driving through the intersection of MLK Jr. Way and Cherry with his parents and two kids.

According to the Seattle Times the suspect was wearing distinctive jacket and clothes that helped identify him.  Stay tuned to the news; I am sure more information will be coming out in the coming weeks.

Former Madrona Principal Finds Home at Seattle’s Last Chance High School

This weekend there was a write-up in the Seattle Times about Seattle’s “Last Chance High School”. The last chance high school program is called the Interagency Academy, and it offers troubled teens a second chance at getting their high school diplomas. Madrona K-8’s former principal, Kaaren Andrews, has worked extensively in order to keep the program around for these teens. She believes in the students abilities and believes that keeping the students off the streets and educating them will lead them not only out of trouble, but to success later down the road. Click the link to read more about the high school on the article from the Seattle Times.

Nice Review of Madrona’s Restaurant Bea in Seattle Times

Restaurant BeaThere was a nice review of Madrona’s Restaurant Bea in the Seattle Times recently.  The article, Restaurant Bea in Madrona: Down-home and sophisticated cooking served side by sidewas written by Providence Cicero who has reviewed hundreds of Seattle restaurants for Seattle Times.  The review ends by saying:

It reminds me that Restaurant Bea is a neighborhood joint at heart, relaxed and full of fun. But there is ambition here, and talent enough in the kitchen to entice diners from well beyond Madrona.

Check out the first link above to read the entire review of Restaurant Bea.

A Look Back at Madrona School Desegregation

What did the Madrona neighborhood look like fifty years ago when desegregation was first implemented in Seattle School districts? According to the Seattle Times, a group of folks who were actively involved, either as parents, kids or teachers gathered together to reminisce and preserve their memories so that we can learn from what worked and what was difficult to know.

The group gathered at a residence in Capitol Hill to watch a film that presented the struggles constantly evolving desegregation efforts, which was the plan that was implemented in 1962, geared to attract middle class white families to accept integration. In 1968 the Madrona neighborhood experienced the Madrona-Lowell exchange, which some of the folk attending expressed “caused alot of grief from  the white parents when children were bussed though the mostly black neighborhood,” (The Madrona Elementary School was 87% black at the time). At a time when Seattle School districts were taking a stance to end segregation, the Madrona neighborhood was at the heart of the experimental phase. To learn more about what the historical neighborhood experienced, take a look at the full article here.