Madison Park Real Estate: February Report
The Madison Park real estate market was steady in February. There were six sales last month compared to eight (2015), four (2014), and eight (2013) sales in the same month for the previous three years. Currently, there are 12 active listings totaling just over $28 million and 7 pending sales totaling just below $11 million. The median year-to-date sales price in Madison Park is up from $1,284,000 to $1,465,000 and the average year-to-date sales price is up from $1,242,364 to $1,689,641.
Madison Park is a part of “Central Seattle” as defined by Seattle real estate agents. Central Seattle real estate basically includes the area from the Montlake Cut to I-90 and from Lake Washington to I-5. The first two months are down ever-so-slightly with 165 sales in 2015 versus 158 sales 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.