Madison Park & Washington Park Real Estate Report – May 2017
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Just like most of Seattle, Madison Park and Washington Park continue to climb in price. Last May there were 6 sales in the neighborhoods combined and the median price for a single-family home was $1,367,500. This past May the median price for a home has gone up to $1,922,500! The average list price in the area has jumped from $1,621,250 to $1,873,000 in just one month! There are currently 13 single-family homes active in the two neighborhoods. The highest active listing price is $12,850,000 and the lowest is $700,000.
There were 3 condo sales last month, which is 3 less than last May (2016). The average sold price for a condo has made a tremendous jump from $575,492 to $919,000. According to the Northwest Multiple Listing Service, there are currently two condos active and 4 pending.
The photos above:
Extraordinarily private & expansive 120+ ft lakefront estate with level lawn, lush grounds, swimming pool, hot tub, & dock. Open concept William Bain designed home with second story added during extensive remodel. All main rooms look onto the stunning setting. Designed for indoor-outdoor enjoyment, rooms open to grounds through the many glass doors. Paneled living room, sandstone fireplaces, Carrarra marble kitchen, family room, glorious master suite! Choice location near shops, restaurants & downtown!
5 bedrooms & 4.25 bathrooms – 6,020 sq ft.
Available for $12,850,000