Madison Park & Washington Park Real Estate Report – Half of Year
Around Seattle, Featured Homes, Madison Park, Madison Park Home, Madison Park Homes, Madison Park Homes for Sale, Madison Park House, Madison Park Houses, Madison Park neighborhood, Madison Park Real Estate, Madison Park Real Estate Market, Madison Park Seattle Real Estate, Real Estate, Real Estate News, Seattle Madison Park Real Estate, Seattle Real Estate, Seattle Washington Park, Wahington Park Real Estate, Washington Park, Washington Park Home, Washington Park Homes, Washington Park Homes For Sale, Washington Park Houses for Sale, Washington Park Real Estate, Washington Park Seattle, Washington Park Seattle Real Estate, Washinton Park
We are halfway through the year and the Seattle real estate market is still the talk of the nation. Inventory is still low and prices are still high throughout King County. The real estate market in Madison Park & Washington Park is still strong compared to the first half of 2016. The median cost for a single-family home as jumped from $1,430,000 (2016) to $1,800,000 (2017) and the lowest price has gone up from $656,000 to $885,000. The average list price has increased from $1,628,767 to $1,810,310, as well as the sold price that saw a climb from $1,662,492 to $1,818,759. There were 2 fewer sales these last 6 months, but all sold in the same time frame of about 35 days. There are currently 22 active single-family homes in the Madison Park & Washington Park neighborhood and 11 pending.
Condominium in the area are also rising in price. The median price for a condo has gone up from $545,000 to $622,000 and the lowest has increased from $255,000 to $310,000. The average sold price for a condo is now $787,200, last year’s price was a bit lower at $722,814. There is currently 3 active condominium listing and 2 pending.