Madison Park can sometimes feel like a small town within a city, and this is due in large part to the effort put in by our local business owners to maintain that ‘village’ atmosphere. Those business owners are again sponsoring Madison Park Days, a three-day celebration of the Madison Park community that includes a sidewalk sale, starting tomorrow, July 9, and a parade and picnic taking place this Saturday the 11th. Kids are encouraged to dress up in costume and decorate wagons, bikes, pets, any anything else they like to show their creativity. Line-up for the parade will begin at 11:45 a.m. Saturday at the Wells Fargo at East Madison Street and McGilvra Boulevard East, and parade participants will then follow a Seattle Fire Department truck east to Madison Park. Following the parade, stick around for complimentary pizza, hot dogs, beverages, treats, and games! You won’t want to miss this great celebration of community, and don’t forget to visit all our local businesses on Thursday, Friday, and Saturday for their sidewalk sales.
Many of you may have caught glimpse of this 1920’s brick house, whose owners packed it up and shipped to a new site on Bainbridge Island, making it way toward the Ship Canal yesterday. Here is a photo of the home before it began its journey, and click here to watch a video of it being towed through Lake Washington and the Montlake Cut!
It’s no secret that 2014 was a huge success for the real estate market in Seattle, and particularly in central Seattle neighborhoods. Homes were purchased, sold, and many transactions were agreed upon last year. Now that we are a couple of months into 2015, let’s get an update on what the real estate market is looking like thus far in Broadmoor, Denny Blaine, Madison Park, and Washington Park.
According to the Northwest Multiple Listing Service, 30 homes in the four neighborhoods were sold between January 1, 2015 and April 20, 2015. The median sales price of those 30 homes was $1,400,800, and they were on the open market for an average of 56 days before they were purchased. The total volume of those 30 transactions totals $42,024,000. 2015 is certainly not off to a bad start!
The breakdown of the homes that have sold thus far in each neighborhood are as follows:
So far in 2015, eight homes have sold in Broadmoor at an average sales price of $1,872,250. Those homes averaged being on the market for 18 days. Four homes have sold in Denny Blaine so far this year at an average sales price of $1,060,750. Thirteen homes have sold in Madison Park at an average price of $1,090,769. Those 13 homes averaged being on the market for 79 days. Five homes have sold in Washington Park this year at an average sales price of $1,724,600, and were on the market for an average of just 19 days.
As always, these closed sales statistics have to be taken with a grain of salt, as the number of sales is low enough that one or two sales can distort the average. However, these numbers are tough to ignore, especially when considered within the King County and Seattle real estate marketplace as a whole.
Please note that while these numbers were gathered by the Northwest Multiple Listing Service; Statistics were not compiled or published by the Northwest Multiple Listing Service.
Feel free to contact me for a complimentary price opinion of your home, or click here to see what is currently available in Madison Park, Washington Park, Denny Blaine, and Broadmoor.
Ewing & Clark, Inc.
It’s hard to believe January is coming to a close and it’s already time for February’s Madison Park Community Council meeting. Next Monday, February 2, join the council and your neighbors at 7:00 p.m. at the bath house in Madison Park to discuss these neighborhood issues:
- Final design of the new 520 bridge west approach
- Redevelopment of the Prospect Street waterfront street end
- $90,000 grant approval for study of the Madison Street/McGilvra Boulevard intersection and safe crosswalks design
- Additional topics