Real Estate News



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.

By Daniel Nash

The Madison Park office of Windermere Real Estate is coming out with a commercial tour map of the neighborhood.

The isometric map was created by cartoonist and illustrator Dan Schmieding and will feature restaurants, retailers and services on Madison Park’s East Madison Street corridor. The map will be uploaded to the real estate office’s website and distributed in print throughout the neighborhood.

“We think Madison Park is special, and that it deserves its own tour map,” said Cheryl Jones, the real estate broker who organized the project. “People call it a village, and sometimes people don’t realize how much is here.”

Schmieding specializes in stylized — a more proper word might be “cartoonified” — maps of small cities and neighborhoods. He describes his style on his website,, as “a nice step backwards from computer generated maps.”

The maps typically highlight walking trails, marathon routes or, in the case of the Windermere maps, the locations of local merchants. He sweetens the maps’ utilitarian purpose by orienting his subjects in an exaggerated, isometric view framed by visually engaging details. These fine touches are reminiscent of those found in illustrator Stephen Biesty’s 1990s-era “Incredible Cross-Sections” series for DK Publishing.

Indeed, looking through Schmieding’s portfolio, one gets the sense it’s possible to gauge a place’s joie de vivre by whether he can tease out details that can symbolize an area’s amenities. (On a map of one Oregon suburb, for example, the only illustrative flair beyond the natural topography is the distant Portland skyline).

Schmieding’s Madison Park project features miniature beachgoers on the shores of Madison Park beach, a seaplane landing in distant South Lake Union, and a leaping Orca that dwarfs the Space Needle.

“We wanted him to show how close we are to downtown Seattle and the lake,” Jones said.

The release of the map is set to precede Madison Park Days, which takes place on Saturday, July 15.

Syndicated from, illustration credit to Dan Schmieding.

 *see below

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. 

                 *see below

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. 

Contact your local real estate agent for their expertise in the Madison Park & Washington Park neighborhoods!

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 

After a third design review, the plan for a mixed-use development in the current City People’s Garden Store location in Madison Valley, which will include a PCC grocery store, has progressed to the final ‘recommendation’ stage. Capitol Hill Seattle reported that the board plans to “set high expectations for many unanswered questions about the project [which must] be answered before the project can move forward to construction.”

There has been a lot of input from community members, and groups such as Save Madison Valley have helped get the project this far along with Velmeir (the developer on the project) and architectural firm Meng Strazzara. The community feedback has helped bring information to the table to inform decisions along the way, and now additional information gathering will proceed – such as an independent traffic study to determine whether the parking garage entrance should be on E Madison, Dewey, or both streets.

However, opposition to the project continues, particularly from the Save Madison Valley group and Peter Steinbrueck, a former city council member and mayoral candidate. The concern is with the townhomes planned for the backside of the project, which are small and more work is needed to refine the design.

According to a passage from Steinbrueck’s prepared statement, “Bottom line – more housing and less garage is a big improvement. But the lack of depth and superficiality of the townhouse facades … read as flat vertical plane towering more than 75 feet above the Dewey Place. The overall effect is that height, bulk, and scale are not sufficiently mitigated to provide a reasonable transition to the block.”

Size has also been an issue with the project as a whole, drawing a lot of repeated complaints from community members, who say the project is too big for the location and neighborhood, and will eliminate the existing ‘green canopy’ behind City People’s. However, the board disagrees. “I think they have done a very good job at responding,” one board member said, adding that the project design has moved “from a large building to a much smaller building scale.”

Now that the project has passed design review to the recommendation phase, the developer can begin obtaining permits. There will likely be another review in summer 2017.

Featured photo source: