January 2022
Madison Park Times
Serving East-Central Seattle since 1983
Real Estate
MADISON PARK - WASHINGTON PARK - MADISON VALLEY - DENNY-BLAINE - MADRONA - LESCHI www .M adison P ark T imes . com
Inventory to stay tight in the coming year
Goldman Sachs forecasting U.S. home prices will soar another 16 percent in 2022
P
hew, it’s been a wild year! Hope you had a very happy holiday season and wishing you a great start to the new year! We can take a look ahead at the market and a brief snapshot of the past 45 days. How does 2022 look? To quote Goldman Sachs (October), they are forecasting U.S. home prices will soar another 16 percent over the next year; at press we have already seen a 6 percent rise. This is a slight deceleration in the growth of home prices —
which are up By The Numbers (11/10/2117.7 percent 12/25/21) over the past 12 Denny Blaine, months alone. Broadmoor, Inventory Washington/ in 2022 will Madison Park certainly remain (single family tight, and interhomes) est rates will 8 Sold homes likely also rise. Average Sales The hope is that Price $4,028,625 wage growth Average Days will help balon Market: 27 ance things a Spafford Robbins Average Price bit! Property Views Per Square Foot: There is $866 a lot of new Lowest Sales construction Price: $1,202,500 that will be hitting the market, Highest Sales Price: $8,750,000 but builders are still dealing with labor and supply issues, so that is There are currently two acputting greater pressure on inventive properties for sale, one at tory. 1214 Parkshore Drive E. listed at Here is a snapshot of the past $3,150,000 and another at 3338 45 days! These numbers certainly Shore Drive. highlight the last of inventory. There are currently three
“Inventory in 2022 will certainly remain tight, and interest rates will likely also rise. The hope is that wage growth will help balance things a bit." properties pending sale at time of print with an average list price of $2,725,000 and an average days on market of 65 days. Denny Blaine, Broadmoor, Washington/Madison Park (condominiums) 3 Sold homes Average Sales Price $698,333 Average Days on Market: 11 Average Price per Square Foot: $779 Lowest Sales Price: $490,000
Highest Sales Price: $820,000
There are currently two active properties for sale one at 1616 41st Ave. E. #105 for $385,000 and the second at 1620 43rd Ave. E. #22B at $2,575,000. There are currently four properties pending sale with an average offering price of $1,983,750, ranging from $595,000 to $4,850,000, with an average days on market of 125 days. I am honored and happy to help with anything I can in maneuvering this ever-changing and dynamic Seattle real estate market. My team and I at GBK/ Compass are here to assist with the presentation of your home, thoughtful home search or just share some thoughts on where we see the market today! Spafford Robbins, GBK/Compass SpaffordRobbins.com
MAY THE NEW YEAR BLESS YOU WITH HEALTH, PROSPERITY, AND HAPPINESS. LISA TURNURE REAL ESTATE Coldwell Banker Bain Available for purchase Captiol hill view estate | $4,995,000
HIGHEST SALE IN NORTHEAST SEATTLE Windermere gold coast | $14,850,000
MOIRA E. HOLLEY moirα@moirαpresents.com 206.612.5771 moirαpresents.com
For more information on this stunning property or to see my active listings and recent sales, please contact me via phone or email, or see my website at lisaturnure.com.
206.919.6605 | lisaturnure@cbbain.com | LisaTurnure.com
EXPERIENCED. INNOVATIVE. TRUSTED.