Madison Park Times Real Estate 07-01-21

July 2021

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

Seattle experiencing a hot seller’s market Summer real estate offers people a larger selection of homes from which to choose

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As new listt’s hard to believe ings come on the that a year ago we market, they are imwere still somewhat mediately scooped uncertain about the up by a plethora potential effects of the of waiting buyers, pandemic on local real however. estate. Flash forward Historic low to summer 2021 and interest rates and a we are in the midst strong job marof an unprecedented ket continue to housing market with drive the market. inventory at historic Evan Wyman Without a home to lows and price increasProperty Views buy, many sellers are es that are breaking staying put, resultrecords. ing in a cycle that With the summer perpetuates the low-inventory direal estate market upon us, we lemma. If there was ever a “seller’s are seeing an increased number market,” this is it. of homes coming on the market, giving weary home buyers a larger selection.

SEE PROPERTY, PAGE 3

Appraiser Short Status

Address

Pending Inspection

2307 McGilvra Blvd E

Zip Code 98112

Selling Date

CDOM 25

Original Price $1,400,000.00

Selling Price

Pending Inspection

1615 39th Ave E

98112

21

$2,995,000.00

Pending

2360 43rd Ave E #208

98112

7

$789,950.00

Pending

2355 42nd Ave E #9

98112

6

$1,099,950.00

Pending

2355 42nd Ave E #9

98112

5

$1,099,950.00

Pending

2001 42nd Ave E

98112

4

$1,350,000.00

Pending

1626 38th Ave E

98112

6

$1,775,000.00

Pending

2345 43rd Ave E

98112

23

$1,865,000.00

Pending

1609 Windermere Dr E

98112

6

$2,195,000.00

Pending

1933 38th Ave E

98112

5

$2,198,000.00

Pending

113 Madrona Place E

98112

10

$2,385,000.00

Pending

3001 E Denny Wy

98122

46

$2,449,900.00

Pending

1808 Parkside Dr E

98112

10

$2,950,000.00

Pending

1121 38th Avenue E

98112

54

$3,298,000.00

Pending

2105 Parkside Dr E

98112

6

$3,795,000.00

Pending

2148 Broadmoor Dr E

98112

2

$5,600,000.00

Pending

82020 RE Undisclosed

98112

295

$13,895,000.00

Sold

1810 43rd Ave E #302

98112

2/25/2021 0:00

50

$325,000.00

$299,000.00

Sold

1800 43rd Ave E #304

98112

4/8/2021 0:00

4

$345,000.00

$337,000.00

Sold

2040 43rd Ave E #314

98112

1/8/2021 0:00

105

$450,000.00

$440,000.00

Sold

2500 Canterbury Lane E #302

98112

5/24/2021 0:00

29

$535,000.00

$475,000.00

Sold

1800 43RD Ave E #A103

98112

2/22/2021 0:00

10

$474,950.00

$476,000.00

Sold

2500 Canterbury Lane E #202

98112

3/25/2021 0:00

3

$539,000.00

$549,000.00

Sold

1800 43rd Ave E #208

98112

4/23/2021 0:00

23

$549,000.00

$549,000.00

Sold

2501 Canterbury Lane E #412

98112

4/16/2021 0:00

2

$535,000.00

$550,000.00

Sold

2311 43rd Ave E #102

98112

4/30/2021 0:00

5

$590,000.00

$582,000.00

Sold

1921 42nd Ave E #D

98112

3/16/2021 0:00

2

$590,000.00

$590,000.00

Sold

2360 43rd Ave E #414

98112

4/13/2021 0:00

47

$650,000.00

$645,000.00

Sold

1810 43rd Ave E #203

98112

2/26/2021 0:00

93

$680,000.00

$650,000.00

Sold

2914 E Madison St #210

98112

1/26/2021 0:00

126

$699,950.00

$695,000.00

Sold

2360 43rd Ave E #207

98112

1/28/2021 0:00

107

$789,000.00

$740,000.00

Sold

2360 43rd Ave E #412

98112

4/20/2021 0:00

10

$745,000.00

$745,000.00

Sold

2330 43rd Ave E #B-305

98112

4/30/2021 0:00

3

$849,900.00

$849,900.00

Sold

1626 39th Ave E

98112

3/12/2021 0:00

7

$950,000.00

$930,000.00

Sold

1739 Madrona Dr

98122

6/3/2021 0:00

13

$1,095,000.00

$980,000.00

Sold

826 31st Ave E

98112

3/9/2021 0:00

5

$1,050,000.00

$1,110,000.00

Sold

2020 42nd Ave E

98112

1/15/2021 0:00

65

$1,385,000.00

$1,240,000.00

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LISA TURNURE REAL ESTATE COLDWELL BANKER BAIN Available for purchase IConic Capitol Hill View home | $4,995,000

Madison Park Waterfront / 2-bedroom, 2.25-bath 2,100 sf. $2,650,000

Just Sold Washington Park View Home | $4,190,000

Madison Park Waterfront / 2-bedroom, 2.5-bath 2,300 sf. $3,300,000 (SOLD) For more information on these properties or to see my other active listings and my 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.

MOIRA E. HOLLEY moirα@moirαpresents.com 206.612.5771 moirαpresents.com

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JULY 2021

SEATTLE $2,485,000

WASHINGTON PARK $1,310,000

WASHINGTON PARK $1,895,000

SEWARD PARK $3,395,000

Celebrating Over 120 Years of Exceptional Service!

BETSY Q. TERRY & JANE POWERS 206.322.2840 ewingandclark.com | luxuryrealestate.com

610 Hillside Dr E ACTIVE $4,900,000

1920 4th Ave #3102 SOLD $7,000,000 With over 31 years of real estate experience, we would love be your real estate experts when it comes to marketing your home and purchasing a new home . We are excited to talk with you about your options!

We have a new addition to the Hinds Team, Katie Hinds!

2332 42nd Ave E SOLD $2,300,000

515 Lake Washington Blvd SOLD $1,710,000

KATHRYN HINDS Windermere Madison Park 206•650•6488 KATHRYNHINDS@COMCAST.NET KATHRYNHINDS.WTHWRE.COM

TAYLOR HINDS Windermere Madison Park 206•434•5102 TAYLORHINDS@WINDERMERE.COM TAYLORHINDS.WTHWRE.COM

KATIE HINDS Windermere Madison Park 206-434-5103

KATIEHINDS@WINDERMERE.COM

Pacific Publishing Company – Queen Anne & Magnolia News • Madison Park Times • City Living Seattle

PROPERTY, FROM PAGE 1 While the Seattle high-end market took a bit longer to recover, this segment of the market is now buzzing right along, too.

In looking at the Seattle luxury market as a whole, during the period of Jan. 1, 2021, to May 31, 2121, sales of homes and condos over $2.5 million rose from 38 sales in 2020 to 121 in 2021, a 218 percent increase.

An interesting development in the luxury category: Broadmoor could be the hottest neighborhood in Seattle! Twenty-one closed sales since Jan. 1, and 17 of those have closed since April 1. For those homes listed in 2021, the average market time is seven days! As of press time, three of the five highest Seattle sales in 2021 were in Broadmoor.

The market is moving fast, and staying on top of current statistics and trends is important if buying or selling a home is in your future.

Let’s dig into the most recent numbers: For Denny Blaine, Broadmoor, Washington/Madison Park Jan. 1, 2021, through June 21, 2021: 87 sold homes Average Sales Price: $2,244,199 Average Days on Market: 43 Average Price Per Square Foot: 760.27 Lowest Sales Price: $299,000 Highest Sales Price: $7,500,000 Selling at % of last listed price: 98.14 percent Over $2.5M market time is 56

days, and there were 32 sales with an average price of $3,620,375.

Jan. 1, 2020, through June 21, 2020: 39 sold homes Average Sales Price: $1,741,035 Average Days on Market: 48 Average Price Per Square Foot: 677.68 Lowest Sales Price: $500,000 Highest Sales Price: $3,998,000 Selling at 98 percent of last listed price For 98112 Jan. 1, 2021, through June 21, 2021: 235 sold homes Average Sales Price: $1,578,616 Average Days on Market: 32 Average Price Per Square Foot: $668 Lowest Sales Price: $295,000 Highest Sales Price: $7,500,000 Selling at 101 percent of original listed price 39 of these are $2.5M+, and the average market time over $2.5M is 45 days Jan. 1, 2020, through June 21, 2020: 132 sold homes Average Sales Price: $1,264,592 Average Days on Market: 36 Average Price Per Square Foot: $606 Lowest Sales Price: $265,000 Highest Sales Price: $4,850,000 Selling at 101 percent of original listed price My takeaways: We are seeing big changes year

JULY 2021

“As new listings come on the market, they are immediately scooped up by a plethora of waiting buyers, however. Historic low interest rates and a strong job market continue to drive the market. Without a home to buy, many sellers are staying put, resulting in a cycle that perpetuates the low-inventory dilemma. If there was ever a ‘seller’s market,’ this is it.” over year because last year we were essentially in the midst of a market halt due to COVID. Year-over-year real estate activity in our neighborhood remains strong and steady with sales up, prices up and days on market down In 98112, YTD 2020 vs. YTD 2021 shows a nearly 25 percent price increase In Denny Blaine, Broadmoor and Washington/Madison Park, the average home price increase year over year is nearly 30 percent.

A few housing trends that are making an impact in the real estate world:

ing updates/listing prep.

1. We continue to see multipleoffer situations at certain price points and in homes that are move-in ready; buyers are drawn to homes that do not require significant updating. An exception to that would be historic and architecturally significant homes.

My recommendation: Have your home show-ready. Bring in an agent to walk through your home to make suggestions regard-

3. The desire for homes in resort-style settings.

The ability to work from home and a desire for greater access to the outdoors, combined with lower mortgage rates, has resulted in a huge increase in second-home purchases over the last year.

Some of these vacation homes may ultimately become primary residences — especially for those getting close to retirement — but

2. Remote working is a trend that many believe is here to stay and continues to impact buying trends.

Even though many companies are transitioning back to the workplace, many employers have announced hybrid schedules, so having a suitable work-fromhome space is still a must-have for those (now tiresome?) Zoom calls.

Lifestyles have changed in the last 15 months, and that includes where we work out. Our buyers are looking for rooms that can be used for home gyms as well.

many have opted to invest in that sanctuary now as a result of pandemic lockdowns and the desire to seek respite from urban areas.

In closing, I want to thank everyone who has remained committed to serving our community, supporting our local businesses and improving this city we love.

Compassionseattle.org is an alliance of civic and community leaders working to address Seattle’s homelessness crisis. Check it out if you interested in their mission.

As of press time, there are only six homes for sale over $2.5M in Madison Park, Washington Park, Broadmoor and Denny Blaine.

Two of the residences are condominiums, and the highest priced single-family home for sale is a contemporary villa with 130 feet of Lake Washington waterfront.

If you have given any thought to selling your home, there has not been a better time in recent memory.

Our Compass experts have a long history in Madison Park, and are ready to help you navigate this unique time with the latest technology, top-notch marketing and proven pricing strategies.

Do you need help getting your home ready for sale? Ask about our Compass Concierge program!

If you’re buying, our knowledgeable agents will help you achieve success in this still competitive market.

Evan Wyman Broker/Partner The Wyman Group @ COMPASS

PROVEN RESULTS

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he sun is out and so are buyers! We are experiencing a similar sales surge to last year, but with about half the inventory. So far yearto-date, pending sales of single-family homes and condominiums in the four-county region are up 30 percent, while inventory is down 52 percent— it’s thus no surprise that median home prices are on the rise. If you’re considering your next move, I’d love to discuss our current market and how to prepare for a successful home sale.

WHAT CLIENTS ARE SAYING "Working with Laura Halliday was incredible! Her insight to the Broadmoor/Madison Park/Washington Park neighborhoods is unrivaled. Professional, responsive, and decisive, she saw value in our home far in excess of what was reflected on any of the online

Founding Member | Managing Broker Senior Global Real Estate Advisor 206.399.5842 | Laura.Halliday@rsir.com

A CONTINUED LEGACY Realogics Sotheby's International Realty ranks amongst the largest most productive and fastest-growing real estate companies in Washington with access to 24,000 brokers in 75 countries and territories generating global sales of $150 billion annually.

SOTHEBY’S AUCTIONS

websites. She created beautiful marketing collateral and negotiated an outstanding offer on the first day of listing. We can’t imagine a better experience."

- Nathan Goderstad & John Christensen

Sotheby’s Auction House Presents ArtCrush 2021, an auction to benefit the Aspen Art Museum, presenting the most important evolutions in international contemporary art.

SOLD ON VASHON | $3,000,000

12518 Southwest 144th Street, Vashon — I am elated to share the recent sale of a truly unique estate offering at Peter Point on Vashon Island. This magical home, positioned on 645 feet of waterfront and a near seven-acre parcel, closed above the list price.

SOLD IN BROADMOOR | $3,850,000

2105 Parkside Drive East, Seattle — I recently assisted my clients in positioning this George Stoddard Tudor for the market. Less than one week after listing, we secured the sale and closed at $55K above the asking price. Truly, a brick and mortar bonanza!

LauraHalliday.com Each Office Is Independently Owned And Operated. Seller reserves the right change the product offering without notice.

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JULY 2021

Post-COVID challenge: Deepen ties to neighbors

Seattle Shakespeare returns to live performances this summer After more than a year of only virtual programs due to the COVID-19 pandemic, Seattle Shakespeare is returning to the parks this summer with a free Wooden O production of “The Comedy of Errors.” Starting July 23, the play will perform in 10 park venues throughout the region through Aug. 8.

Seattle Shakespeare Artistic Director George Mount will direct the production.

Appearing in The Comedy of Errors are MJ Daly, Kelly Karcher, Rico Lastrapes, Kate Witt, and R. Hamilton Wright. Set design is by Craig Wollam, costume design by Jocelyne Fowler, and sound design

by Robertson Witmer.

Seattle Shakespeare will abide by each city and venue’s safety requirements and will require our patrons to follow those protocols as well. See for www. seattleshakespeare.org for more information.

TICKETS: Wooden O performances are free and open to the public, but donations are encouraged

Seattle Opera welcomes back audiences with outdoor concert Residents are invited to the return of live music at Seattle Opera’s Welcome Back Concert: “Die Walküre” at 7 p.m. Aug. 28. Tickets go on sale to the public at 10 a..m. July 12. Go to seattleopera.org/ welcomeback.

Before returning to McCaw Hall this fall, the company will offer an outdoor concert featuring highlights of the Ring’s most popular opera. This music includes Brünnhilde’s battle cry “Hojotoho!”

Wotan’s poignant farewell “Leb’ wohl,” and the incomparable “Ride of the Valkyries,” used in movies such as “Apocalypse Now” and “The Blues Brothers.”

Richard Wagner’s larger-than-life masterpiece is brought to life by an acclaimed group of artists, the Seattle Symphony Orchestra, and Maestro Ludovic Morlot — known for his major contributions as the symphony’s former leader, according to a Seattle Opera press release.

“Our Welcome Back Concert marks the big comeback of live music at Seattle Opera and at Seattle Center,” General Director Christina Scheppelmann said in a press release. “We’re so grateful for the

Post-Covid challenge

Meet three new neighbors this summer! Can you learn their names; who’s in the household? Let this be an organic process.

When you see a neighbor out and about, introduce yourself, and over time you may uncover some shared interest to build on. Perhaps they might join you in organizing a block party this summer.

If you are willing to schedule your block party on the first Tuesday of August, this year Aug 3, the Seattle Police Department “Night Out” program allows you to register your block party at its website. This registration saves you from going through the street closure permitting process.

If you don’t see yourself as a person to get others engaged in some kind of group effort but would be interested in joining some effort underway, contact or keep an eye out for more news from your MP neighborhood emergency prep team contacts: Sarah Armstrong, saraharmstrong215@gmail.com, or Margie Carter, margiecarter@comcast.net. As fall arrives, we may have a small plan in place for a get together of some kind, building on lessons learned from Covid, and keeping our neighborhood spirit moving forward. perhaps offering to bring groceries or share information on where testing or vaccination sites were being set up. I’ve heard stories of how SNAP acquaintances with an exchange of contact information led to home support by a medically trained neighbor when it didn’t feel safe to go to a hospital.

One group organized a socially-

after the show.

Wooden O 2021 Performance Schedule (Dates, times and venues subject to change) 7 p.m. to 9 p.m. Friday, July 23 — Riverton Heights Park, Seatac 7 p.m. to 9 p.m. Saturday, July 24 — Klahanie Park, Sammamish 6 p.m. to 8 p.m. Sunday, July 25 — Mural Amphitheatre at Seattle Center 7 p.m. to 9 p.m. Thursday, July 29 — Confluence Park, Issaquah 7 p.m. to 9 p.m. Friday, July 30 — Wright Park, Tacoma 5 p.m. to 7 p.m. Sunday, Aug. 1 ­— Des Moines Beach Park, Des Moines 7 p.m. to 9 p.m. Wednesday, Aug. 4 — Steel Lake Park, Federal Way 7 p.m. to 9 p.m. Friday, Aug. 6, — Dune Peninsula at Point Defiance State Park, Tacoma 6 p.m. to 8 p.m. Saturday, Aug. 7 — Columbia Park, Seattle 5 p.m. to 7 p.m. Sunday, Aug. 8 — Seward Park Amphitheater, Seattle

support we received from our audiences during the pandemic and are thrilled to present Wagner’s great music for our community.”

The cast includes Washington native and internationally in-demand soprano Angela Meade as Sieglinde; Meade is the previous winner of both The Metropolitan Opera’s Beverly Sills Artist Award and a Richard Tucker Award. Returning artists included lauded bass Raymond Aceto as Hunding, and Brandon Jovanovich as Siegmund. Now starring in Seattle Opera’s hit streaming production of Tosca, Alexandra LoBianco returns as Brünnhilde. Eric Owens, a two-time Grammy Award winner makes his Seattle Opera debut as Wotan.

The performance will be held outdoors on Seattle Center’s Fisher Pavilion lawn, with state-of-the art amplification. Large LED TV screens will provide a close-up look of the singers and orchestra. The audience will be seated on the lawn — with room to spread out and distance from other viewers.

Tickets are $40; children 6 and under are free. For those unable to sit on the lawn, a limited number of chairs will be available for purchase.

Masks will be required in order to protect the youngest community members, as well as those who are unable to be vaccinated.

distant (block party promenade) at the end of the work day to see

some friendly faces in the dark of winter. Other neighbors found regular solidarity in their isolation by doing front porch noise making at a designated time of the evening, expressing thanks to essential workers.

So, whether or not we are part of a neighborhood SNAP group, the question remains: How do we keep neighborhood connections alive going forward? With the expansive feel of summer, can we remember to not neglect our neighbors, but rather find opportunities to get to know each other better?

We may not want to become best friends with our neighbors, but we can certainly learn their names and greet them with a few moments of acknowledgement.

We may find something to comment on, an indirect or even direct way to express an interest in being neighborly.

THERESA TRUEX PREMIER DIRECTOR | WINDERMERE REAL ESTATE MIDTOWN (206) 972-7768 • ttruex@windermere.com theresatruexproperties.com

theresatruexproperties.com

Theresa Truex MADISON PARK PROPERTIES

Home insurance from someone you can trust.

Call me today.

WALLY GREEN 206-322-8744

4020 E MADISON ST STE 102 SEATTLE Subject to terms, conditions and availability. © 2015 Allstate Insurance Co.

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230967

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sn’t it grand to with, and how be stepping out might you keep that and greeting in your life going a post-COVID forward? shutdown summer?

Most of us who A feeling of expanhad done some siveness is in the work on emergency air, and with fewer preparation were restrictions, most thinking “devastatof us are reuniting ing earthquake,” not with farther-flung highly contagious, friends and family. deadly virus. But Margie Carter As we catch up here, too, we found MP Emergency on these imporsome discoveries Preparedness Team during the year of tant relationships, our story telling COVID shutdown. is sprinkled with Those who had stories of the year our lives went set aside some emergency supawry, not all of which is negative, plies could immediately protect for sure. We discovered great crethemselves with face masks, hand ativity and resilience in ourselves; sanitizer, bleach, basic first-aid assessed what we valued about supplies, food and even toilet slowed-down lives; made new paper — hooray! acquaintances with routines and If we had taken further steps people not previously considered; by getting to know our neighfound different ways to acknowlbors and forming what the City’s edge people and things that are Office of Emergency Manageimportant to us. I’ve been nudging ment refers to as SNAP groups my family and friends to uncover (Seattle Neighborhoods Actively and say these things out loud to Prepare), Prepare - Emergency each other, and here I try that on Management | seattle.gov, you, dear reader. What lessons did COVID lockdown provided us you learn in the time of COVID? with the opportunity to greet What are you proud of or pleased each other by name on the street,

Pacific Publishing Company – Queen Anne & Magnolia News • Madison Park Times • City Living Seattle

JULY 2021

Home Starts Here Your buying and selling journey is only a click away.

1620 43RD AVE E #13B | WASHINGTON PARK $1,895,000 | ACTIVE

2307 MCGILVRA BLVD E | MADISON PARK $1,295,000 | PENDING

12518 SW 144TH ST | VASHON $3,000,000 | JUST SOLD

1709 DEXTER AVE N #A | QUEEN ANNE $1,490,000 | PENDING

At Realogics Sotheby’s International Realty, we understand today you are asking a lot of your home—and sometimes your home has to change to fit the way you live. The newly evolved rsir.com offers the intelligent solutions you seek when it’s time to head out on your real estate journey. Honored as the 2020 “Best Overall Real Estate Website” by REAL Trends, you can navigate the site with confidence, leveraging the powerful search, customizable market data, in-depth community insights, and award-winning video, all in one place. A leader in global reach, rsir.com offers a suite of online tools to help make your next move seamless. Our local real estate experts are ready to design a custom marketing program for your home. Connect with them today to receive the latest market data and take your next step.

Meet your global real estate advisors:

Neda Perrina

206.218.8589

Cindy Paur

206.949.4497

Leslie Dickinson 206.200.2174

John Madrid

206.498.1880

WE'RE OPEN ONLINE 24/7

Laura Halliday

206.399.5842

Hoady Spencer 206.372.1092

Toby Lumpkin

206.786.2035

4031 East Madison Street | Visit rsir.com or call 206.466.2409

Madrona Farmer's Market

Summerfest

Fat Salmon Annual Open Water Swim Race

Offering a range of seasonal produce from Washington farmers, fishers, and ranchers you'll find an extraordinary variety of artisan foods made from locally grown ingredients. More information available at sfmamarkets.com/madrona-farmers-market.

Bring the whole family to spend the afternoon listening to music, playing games, face painting, making art, learning about bugs and birds, and going on a scavenger hunt in the gardens. More at evergreenarboretum.com/ classes/summer-family-fun-event.

One of the largest adult open water swim events in the Puget Sound region with approximately 350 participants each year. Since 2015, the Orca Swim Team has been the proud host of this event. Info at fatsalmonswim.com.

Each office is independently owned and operated.

rsir.com

Seller reserves the right to change product offering without notice.

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JULY 2021

Chris Sudore “As a Madison Park Resident, I care about your home‘s value.”

Curious what your home is worth in today‘s market? Contact us today for a free market evaluation.

Sold $1M over ask | $3,448,000 | South Beach | 10901SouthBeach.com

Pending | $1,450,000 | Wedgwood | Multiple Offers

Pending

Pending

Pending

Sold

Coldwell Banker‘s Global Luxury Team | King County Estates

Chris Sudore President/Founder of King County Estates 206.799.2244

Marta Grzankowski Sales Broker & Office Manager 425.519.3345

Jennifer Vandiver Sales Broker 509.969.6767

Chris Sudore | Managing Broker Madison Park Your Specialist In: Madison Park • Washington Park • Broadmoor • Denny Blaine • Capitol Hill • Madrona • Leschi

Ryder Fasse Sales Broker 206.351.0923

Nikki Betz Sales Broker 206.919.1870

Megan Bassetti Marketing Manager

Chris@KingCountyEstates.com 206-799-2244 KingCountyEstates.com

Pacific Publishing Company – Queen Anne & Magnolia News • Madison Park Times • City Living Seattle

JULY 2021

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JULY 2021