December 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
When buying or selling, get creative to win
continues to be positive. Interest At the end of a year rates are still low, and job growth in which so much was and relocations to the area reunprecedented — in busimain high. ness, society and politics However, the houses that are — the real estate market coming on the market are movwas no different. Whether ing fast. In Madison Park and you were buying, selling our surrounding neighborhoods, or considering diving in, there’s only three weeks’ worth Seattle’s real estate climate of inventory available. If you was hotter and moved remember that analysts consider faster than ever. four to six months of inventory a Following the total neutral market, it’s clear we’re in shutdown in the first half Chris Sudore an uber seller’s market. of 2020, home prices and Property Views The lack of inventory is creatsales soared as inventory ing ferocious demand, and brodwindled. Competition kers have to get creative to get a deal made. for the few homes for sale is fierce. The The new normal numbers in this hypermarket could not, To get a sense of what that means, here’s and were not, predicted. Every metric just one example. In October 2020, I listed — listings, sales, prices — beat last year’s a house for $2.75 million. It stayed on the numbers. market for 60 days, and then the sellers There’s nothing on the horizon — short pulled it off the market. They then received of a natural disaster or other catastrophic events — that will slow this down in the SEE PROPERTY, PAGE 3 next 12 to 24 months. The economic news
THE PENTHOUSE RESIDENCE AT SMITH TOWER IS NOW UNDER LONG-TERM LEASE
MOIRA E. HOLLEY moirα@moirαpresents.com 206.612.5771 moirαpresents.com
Homes Closed in Madison Park, Madison Valley, Washington Park, Denny Blaine, Broadmoor, Leschi and Madrona from Octobe S old A ddr ess B ed B ath Sq Ft B uilt Day s on M k t 2400 E Howell St Unit #D 2 2 960 1988 5 3 1.5 2,340 1901 22 130 28th Ave 2 1.5 1,090 2005 12 227 24th Ave E Unit #B 2 1 1,820 1933 6 1105 33rd Ave S 2 1.75 1,290 2017 6 230 26th Ave E 2 1.5 1,391 2021 11 2902 S Judkins St 3 1.5 1,210 2008 5 124 24th Ave E Unit #B 4 2 1,600 1966 11 902 31st Ave 3 2 1,880 1983 6 1835 Martin Luther King Jr. Wy 3 1.75 1,620 2021 34 1306 30th Ave S 3 3.25 1,780 2007 6 1816 27th Ave Unit #A 3 1.75 2,444 1913 6 1605 Martin Luther King Jr Wy 4 1.75 2,740 1903 12 131 28th Ave 3 3.5 1,750 2008 3 1713 27th Ave 3 2.5 1,720 2004 5 1833 26th Ave 3 1.75 1,830 2017 2 112 27th Ave E Unit #A 4 2 1,830 2001 6 1320 30th Ave S 3 2 2,240 1919 7 3619 E Terrace St 3 1.75 2,010 1922 21 3812 E Madison St 3 2.25 2,300 1990 5 1515 29th Ave S 3 2.25 1,813 2021 1 1310 30th Ave S 4 3.25 2,227 2021 7 2809 E Denny Wy Unit #A 4 2.5 2,160 1904 6 1827 24th Ave 3 2.25 2,840 1905 7 737 33rd Ave 3 2.5 2,440 1927 5 209 36th Ave 4 2 2,839 1925 20 1502 39th Ave E 3 1.75 2,896 1996 20 3324 E Ford Place 5 4.25 4,470 1904 6 220 30th Ave 3 3 3,410 1931 7 197 34th Ave E 4 3.5 4,150 2016 10 2066 41st Ave E 5 4.25 4,090 1903 15 122 Madrona Place E 5 3.5 5,300 1907 3 1039 36th Ave E 4 6 9,791 2007 9 Lake Washington Blvd