Madison Park Times RE 07-01-20

Page 1

July 2020

Serving East-Central Seattle since 1983

Real Estate

Madison Park Times

MADISON PARK - WASHINGTON PARK - MADISON VALLEY - DENNY-BLAINE - MADRONA - LESCHI www .M adison P ark T imes . com

Summer is Heating Up the Madison Park Real Estate Market

I

t is undeniable that the COVID-19 pandemic halted what was shaping up to be a red-hot spring sales season in the greater Seattle area, but as buyers, sellers and real estate agents adjusted to a virtual approach to the purchase and sale of homes — and the government eased some “stay in place” restrictions — things began to heat up again in the Emerald City. Many industry experts agree that we could be moving toward a hot summer sales season with an uptick in activity that would’ve historically taken place in springtime. As you consider your real estate goals for the rest of 2020, I’ve compiled the latest stats in central Seattle with a further look Toby at the Madison Park market. Lumpkin The central Seattle region (area Property 390) started the year on an upViews ward trajectory in the number of homes for sale, which sharply declined as the pandemic hit. The average days on market, likewise, increased, as buyers navigated a virtual, socially distanced marketplace. By May, however, activity was  Housing, Page 7

Homes Closed in Madison Park, Madison Valley, Washington Park, Arboretum, Broadmoor, Denny-Blaine and Leschi in June 2020 Bed

Bath

2512 East Madison Street #401

Address

2

1

765

Sq. Foot

1991

Built

29

DOM

$455,000

Asking Price

$445,000

Sold Price

-2.25%

2400 East Howell Street #E

2

1

735

1988

22

$460,000

$450,000

-2.22%

1833 24th Avenue #B

2

1.5

893

2007

22

$625,000

$595,000

-5.04%

2907 East Olive St

3

1

1,280

1945

52

$610,000

$600,000

-1.67%

2725 C South Norman St

2

1.75

1,042

2020

47

$640,000

$615,000

-4.07%

1929 43rd Avenue East #200

1

1.75

954

1997

3

$698,000

$735,500

5.10%

125 26th Avenue East #A

3

3.25

1,620

2004

51

$825,000

$800,000

-3.13%

318 Martin Luther King Jr Way East

3

1.75

2,240

1925

12

$879,500

$849,500

-3.53%

2508 East Howell Street

3

2

1,530

1918

3

$799,900

$891,500

10.27%

721 33rd Avenue South

2

1.25

2,280

1928

77

$999,950

$900,001

-11.11%

1356 30th Avenue South

4

1.75

1,755

2000

6

$899,950

$915,000

1.64%

211 32nd Avenue East

3

2

1,720

1946

1

$999,950

$1,015,000

1.48%

4215 East Blaine Street

3

2

2,132

1988

67

$1,300,000

$1,125,000

-15.56%

621 29th Avenue East

3

2.25

1,870

1987

2

$1,140,000

$1,140,000

0.00%

416 26th Avenue East

3

2.25

1,550

1990

6

$940,000

$1,170,000

19.66%

3024 East Republican Street

3

2.5

1,940

2001

6

$1,300,000

$1,300,000

0.00%

2040 McGilvra Boulevard East

3

2.75

2,630

1942

5

$1,750,000

$1,750,000

0.00%

3835 East McGraw Street

3

2.5

2,810

1960

5

$2,298,000

$2,298,000

0.00%

CAPITOL HILL ESTATE SITED ON NEARLY AN ACRE OF GORGEOUS GARDENS & GROUNDS CAPITOL HILL | $5,980,000

Rarely-available Madison Park Sub-penthouse OFFERED AT $2,650,000 Representing sellers of distinctive homes and residences and buyers making the next move. Please contact me for a private tour of this exquisite property. To see my other active listings and recent sales, please visit lisaturnure.com.

206.919.6605 | lisaturnure@cbbain.com | lisaturnure.com EXPERIENCED. INNOVATIVE. TRUSTED.

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

Asking vs. Sold


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