The month of August has come and gone, but the Seattle real estate market continuesto show no signs of slowing down, particularly Magnolia, which has been thriving for months now.
According to the Northwest Multiple Listing Service, August brought about the sale of 33 single-family homes at a median sales price of $639,000. There were 55 active homes for sale in August. Of the 33 single family homes that did sell, they averaged being on the open market for only 19 days. Real estate transactions are obviously moving pretty rapidly in Magnolia these days!
Condominiums were also a hot commodity in August. 11 condos were sold in Magnolia at an average sales price of roughly $293,000 for the month.
As you can tell from the statistics reported above, the Magnolia real estate market has continued to stay hot, and shows no signs of slowing down at this point. That is great news if you’re looking to buy or sell a condo or single-family home. For more information on Magnolia (and Seattle) real estate, contact your local real estate agent today.