Magnolia Real Estate Market Report – May 2017

 

Not sure what is heating up faster, the weather or the Magnolia real estate market. All across Seattle we are seeing rising prices and more home sales. Last month there were 44 single-family homes sold in the area, 8 more than April (2017) and 10 more than May 2016. The average list price has gone up from $956,631 (May 2016) to $1,055,468 (May 2017). The highest sold price was $3,350,000, which is $1,450,000 more than May of 2016.

Condominium sales are also showing growth in the Magnolia neighborhood. There were 6 more condo sales this past May than May of 2016. The median price for a home has gone up over $100,000 more than last year, but the lowest sold price dropped from $239,000 (May 2016) to $220,000 (May 2017).

As you can see by the statistics provided above, the real estate Market in Magnolia continues to be extremely dynamic, and that’s not anticipated to change as summer continues to roll on in the Pacific Northwest. For more information on  Magnolia (and Seattle) real estate, or if you are curious about what your house might be worth in this strong market, please contact your local real estate broker for a free market analysis and conversation about your home.

Film Comes To Life In “Film Is Dead” Exhibit

In the midst of the digital age, many are astounded that film still even exists. Everyone has digital film and video capabilities, and film Is very expensive, so, why bother right?

While that may have been what you thought once upon a time, your mind will be forever changed once you see the brilliant art made on and with film by artist Jennifer West at her Seattle Art Museum installation “Film Is Dead”.

In this revolutionarily inventive show, West uses 70mm, 35mm and 16mm analog film strips to create beautiful and visually compelling works of art. She treats the film with common household items including food coloring, nail polish, coffee, vinegar, bleach and more to create patterns and unplanned but stunning effects by eroding the films emulsion, staining it and letting the film take one whatever characters it might.

West’s SAM exhibit features film strips and remnants that have been treated and manipulated by the artist in this way, hung from the ceiling, and spanning almost the entire length of the gallery.

In addition to the physical installation at SAM, West has taken many of these works and digitized them to create a film that explores the differences and relationship between the analog and digital qualities of the film medium, creating another layer to this thought provoking artistic experiment.

Jennifer West is a Los Angeles based artist with some history in the Seattle. West received her Bachelor of Arts degree from Evergreen State College in Olympia before returning to her home state of California to earn her Masters in Fine Arts from ArtCenter College of Design in Pasadena.

West’s works have been displayed in various solo and group exhibitions across the country and the world including Los Angeles County Museum of Art, Lisa Cooley Gallery, New York, NY, Yuz Museum, Shanghai, China, Contemporary Art Museum, Houston, Transmission Gallery, Glasgow, Portland Institute for Contemporary Art, Portland, OR and many more.

Her love affair with film dates back more than ten years and she boasts a very interesting and varied portfolio of works including photographic and video works using different and rare types of film and film techniques, light play, performance and her unique film quilts and magic lantern works. West’s style and aesthetic are likely different from any you’ve seen before, exploring and challenging the differences between modern digital photographic art and classic analog film techniques. Her style simultaneously evokes nostalgic feelings and encapsulates a modern and almost futuristic aesthetic, and over all seems to challenge films obsoleteness and the digital waves supremacy.

If you share a love of visual arts, interesting techniques, the fusion of arts and science or simply subscribe to the thought that everything old is new again, “Film Is Dead” is a show worth seeing, if for no other reason than to see something beautiful before it’s gone.

 

 

 

 

JENNIFER WEST: FILM IS DEAD . . .

Exhibit on display through SUN MAY 7 2017

SEATTLE ART MUSEUM

THIRD FLOOR GALLERIES

Get Sweaty And Sip On Sweetness At The 2017 Hot Chocolate Run

It’s almost time to lace up those running shoes and sign up for the annual Hot Chocolate 15/5k run! This year’s yummy and fun event kicks off on Sunday, March 5th at Seattle Center How’s that for a great way to spend the first Sunday-Funday of March, both for seasoned runners and first-timers who aren’t afraid of a challenge!

The fun begins bright and early at 6:45a.m. with the 5K and the 15k starts at 7:55a.m. Race participants can expect a fun, well organized and challenging race through the heart of beautiful Downtown Seattle (hills and all!), a fabulous SWAG bag of goodies to take home, of course, delicious chocolate. Talk about motivation to finish strong!

If you’re looking for a fun way to spend your Sunday while getting a great workout, consider signing up for this once-a-year event. The challenge is worth it to get to the Post Race Party where runners will enjoy music, a family friendly environment and a ‘finisher’s mug’ filled with hot chocolate, chocolate fondue and delightfully dippable treats. Don’t count the calories, you will have more than earned this chocolate indulgence!

The Hot Chocolate Run isn’t just a great way to spend a day off. The Hot Chocolate Run is partnered with Ronald McDonald House Charities, helping to provide a home-away-from-home for children and the families of children being treated at Seattle Children’s’ Hospital, at little to no cost to the families. A portion of the proceeds from signing up for this race will go to this outstanding cause, helping to make a real difference in our community.

Not into running or chocolate? That’s fine! But be aware, this race will take place in Downtown Seattle and along many main roads and thoroughfares, so you will want to plan ahead for any travel on that day. Take a look at the map (left) to see the route and read the chart below for a street closure timeline, to help you plan your day.

This event is great to do with friends, family or even by yourself. You’ll probably leave with new friends after a little friendly competition! This event brings together people from all over the city and state, so get out there, mix, mingle and help build a wonderful feeling of community in our fair city. Sprint into Springtime at this fabulous annual event, get a good sweat on and maybe even make some new friends….oh and eat chocolate! Do we really need to sell you on this?

For more info on this event, road closures, the post-race party and more, visit the Hot Chocolate Run website here.

 

 

 

Anticipated Road Closures:

Street Closure From To Side of Road Closure Time Anticipated Opening
2nd Ave Thomas St Broad St Whole Road 6:15AM 9:10AM
Broad St 2nd Ave Elliott Ave Westbound 6:15AM 9:15AM
Elliott Ave Broad St SR-99 NB On-Ramp SB One Lane 6:15AM 9:20AM
Elliott Ave SR-99 NB On-Ramp Western Ave Whole Road 6:20AM 9:20AM
Western Ave Elliott Ave Spring St Whole Road 6:20AM 9:40AM
SR-99 Bell St John St NB Lanes 6:15AM 11:15AM
SR-99 Western Ave John St SB Lanes 6:15AM 10:25AM
Aurora Ave Denny Way 45th St NB Lanes 6:15AM 11:15AM
Aurora Ave 38th St Denny Way SB Lanes 6:15AM 10:25AM
Harrison St Aurora Ave Dexter Ave Whole Road 6:25AM 11:15AM
Dexter Ave Harrison St Mercer St SB One Lane 6:25AM 11:15AM
Mercer St Dexter Ave 5th Ave East Bound Lanes 6:25AM 11:20AM
5th Ave Mercer St Thomas Ave SB Lanes 3:00AM 12:00PM
5th Ave Mercer St Thomas Ave NB Lanes 6:25AM 11:25AM

Reminder About The Magnolia Farmers Market

NFM_MarketLogos_r1c

Just a friendly reminder that the Magnolia Farmers Market takes place every Saturday through October 17th. The Farmers Market is open from 10 AM – 2 PM on those Saturdays, and it is located between 33rd Avenue W and W McGraw Street in the Magnolia Village.

Be sure to go and check out the Magnolia Farmers Market on the remaining Saturdays through October 17th, and check out all of the local produce and items that they have to offer.

See you there!

Magnolia Real Estate Report for June

August Real Estate

Needless to say, the month of June was an absolute scorcher in Seattle, and so too was the real estate market in Seattle’s Magnolia neighborhood. As we know, the summer months typically signal the busiest time of year for real estate transactions, and we saw this to be true when we look at last month’s statistics. Let’s take a look at some of the real estate highlights for the month of June in Magnolia:

According to the Northwest Multiple Listing Service, June brought about the sale of 47 single-family homes. The median sales price of those 47 homes was approximately $831,134. The homes that sold in the month of June averaged being on the open market for just 26 days, and the total dollar amount of those transactions totaled roughly $39,063,319. That’s pretty incredible for a month’s work!

There were also 11 condominiums sold in Magnolia in June at a median sales price of $354,454 and averaged being on the market for only 13 days.

As you can see by the statistics provided above, the real estate Market in Magnolia continues to be extremely dynamic, and that’s not anticipated to change as summer continues to roll on in the Pacific Northwest. For more information on  Magnolia (and Seattle) real estate, or if you are curious about what your house might be worth in this strong market, please contact your local real estate broker for a free market analysis and conversation about your home.

Magnolia Real Estate Report for May

August Real Estate

The month of May has come and gone, and although the weather makes it seem like we’re right in the middle of summer, the official start is just a few weeks away. The beginning of summer typically signals the busiest time of year for the real estate market, but the last several months have been quite active as well. Let’s take a look at some of the real estate highlights for the month of May in Magnolia:

According to the Northwest Multiple Listing Service, May brought about the sale of 38 single-family homes. The median sales price of those 38 homes was approximately $895,108. The homes that sold in the month of May averaged being on the open market for just 26 days, and the total dollar amount of those transactions totaled roughly $34,014,104. Not a bad month’s work!

There were also 8 condominiums sold in Magnolia in May at a median sales price of $337,056 and averaged being on the market for only 18 days!

As you can see by the statistics provided above, the real estate Market in Magnolia continues to be extremely dynamic, and we don’t anticipate that to change as we get deeper into the summer months. For more information on  Magnolia (and Seattle) real estate, or if you are curious about what your house might be worth in this strong market, please contact your local real estate broker for a free market analysis and conversation about your home.

Magnolia Chamber of Commerce Spring Fest 2015!

springfest-2015

Join the Magnolia Chamber of Commerce for Spring Fest in the Village on Friday, April 24th from 6:00 PM – 9:00 PM!

This event will keep the entire family entertained, with music by the Superchargers (sponsored by Serendipity), a bouncy house (sponsored by Ewing & Clark, Inc), a beer garden (featuring Hale’s Ales), and art pieces in various participating businesses.

Bring the family out and have a great time in the Magnolia Village next Friday, the 24th!

*The Magnolia Village is located at W McGraw Street, Seattle, WA 98199

 

Magnolia Real Estate Report for 2015 (Thus Far)

August Real Estate

It is not a secret that the year 2014 was a huge success for the real estate market in Seattle, and particularly in the Magnolia neighborhood. Homes were purchased, sold, and tons of transactions were agreed upon last year. Now that we are a couple of months into 2015, let’s get an update on what the Magnolia real estate market is looking like thus far.

According to the Northwest Multiple Listing Service from January 1, 2015 – March 19, 2015, there has been 59 homes sold in Magnolia. The median sales price of those 59 homes was $685,525. The homes that sold so far this year averaged being on the open market for a total of 58 days before they were purchased. Of the 59 houses sold, 48 have been residential homes and 11 have been condominiums. The total volume of those 59 transactions totals $40,446,032. 2015 is certainly not off to a bad start!

As you can see by the statistics provided above, the year 2015 is off to a good start for real estate transactions in Magnolia. With spring and warmer weather right around the corner, expect the market to continue to heat up even more! For more information on  Magnolia (and Seattle) real estate, or if you are curious about what your house might be worth in this strong market, please contact your local real estate broker for a free market analysis and conversation about your home.

Commercial Condo Available in Magnolia!

Commercial Condo for Sale

A 2,036 square foot Magnolia condo in the Chez Nous building located at 2100 Thorndyke Avenue West is available for purchase.

This particular unit allows for both commercial and residential uses, however the unit has only been occupied by commercial tenants thus far.

Shower, closets, appliances, and kitchen would need to be installed if unit were to be used as a residential space.

The Seattle condo features large, westerly facing windows which look out onto Puget Sound and downtown. The space also features a convenient, open layout with a kitchenette and high ceilings.

The asking price for this Magnolia space is $475,000.

Tours are by appointment only, and can be scheduled with Ewing & Clark broker Brian Mayer. Brian can be reached at (206) 441-7900.

 

Magnolia Winterfest 2014

holiday

The 2014 Magnolia Winterfest is set to take place on Saturday, December 6th from 4:00 PM – 8:00 PM.

Organized by the Magnolia Chamber of Commerce, this years Winterfest will definitely have something for everyone! There will be festive treats, carolers, live reindeer, Santa Claus, tree-lighting, kids attractions, food & drink, and shopping in the Village!

Join the Magnolia Chamber of Commerce for Winterfest 2014 and help celebrate the winter season by spending a great and festive night in the Village!