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.
As our hot Seattle summer continues to drag on, thereal estate market continues to be quite dynamic, including Magnolia, which has seen a ton of activity. According to the Northwest Multiple Listing Service, July brought about 26 single family home transactions, at a median sales price of $668,000.There were 69 homes available for sale in July. Of the 26 homes that did sell, they averaged being on the open market for 10 days, which is great news if you’re looking to sell your house!
Magnolia also had 16 active condominiums for sale in the month of July. Of those 16 condo’s, six were sold for a median sales price of $294,500.
Statistics continue to support that the Seattle –and Magnolia –real estate market has stayed hot, and you can bet that will continue to be the case all the way through the end of summer, which is typically the busiest time of year for real estate transactions. For more information on Seattle real estate, contact your local real estate agent today.
The buildings located at 2406 32nd Avenue West (Down from Ace Hardware and Across from the Magnolia Garden Center) have long been empty, boarded up, and covered with graffiti. However, a four story apartment building with retail space on the ground floor is in the works.
The new building, is reportedly going to have 24 one and two bedroom units, as well as 32 parking spaces in the basement, and 6,300 square feet of retail space on the ground floor.
The Architects of this new development got the “OK” from the Design Review Board, and are now just waiting on the final permits, which should take around 4 months. Construction is then estimated to take about one year.
It will be great having some bright, new buildings coming to Magnolia in the near future, they should be a wonderful new addition to our community!
The Seattle real estate market continues to be quite dynamic, including Magnolia, which has been seeing a ton of activity. According to the Northwest Multiple Listing Service, the month of May brought about 31 single family home transactions, at a median sales price of $738,000. Buyers seem to be eager to find a home in Magnolia, as the 31 homes that were for sale last month averaged out to being on the market for only 10 days. That’s good news if you’re looking to sell!
Magnolia also saw sales of four condominiums in May. The median sales price of the condos went for $538,000 and averaged being on the market for just 13 days.
Statistics continue to support that the Seattle –and Magnolia –real estate market has stayed hot, and you can bet that will continue to be the case as we get closer to the summer, which is always the busiest time of year for real estate transactions. For more information on Seattle real estate, contact your local real estate agent today.
This new large three unit townhouse is now available in the Magnolia neighborhood! All three bedrooms in this unit have their own attached bathroom, and their is a powder room to boot on the lower level. The unit has a wonderful little garden out back, but the real beauty of this listing is where the cook slaves away; the kitchen boasts beautiful cherry wood flooring (as does the living room) and cabinets, and sleek granite counter tops with ample storage. This unit is in a great neighborhood in close proximity to Magnolia Manor Park and the Interbay Golf Center. For more information on this unit, visit Ewing & Clark Inc.
Did you notice your garbage was still in the driveway when you came home from work yesterday afternoon? You weren’t the only one! The Waste Management Team in King and Snohomish counties went on strike yesterday afternoon against the largest refuse service over wage and benefits issues in the Northwest. According to the Seattle Times, the Local 117, which includes 153 recycling-route drivers walked out yesterday, and were joined by the garbage truck drivers of Local 174 shortly after.
Drivers began to pull service trucks into the South Seattle Waste Management yard, stepped out of their vehicles and picked up a picket sign. Their strike affects over 220,000 in King and Snohomish counties, and Waste Management could be issued steep fines should the strike drag out; up to $4,500 dollars a day for failing to make scheduled collections, and $250,000 if the strike drags out longer than a week. Drivers have been without a contract since May 31st, and are disputing the wage gap between recycle drivers who start at $17 an hour vs garbage drivers who’re starting at around $26 an hour. At this time there are no plans for negotiation in place, Waste Management hopes drivers will come back to work. For more information on the strike, visit the Seattle Times.