Magnolia Summerfest

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Summerfest is here! 

Saturday, August 6th @ 10:30 am -Parade

Sunday, August 7th @ 2 pm- Youth Talent Show

Sunday, August 7th @ 5pm- Pet Parade

Food trucks, Urban Craft Uprising Vendors, bounce houses, live music, and beer garden!

Washington State Home Sales Soar Past Previous Highs

sold-sign2015 may have been an interesting year for many reasons, but in the world of Washington real estate, it sure felt like the good old days.

Not since the way-back-when of 2007 had so many homes and condominiums sold in the Evergreen State. According to the Northwest Multiple Listing Service, 2015 saw a whopping 88,331 homes changed hands last year, about 14% more sales than in the previous year. Those who have done the math say that works out to about 75,975 single family homes and 12,356 condominiums, valued at approximately $34 billion, about 23% more than the dollar volume sold the year before. Those impressive figures make 2015 one of the best years for Washington State real estate in recent memory.

The last time this state saw real estate figures like that was in 2007, before the bubble burst and sent the country into what is not-so-affectionately known as The Great Recession. Even in 2007, the figures only added up to about 82,197 sales valued at $32.3 billion, according to the Northwest Multiple Listing Service.

Furthermore, despite a ‘lower inventory’, so to speak, prices and number of sales continue to grow. In King County, the median home price was $480,000 and more than 26,600 homes sold. Compare that to a median price of $440,000 and 26,600 homes sold, in 2014 and you’ll notice a jump of close to 10%. Snohomish and Pierce counties can top those figures with growth figures for both median home price and number of homes sold over last year at nearly 16.80% ($355,000, up from $326,360 with 11,303 homes sold) and 17.39% ($249,950, up from 230,000 with more than 13,200 homes sold) respectively.

Overall, region-wide, the growth was about 8.8% from 2014, with a median price for single family homes and condominiums at about $310,000, up from $285,000 last year.

Numbers like this are a positive and encouraging sign for the state of the real estate market and the country’s economy as a whole. Let’s just hope nothing comes along and tries to ‘burst our bubble’ this time.

July Real Estate Report for Magnolia

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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.

Magnolia Real Estate Report

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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.

 

Dine Around Seattle

It is time for, yet again, the biannual “Dine Around Seattle” event that invites residents to come out and support local business and restaurants around our great city.  From November 4th-29th, there will be a wide selection of great deals and discounts at various locations around Seattle.  Most restaurants are offering “3-Course Dinners for just $30” and some are even including “3-Course Lunches for $15.”  Come out and enjoy exclusive deals and seasonal dishes from the top chefs every Sunday through Thursday throughout November.

The event is put on by the Seattle Good Business Network.  They are in their eleventh year of hosting by stressing the strengthening of our community through the support of local businesses.  One of the top-rated businesses is located in our very own, Magnolia, is that of the Palisade’s Waterfront Restaurant.

Located in the heart of the Elliott Bay Marina, the Palisade, displays cultivating views of the water and sea-craft that port there.   Even with beautiful outdoor views, there is still an aesthetically-pleasing interior that gives off a soothing feeling to its visitors.  First, it is hard to miss the large water tank, near the entry, that keeps the Dungeness crab extremely fresh.  Secondly, they have a saltwater pond, filled with live Steelhead, that guests are able to walk over with a bridge conveniently located in the center of the restaurant.  Lastly, they have a mixed variety of seafood, steak and sushi that can meet expectations as restaurant-goers can taste the time and effort put into each dish.

Price Drop on Magnolia Townhome: $382,000

It is difficult to find this low of a price point in this neighborhood of Seattle!  This three-level townhouse is available in the beautiful neighborhood of Magnolia.  This area is known for its family-friendly environments and beautiful views of Puget Sound.  Only minutes from downtown, this three bedroom townhome is in a prime location.

One of its unique features is how every bedroom contains its own bathroom and there is also an extra powder room on the main floor.  Also, the kitchen is completely updated with stainless steel appliances, granite countertops and cherry cabinetry.

The backyard is completely fenced off and offers a cozy patio.  It is a perfect area to start a garden as it receives great sun exposure.  There is an abundance of street-parking around the unit, not to mention the one-car garage that is attached.

Don’t miss out on this opportunity.  If you are interested in viewing this unit or getting more information, please visit www.ewingandclark.com.

Fort Lawton Townhomes

Located on the western side of Discovery Park, Fort Lawton sits in a quaint manner on the bluff of Magnolia.  It was constructed in the early 1900’s with aspirations of being a major military presence in the Pacific Northwest.  The fort was a defensive development, which consisted of a vast majority of artillery weaponry, to defend against naval and air attacks.  The fort saw the most action during the world wars, but sat vacant for long periods of time.  Time passed and in the 1970’s, the fort and all of its property were given to the city of Seattle.

There are twenty-six units built within fourteen buildings near Discovery Park that make up Fort Lawton.  These historical military structures are now being offered up for sale to the highest bidder.   The city hasn’t set a minimum asking price, they are taking all offers (although, they are expecting offers to be in the millions).  The area is considered one of the most pristine in all of Seattle, as it contains breath-taking views of Puget Sound and Elliott Bay.

The homes have been preserved since 1974 and are considered official city of Seattle landmarks.  They are not allowed to be modified on the outside and very limited alterations are allowed on the interior.  The city feels the fort gives off a feeling of patriotism and freedom.  They are also hoping the exclusivity of the property is maintained and that any future buyers would respect Fort Lawton’s rich history.

Seattle Seahawks Big Win

The Seahawks entered yesterday’s game, as underdogs, against the Dallas Cowboys.  They left the field as victors over the group otherwise known as “America’s Team.”

The Cowboys had just come off of a huge victory over the reigning Superbowl champions, the New York Giants.  Tony Romo led the offensive charge with three touchdown passes and only one interception.  The Cowboy’s defense effectively shutdown the powerful offensive attack of the Giants, allowing only one TD pass from Eli Manning and mediocre yardage from their running game.  But unlike the Giants, the Seahawks came prepared for their match up against the Cowboys in week 2.

The Seahawks came out guns blazing as their defense sparked a 10-0 jumpstart after a blocked punt was returned to the house.  Their defense continued to trifle all of the Cowboy’s offensive opportunities and frustrated their leader, Tony Romo.

In the second half, it was all about the Seahawks rookie quarterback, Russell Wilson and running back, Marshawn Lynch.  This dynamic duo effectively managed the clock by moving the chains down after down.  Russell calmly threw a 22-yard touchdown pass to tight end, Anthony McCoy, in the third quarter.  While Lynch finished out his 122-yard day with a touchdown in the middle of the fourth quarter to seal the victory.

The Cowboys continue to disappoint as they have the talent to become a top-level team, but they proceed to have these unexplainable losses.  Whatever the case, they were not in sync on any level yesterday and the Seahawks took advantage.  Seahawk fans beware, their week 3 match up could be their toughest one yet, as they are set to face the Green Bay Packers.

Greek Cuisine in Magnolia

If you are looking for Greek cuisine in Magnolia, Nikos Gyros is the place.  Located at 2231 32nd Ave W, this restaurant is minutes away from the Magnolia Bluff.  It’s best to attend on a sunny day, order to go and take in the beautiful scenery on one of the benches on Magnolia Blvd.

This restaurant is known for its cost-effective meals for all ages.  They are known for the family environment and strong sense of community, but most of all their food.  Favorites include the Greek fries, the chicken souvlaki, pita bread, and of course the original gyros.

Their portions are large, so if you are considering sharing, feel free. The friendly staff makes for an enjoyable experience for anyone.  They are a family-owned business with a wide selection of fresh menu items.

If you are looking for a casual evening out while staying within your budget, Nikos Gyros in Magnolia is a great choice. Don’t forget to try the Greek fries, a little zest and feta will make you come back again!