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.

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!

Reminder About The Magnolia Farmers Market

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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 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.

Magnolia Real Estate Report for the Month of October

August Real Estate

The month of October came and went, and now it is hard to believe that the Holiday Season is almost upon us!  Fall and winter are generally a little slower than spring and summer as far as real estate activity goes, however that hasn’t been the case so far. Let’s take a look at Magnolia’s October real estate report:

According to the Northwest Multiple Listing Service, October brought about the sale of 37 single-family homes, compared to 29 sales in September. The median sales price of those 37 homes was $704,000. There were 41 active homes that remained available for purchase when October came to an end. The homes that did sell last month averaged being on the market for 73 days, compared to only 21 days in September. The total volume of those 37 transactions was $31,761,369. Not too shabby!

There were also 6 condominiums that were sold in October for an average price of $218,966.

It may be getting colder and darker this time of year, but statistics continue to support that people are still buying and selling a lot of real estate in Magnolia! 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 the Month of September

August Real Estate

The month of September in Seattle meant that the kids went back to school, summer weather didn’t let up, the Seahawks returned to the football field, and the real estate market continued to be very active.

According to the Northwest Multiple Listing Service, September brought about the sale of 29 single-family homes in Magnolia. The median sales price of those 29 homes was $777,000. There were 63 active homes for sale in September. The homes that did sell last month averaged being on the open market for a total of 21 days. Obviously, the real estate market is still moving pretty quickly!

There were also 2 condominiums that sold in September in Magnolia at an average price of $169,250.

As you can tell from the statistics reported above, the Magnolia real estate market has continued to stay hot, which is great news if you’re looking to buy or sell a single-family home or condo. 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.

Seattle Animal Shelter Open House this Saturday

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The Seattle Animal Shelter is participating in Pawsitive Alliance’s third-annual Shelter Open House event this Saturday, October 4th.

The event runs from noon to 6 PM, and those who attend are able to meet adoptable dogs, cats, and critters, learn about shelter volunteer opportunities, and find out how to obtain a pet license or low cost spay/neuter surgery.

Saturday’s event will offer a special “Fall in Love with a Pre-owned Pet” promotion, where pet adoptions are only $15 +  two-year licensing fees through October 12th. The adoption fees include a free health exam, initial vaccinations, spay or neuter, microchip and more.

The Seattle Animal Shelter is open Tuesday through Saturday, noon to 6 p.m. for adoptions and licensing. For more information, call (206) 386-7387, or view animals available for adoption online at www.seattleanimalshelter.org

The Seattle Animal Shelter is located at 2061 15th Avenue W.

Fisherman’s Fall Festival this Saturday, October 4th

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The 26th Annual Fisherman’s Fall Festival is taking place this Saturday, October 4th from 11 am – 6 pm.

“The Festival celebrates the return of the North Pacific fishing fleet to the terminal, works to increase the public’s knowledge of the importance of the fishing industry as well as Fishermen’s Terminal to Seattle while raising money for the Seattle Fishermen’s Memorial Foundation.”

The Festival is free to attend, and has tons of activities for the entire family to take part in, like art projects, wooden boat building, trout pond, live music, ship canal tours, The Reptile Man, beer and wine garden, salmon barbecue, and much more!

The proceeds from activities within the festival are donated to the Seattle Fishermen’s Memorial to assist families of fishers lost at sea.

For more information about this event, please check out: http://www.fishermensfallfestival.org/