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 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 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!

 

 

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 August

August Real Estate

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.

Mixed-use Development (Finally) coming to Magnolia

32nd Buildings

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!

 

 

Preschool Will Once Again be Offered at Daybreak Star

Daybreak Star

Daybreak star will once again be home to a preschool at the Native Cultural Center.

After 27 years, Daybreak Star and the United Indians of All Tribes Foundation lost their program in 2013. Since that loss, they have been trying to get a preschool back to the community of Magnolia to support Native American families.

The program will consist of about 40 children, all around four years old. Most likely, the classes will be held Monday – Thursday, for 6 and 1/2 hours a day. This model of classes was chosen in favor of a half-day preschool, because it makes life easier on parents that are working.The hope is that the preschool will be up and running by 2015.

The school is located at 3801 W. Government Way in Magnolia.

Congratulations on successfully bringing back a preschool to Daybreak Star!

Seattle Parks / King County Wastewater Treatment Division Educational Event 6/28

Light house

The Seattle Parks Department and the King County Wastewater Treatment Division are teaming up to host a “stewardship educational event” this Saturday, June 28th.

Magnolia residents and Discovery Park users are invited to meet at the Discovery Park Lighthouse roundabout anytime between 11:00 a.m. and 3 p.m. to learn about how our community can help preserve the beauty and safety of the beach area.

Tours of the beach will be available thanks to the Discovery Park Naturalists, and the event will  focus on issues like uncontrolled vehicle access, trespassing, prevention of fires, graffiti, crime, etc. as the summer months bring about the most traffic to Discovery Park and the beach area.

The beach area may be accessed via shuttle bus from the Visitor’s Center between 10:45 a.m. until 4:45 p.m.