Magnolia Real Estate Report – November 2017

The Seattle real estate market remains talk of the nation! Not much as changed this year except for the climbing prices in neighborhoods all around King County. Magnolia continues to grow with the market with increased prices. Though there was only 1 more sale this past November than November 2016, the facts are in the numbers.

Currently Pending in Magnolia

The median sales price for a single-family home in Magnolia was $965,000 last month, compared to $799,950 in November 2016. The sold price jumped from $1,026,732 to $1,055,731. The highest price for a home decreased from $2,400,000 to $1,825,000. Ewing and Clark currently has a listing pending for $2,295,000. The lowest cost for a home also decreased from $630,000 to $475,000. There were no sold homes on Magnolia Bluff last month.

Currently Pending in Magnolia

Condominiums are also showing strength in Magnolia. There were 8 sales last month, same as November 2016. The median sales price increased from $350,000 to $443,750. The highest sale was recorded at $800,000, $275,000 more than last year. The lowest sales price showed a small drop from $274,000 to $263,000.

There are currently  22 active listings and 23 pending.

 

 

 

Say Välkommen To The Holiday Season At Yulefest!

Ready or not, it’s officially the holiday season.

The music has started, the decorations are going up, and each night, another house is lit up in the most festive of colors. If you ARE ready for some good ol’ fashioned Holiday cheer (so, basically unless you’re Scrooge?), hop across the bridge to Ballard and head down to the Nordic Heritage Museum’s Annual Yulefest this Saturday and Sunday, November 18th and 19th!

Yulefest features all things Scandinavian and all things holiday, making it the perfect event to get in that ’God Jul’ (Merry Christmas) spirit!

 

Enjoy traditional Nordic-inspired items from many different vendors, plenty of delicious Scandinavian sweet and savory treats at the Nordic Cafe (even get some to go for later!) and traditional and contemporary Nordic music and dance will be performed on three different stages.

Kids are encouraged to have fun and get crafty with plenty of kid-oriented crafts,  a raffle and the opportunity to meet the man we all want a visit from in December, Santa Claus (or, Julenissen in Norwegian, Jultomten in Swedish)!

Grown-ups are also encouraged to have plenty of fun and toast the season in the Valhalla Beer Garden (which will be nice and toasty warm!) with a tasty beverage including the Nordic-fav hot mulled wine, glögg. Skål (cheers!) to that!  

This year, Yulefest celebrates its 40th year of bringing Scandinavian holiday fun and flair to our community, and it will be the last Yulefest celebrated at the Nordic Heritage Museum’s current location, before they move on to bigger and better things for 2018.

Yulefest is a wonderful celebration of culture, the holidays and community. If you’re ready for some serious holiday spirit, good food, fun music and maybe even some holiday shopping, Yulefest is the place to be!

God Jul!

For Sale: Fort Lawton

Exterior of one of the Fort Lawton buildings.  Photo: Fort Lawton Homes

If you’ve ever frequented historic Fort Lawton, located within the 534 acres of Discovery Park, one can imagine how it must have felt to live there over 100 years ago when the army base served as an outpost to protect Seattle from outside naval threat. And second, ironically, to protect Seattle from itself: by curbing rampant lawlessness in newly-formed Seattle.

Panoramic aerial views of Fort Lawton.  Photos: Fort Lawton Homes

The panoramic views are still incredible today, and the beautiful old homes, which are registered as national landmarks, have been fully renovated inside while retaining the character of the original build: the original windows, woodwork, fireplaces, and often a roomy three stories + a basement. As many Magnolia natives know, Fort Lawton is also very convenient to the downtown Seattle core: only 15-30 minutes away.

Historic photo of Fort Lawton and soldiers.  Photo: Museum of History & Industry. All rights reserved.   Neg# SHS7164

In 2011, the last military presence occupying the site, the Army Reserve, relocated to Marysville, WA. The U.S. Navy personnel who were then living in the dwellings were moved. And the historic residences, built in 1900, went on sale in 2015. Many people have applied to buy these 26 homes: well over 2,000 people, in fact. As of this writing, the somewhat smaller homes located along Montana Circle and the larger Officers’ Row homes have all sold with the exception of two: 4002 & 4216 Washington Ave. W. (plus an additional one pending). The remaining two are priced at $1.79 million and $1.975 million.

Fort Lawton, in the course of its long history, has seen many things. 20,000 U.S. soldiers were processed through, whether embarking or returning from four different wars. It held German and Italians prisoners of war during World War II. A riot against Italian prisoners’ privileges erupted, resulting in a murder and numerous injuries. African-American soldiers were accused of the murder on shaky grounds, and years later the army publicly apologized for these soldiers’ imprisonment, reinstating honorable discharges, and provided back pay to their families. Native Americans protested their rights to the land and encamped at the site when the surplus land was decommissioned in 1970, which resulted in the formation of the Daybreak Star Indian Cultural Center. A fire broke out in one of the buildings being renovated only a year ago. And our city’s largest park (and most pristine in this writer’s humble opinion), Discovery Park, began when the military gave the rest of the surplus land to the city.

Interior of Fort Lawton home.  Photo: Fort Lawton Homes

Many of Fort Lawton’s Colonial Revival buildings have withstood the test of time. And now you can tour the restored homes, in-person (at least for the moment), or vicariously peruse the photos below.

Photos and video of the Fort Lawton homes:
http://ownfortlawton.com

http://seattlerefined.com/the-home/the-most-unique-new-neighborhood-in-seattle

https://seattle.curbed.com/2016/9/16/12938138/fort-lawton-officers-row-homes-4002-washington

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!

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.

Bike the Bluff Coming Up this Weekend!

Happy Kids Biking

Magnolia’s popular Bike the Bluff fundraiser will be held this Sunday, September 7th! Participants are asked to meet and finish the ride at Catherine Blaine Playground, located behind Pop Mounger Pool, on 32nd Ave West.

Bike the Bluff emphasizes that this is not a race. You are able to set your own pace, and walk or ride a 5 or 7 mile loop around Magnolia.

The registration fee for one adult is $20, and each additional family member after that is $10. Children under 18 are also $10. You can register online at www.bikethebluff.org or register the day of, starting at 9:30 AM. The course is open from 10 AM – 2 PM.

All proceeds benefit the Catherine Blaine 5th grade class trip to Islandwood, an environmental science camp located on Bainbridge Island.

Sunday’s weather is supposed to be wonderful, and the Seahawks play earlier in the week, so there’s no reason not to come out and participate in a great community event!

Final Note: HELMETS ARE REQUIRED!