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.

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!

 

 

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.

 

Magnolia Mom’s Host “Shop Til You Drop” Tonight

It may only be a week past Halloween, but it’s never too early to start planning for the Holidays, (especially if you’re looking to catch those pre-season sales!). The Magnolia Mom’s from Our Lady of Fatima are hosting a shopping event this evening at Fatima Parish Hall to raise funds to provide winter coats for Seattle area children in need.

Get a head start on your holiday shopping with 25 local vendors selling clothing, fun handmade jewelry, chocolates and treats, accessories, iPhone covers, and more! Lots of good holiday gift ideas, and there will also be a Fashion Show by Vixen Spa, massages and brow waxing, and raffle items to giveaway! The event is from 6:00-9:00PM, bring your shopping bags, and shop til you drop.

Seattle Mourns Loss of Komo Anchor Kathi Goertzen

Seattle residents are mourning the loss of long time Komo TV anchor Kathi Goertzen, who passed away Monday after a 14 year battle with benign brain tumors at the age of 54. Goertzen, a Magnolia resident, celebrated her 25th anniversary on Komo back in 2005, and you can view an extensive list of her greatest moments on Komo on their website.

There will be a public memorial held for Kathi this Sunday afternoon beginning at 1pm at Fisher Pavilion at the Seattle Center, and doors will open at 12:30pm. Komo has reported that seating will be fairly limited, allowing room for mostly just family, friends, and co-workers of Kathi. The public can sit in the grass, and listen to audio provided for the outside service, but if you’d like a seat, Komo has advised to bring your own lawn chair.

Seafair Weekend is Here!

The much anticipated annual Seafair weekend is finally here, and the list of events is better than ever! If you’re in or around Seattle, you’ve probably heard the blue angels whizzing over head as they prepare for their performances tomorrow and Sunday, and there will by hydroplane races tomorrow at Genessee Park, so take advantage of this beautiful summer weather and come join the masses for a wonderful Seattle summer tradition! 

The Seafair Fleet Week Ship Tours began yesterday and will go through Sunday, allowing patrons to climb aboard the ships and chat with the sailors who run them. This year marks the 62nd annual Seafair weekend, and in addition to the Blue Angels and Hydro races, there are some spectacular acts lined up like the Hyperlite Wakeboard Experience, great food and beer gardens. There are also Seafair events taking place in other areas around Seattle such as the Magnolia Summerfest and Seafair Parade tomorrow afternoon, and you can even stop by Boeing Field and watch the Blue Angels take off and land, so come on down and experience Seafair weekend in Seattle!

Magnolia Townhome For Sale: $399,000

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.

Status: For Sale
Bed/Bath: 3/3.25
Price: $399,000

2 People Shot in Discovery Park

Many people venture to Discovery Park, one of Seattle’s biggest tourist destinations, to catch a view of the city, or go for an afternoon hike in the Magnolia neighborhood park. But last Thursday evening, along with the tragedy of the Batman Premiere shooting in Aurora, CO, Discovery Park had another shooting occur that same evening, injuring a 16 year old boy, and a 17 year old girl.

According to the Seattle Times, police made a statement claiming the boys friend’s took him to the hospital to be treated for an arm injury, and the girl didn’t know she had been shot until she got home and realized her leg was bleeding. Police are on the lookout for three teenage boys who are said to be responsible for the boy’s injury, and apparently the boy knows who the shooter is. Gang investigators are looking into finding those responsible, who are at large in Seattle.

Metropolitan Market Buys Magnolia Thriftway

The rumors are true! The Metropolitan Market has taken steps to acquire the Magnolia Thriftway, and process is set to be finalized  in September. According to The Wall Street Journal, the Thriftway located at 3830 34th W. has been owned by Jim and Lynn Penhollow for quite sometime, but they’ve decided to sell to prepare for their retirement. Metropolitan Market was chosen due to their like minded business practices, and has already taken steps to ease the transition by setting up meet and greets for the current Thriftway employees, and began interviewing for new hires in the fall.

The Penhollow family has owned the business for 34 years, and is sad to leave, but happy and at east leaving the store in the hands of Metropolitan Market. They will keep the same investments that Thriftway has invested in the neighborhood, such as support for Lawton Elementary, Magnolia Little League, and Summerfest. The grocery hub will remain open during the transition, and during any remodeling. For more details on changes in the upcoming weeks, visit Metropolitan Market.

2012 Farmer’s Markets Summer Season Updates

If you weren’t out enjoying this lovely turn of the weather this weekend you were one of few; as the sun starts to come out, so do the summer crops and the local farmers markets will open in a few weeks with a ton of fresh new produce. The 2012 farmer’s market season took off running this year, with some markets already up and others soon to follow in the next few weeks. The surrounding Seattle areas will have a few new faces like the Shoreline Farmer’s Market that will open June 16th and will close down others like the

Photo Courtesy of Zachary D. Lyons, copyright from the 2011 Wallingford Farmer's Market

Georgetown market, who didn’t see enough foot traffic the last few years, but hopes to return in the fall with more people coming in and out of the neighborhood. Keep in mind the U District and West Seattle Markets run year round; here is a list of openings to look out for when you’re in the neighborhood:

Burien: 11am-6pm Thursdays

Columbia City: 3-7pm Wednesdays ( and will open early to chefs only to check out the loot before the crowds, from 2-3pm)

Lake City: 3-7pm Thursdays, beginning June 14.

Phinney: 3-7pm Fridays, starting June 3rd.

Madrona: 3-7pm Fridays beginning May 18th.

Magnolia: 10am-2pm, Saturdays starting June 9th.

Queen Anne: 3-7:30pm Thursdays, beginning June 7th.

Wallingford: 3:30-7pm Wednesdays beginning May 30th, (opening early for chefs only from 3-3:30)