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.

SDOT Encourages Neighborhoods to Apply for Mural Projects to Slow Traffic

There are several well known outdoor works of art like the Olympic Sculpture Park, and other murals around the Seattle area that are pleasant for the surround community members and those passing through. But now the SDOT is suggesting that these murals can hold a whole new purpose, and informing Seattle communities that painting murals near intersections can slow traffic when there are no stop signs, or yield signs in sight.

The SDOT is encouraging community members to apply for mural funding and submit designs for approval, with at least 60% of members in the community in agreeance with the mural. First, members must submit an area for approval that has no nearby traffic control devices and the area will be reviewed to determine if a project is feasible. Once the area is approved, residents in the community can work out a design, and approval may take up to two weeks. For more information on how to get a mural submitted in your neighborhood, click here.