Madison Park Real Estate Market Update 2015

Seattle’s Madison Park Real Estate Market In 2015

Madison Park RealtorsHave you been thinking about making a move to Madison Park?  Best known for the beautiful Arboretum it borders, Seattle’s Madison Park neighborhood also has a public beach on the shores of Lake Washington, views of Mercer Island and Bellevue facing east and some of the most beautiful luxury homes you’ve ever seen.

According to Realtor.com,  3,200 people live in Madison Park.  By comparison, in Ballard there are 36,500 people.  And believe it or not there are 7% less people who live in Madison Park today than this time last year.  The average person is about a 46 years old, but more folks in the 60 to 69 range actually live here.

What type of person enjoys living in Madison Park?  A person who likes boutiques, great food, and near waterfront living.  It’s dotted by local vendors such as Madison Park Hardware, Martha E. Harrison Flowers, The Original Children’s Shop, and what establishment wouldn’t be complete without an old fashion ice cream store (to eat while you walk towards the beach).

62 homes have sold so far this year ranging from $325,000 to $3,840,000.  So the average sold price is basically $1.2M resting at about $509.00 per square foot.  Gorgeous homes reside on street lined streets, there is one gated community named Broadmoor, and local schools for kids to walk to.  The proximity to downtown Seattle makes it attractive to people too.  Just cruise through Capital Hill and drop down the other side to be in Seattle’s financial district.

Madison Park Real Estate Market for 2015 is considered a neutral market:  Meaning there is 3 to 6 months of inventory (homes available).

Home For Sale in July 2015: 7 units.

Madison Park real estate market

Up 75% compared to the last month

Home Closed in July 2015: 2 units.

Down 50% compared to the last month

Home Placed under Contract in July 2015: 2 units.

Down 50% compared to the last month

Take a look at what has sold in the last 30 days for your  Seattle Real Estate Madison Park Market 30 Days market update.

The current inventory shows there are 4 condos and 7 single family homes for sale (including Broadmoor).  $399,000 will get you a one bed, one bath 813 square foot condo.  Top of the range is a $4,500,000 home with 4 beds, 4 baths and 7754 square feet of home cited on a 12,200 square foot lot.  For more Madison Park Real Estate listings, you can find them here:  Madison Park Homes For Sale Listed In the NWMLS now.

If you have any questions about Madison Park Real Estate, feel free to contact me.

Molly Cartwright
Seattle Realtor
206-841-6800 or molly@cooperjacobs.com

Madison Park Real Estate In Seattle

Madison Park properties are fascinating. This Seattle neighborhood is

urban with an upscale feeling and filled with spectacular real estate.

madison park real estate

Thinking of buying a Madison Park home and wondering which

listings are the best to consider and why?

It’s here where you can find some of the most amazing Lake Washington waterfront properties

in all of King County. Both Madison Park and Laurelhurst which is located directly North

of Madison Park feature beautiful Seattle waterfront estates.  If you want to see Madison

Park waterfront homes for sale or other Madison Park property let Cooper Jacobs know.

Also, here are the current listings in Madison Park representing all listings and connected to the

the NWMLS to stay current.

madison park seattle

Thinking of selling in Madison Park and need a Madison Park

listing agent?

If you are a seller, contact us and we can evaluate whether or not your home will be the next

cover model for Seattle’s Luxury Home Magazine.  Our Cooper Jacobs Platinum Properties

Home Division simply does the most when it comes to marketing your exceptional property.

platinum@cooperjacobs.com or madisonpark@cooperjacobs.com

Enjoy exploring the homes for sale and let us know if you want to see ANY of them.

We have experience not only in Madison Park and nearby Washington Park, but also with 

Madison Park waterfront homes, and would love to share our experience with you.