Seattle’s Madison Park Real Estate Market In 2015
Have 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.
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.
| • | 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
