Market Statistics For Seattle’s Broadmoor Neighborhood

Market Statistics provided here for Seattle’s Broadmoor neighborhood are current as of this post date.

Single Family Properties SOLD in the last 180 days:11

Average SqFt. for homes SOLD 4,889

Average Price Per SqFt. $341.17

Average Days On Market 195

High $2,430,000 Low $899,000 Median $1,550,000 Sales Price To Listing Price 92.84%

Number of Homes Currently FOR SALE: 3

Average SqFt. 6,535

Average Price Per SqFt. $442.84

Average Days On Market 487 (This number is not reflective of the current market conditions in the neighborhood. Two of the currently listed homes in the neighborhood have been on the market 685+ days.)

High $4,995,000 Low $1,195,000 Median $2,880,000

Number Of Homes Currently PENDING: 4

Average SqFt. 6,383

Average Price Per SqFt. $584.95

Average Days On Market 34

Broadmoor sales are booming in 2013

We are off to an unbelievable start to 2013.  There are currently 5 Pending Sales in the neighborhood, 4 homes currently for sale, and 1 closed sale thus far this year. The trend I was seeing in 2012 was if it was listed under $2,000,000 then there was a chance it would sell, as there was only one closed transaction over this amount. We appear to be breaking out of this trend to start the year as there has been one closed transaction over $2,000,000 thus far with another home Pending. Home sales under $2,000,000 though have been very strong of late as listings below this price point have sold rather quickly. If you have a home you believe to be valued at less than $2,000,000 it’s a great time to sell!!

Currently Listed For Sale:

1262 Parkside Drive East – 3120 Sq Ft. – 2 Bed 4 Bath – $1,295,000

1239 Parkside Drive East – 6390 Sq Ft. – 5 Bed 4.75 Bath – $2,880,000

1642 Shenandoah Dr. East – 5600 Sq Ft. – 6 bed 4.25 Bath – $2,950,000

1900 Shenandoah Dr. East – 10,095 Sq Ft. – 6 Bed 8 Bath – $4,995,000

Inventory is scarce in Seattle’s Broadmoor Neighborhood

Market Statistics provided here for Seattle’s Broadmoor neighborhood are current as of this post date.

Single Family Properties SOLD in the last 180 days:9

Average SqFt. for homes SOLD 4,015

Average Price Per SqFt. $383.55

Average Days On Market 99

High $2,222,500 Low $800,000* Median $1,550,000 Sales Price To Listing Price 92.01%

Number of Homes Currently FOR SALE: 4

Average SqFt. 7,039

Average Price Per SqFt. $425.73

Average Days On Market 397

High $4,995,000 Low $1,400,000 Median $2,915,000

Number Of Homes Currently PENDING: 4

Average SqFt. 4,577

Average Price Per SqFt. $294.01

Average Days On Market 368

Currently there are only 4 homes listed for sale in the neighborhood. Three of those homes are listed for over $2.8 Million, the fourth home is listed for $1.4 million and is a major fixer. Recent statistics show that homes listed under $2.0 million are selling, and selling relatively quickly. Five of the most recent homes to sell in the neighborhood sold in less than 40 days, 4 of the homes were sub $2.0 million, 1 was $2,225,000. Homes listed over $2.0 million are sitting.

If you’re thinking of selling and you believe your home to be worth less than $2,000,000 and is not a major fixer, now would be a good time to list your home as there is nothing on the market currently in the neighborhood that meets this discription.

Homes are moving again in Broadmoor

The Real Estate market in Broadmoor is finally showing signs of life after a summer that could be described as nothing short of dismal. The summer season is generally the time of year when the real estate market really takes off, and it did in many neighborhoods, just not Broadmoor. There were only two closed sales transactions in Broadmoor recorded by the MLS this summer. There were two off market sales during this time frame as well, which makes for a grand total of 4 sales transactions. Not a good number, fortunately the Fall and Winter have brought good tidings to the neighborhood. Since the start of the Fall 6 homes have sold in the neighborhood and there are currently 3 homes Pending. With the current inventory of homes for sales in the neighborhood sitting at 8 it appears that home sales are on the mend. Sales in the neighborhood for some time have lagged behind some of the other local markets, but the recent flurry of sales are a sure indicator that this trend will not continue.

Happy Turkey Day Seattle!

Thanksgiving SeattleHappy Turkey Day Seattle!

For those procastinators: How to Cook a Turkey

For NFL Fans: 9:30 AM on CBS, Texans vs Lions (Seahawk fans root for Texans); 1:15 PM on FOX, Redskins vs Cowboys (Seahawk fans root for Redskins); & 5:20 on NBC, Patriots vs Jets (Seahawk fans do not care)

For College Football Fans: 4:30 PM on ESPN, TCU vs Texas

For Gonzaga Fans: 6 PM on ESPN2, Clemson vs Gonzaga

For those who get stressed on the holidays: Meditation

For those akward moments when talking to family: Discussion Topics

For keeping peace at the Thanksgiving dinner: Topics to Avoid

If you do not avoid those topics: Unbeatable Arguments

Broadmoor Open House Tour – Thursday

Broadmoor SeattleBroadmoor is having a tour of the homes for sale tomorrow, November 8th, from 11:00 AM to 1 PM.  Homes for sale on tour range from $1,400,000 to $4,995,000 and are listed by six different Seattle real estate companies: Windermere, Realogics Sotheby’s, Brazen Sotheby’s, Coldwell Banker Bain, Madison House, and Ewing and Clark.  The pictured home is listed by Ewing & Clark for $1,895,000.  Please join the tour of broker’s open houses in Broadmoor this Thursday.

Real Estate Statistics for Seattle’s Broadmoor Neighborhood

Market Statistics provided here for Seattle’s Broadmoor neighborhood are current as of this post date.

Single Family Properties SOLD in the last 180 days:5

Average SqFt. for homes SOLD 3,766

Average Price Per SqFt. $366.91

Average Days On Market 73

High $1,800,000 Low $800,000* Median $1,445,000 Sales Price To Listing Price 93.17%

It’s important to note that the home which sold for $800,000 was a court ordered bankruptcy sale.

Number of Homes Currently FOR SALE: 9

Average SqFt. 5,855

Average Price Per SqFt. $442.09

Average Days On Market 478

High $4,995,000 Low $1,400,000 Median $1,895,000

Number Of Homes Currently PENDING: 2

Average SqFt. 4,700

Average Price Per SqFt. $446.40

Average Days On Market 134

Residents of Seattle’s Broadmoor neighborhood show their Halloween spirit

For about 4 years now the residents of Broadmoor have held a competition to see who can best decorate the exterior of their home for Halloween. It’s apparent that many in the neighborhood have embraced this competition by what I have been seeing. I went around the neighborhood and snapped some photos of what residents have done. Have a look.

Montlake Fall Carnival Tomorrow

Calling all Capitol Hill, Broadmoor, Eastlake, and Madison Park parents; the Montlake neighborhood is throwing a Fall Carnival tomorrow in celebration of Halloween, fun for all ages!

There will be a haunted house and carnival full of various festive games for ages 5-12 beginning at 5pm at the Montlake Community Center. There will be booths giving away candy for trick-or-treaters, so come dressed to impress in your best costumes, for an evening of fun for everyone. If you need directions to the Montlake Community Center, visit their website.

 

Broadmoor Hosts NW Golf Media Association Award Banquet

Broadmoor Golf ClubOn Monday, the Broadmoor Golf Club hosted the Northwest Golf Media Association Award Banquet.  The Seattle event honored lontime golf columnist for the Vancouver (Canada) Sun newspaper, Arv Olson, as wells as golf course architect, John Harbottle III, and scholarship award winner, Pete Treperinas.  To read more about those recognized at the Broadmoor event, click the link to Cybergolf’s article.