Monthly Archives: July 2013

With Most New listing Selling Fast In Seattle’s Broadmoor Nieghborhood Inventory Is Scarce!

I’m sure that most Broadmoor residents are aware of the fact that sales in the neighborhood in 2012 were just dismal. There were 10 sales recorded by the NWMLS. With an Average Days on Market of 193 days. Only 1 of the 10 homes sold for over $2,000,000. The average sales price for 2012 was $1,527,500. The average price per Sq. Ft. was $365.93.

Fast forward to the present, July 3, 2013, things have drastically improved. At the present time there have been 14 recorded sales by the NWMLS in the neighborhood, with 1 home sale currently Pending. Six homes have sold for over $2,000,000, with 4 of these 6 sales being well over $2,000,000. The Average Days on Market stands at 138 days. This number is a little deceptive though as 8 of the homes sold this year sold in less than 20 days, and the home which is currently pending will fall into this category as well. The average sales price to date is $2,168,750. The average price per sq. ft. is currently $413,10.

A quick look at the current inventory shows that there are only 5 homes for sale, all of which are listed for over $2,500,000. This piece of data suggests that it would be a very opportune time for sellers in the neighborhood with homes believed to be valued at less than $2,500,000 to sell their home, there’s NO completion out there.

A Brief Overview of Available Inventory In Seattle’s Broadmoor Neighboorhood

Shenandoah Drive East  5 Bedroom 3.5 Bathroom - For Sale - Asking Price $2,595,000

Shenandoah Drive East Residence – Mediterranean Style – Golf Course View – 5,380 Sq. Ft. – 5 Bedrooms 3.5 Bathrooms – Asking Price $2,595,000

Parkside Drive East 5 Bedroom 4.75 Bathroom Residence for Sale - Asking Price $2,880,000

Parkside Drive East Residence – Located on the Golf Course – 6,390 Sq. Ft. – 5 Bedrooms 4.75 Bathrooms – Asking Price $2,880,000

For Sale

Blenheim Drive East Residence – Spanish Style – 6,750 Sq. Ft. – 3 Bedrooms 3.5 Bathrooms – Asking Price $3,895,000

For Sale

Shenandoah Drive East Residence – French Style Estate – 10,095 Sq. Ft. 6 Bedrooms 8 Bathrooms – Asking Price $4,395,000

Waverly Way East

Waverly Way East Residence – Located on the Golf Course – 6,000 Sq. Ft. 5 Bedrooms 5 Bathrooms

Asking Price $4,395,000

 

 

 

Sales are Way Up In Seattle’s Broadmoor Neighborhood

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

Sold by Ewing & Clark

Sold on 6/11/13 for $1,850,000

Single Family Properties SOLD in the last 180 days:13

Average SqFt. for homes SOLD 5,175

Average Price Per SqFt. $410.37

Average Days On Market 148 (7 of the homes sold this year in the neighborhood were on the market for 14 days or less)

High $4,310,000 Low $899,000 Median $1,695,000 Sales Price To Listing Price 95.91%

For Sale - Asking Price $2,595,000

For Sale – Asking Price $2,595,000

Number of Homes Currently FOR SALE: 5 (Currently, there isn’t a single home for sale in the neighborhood for under $2,500,000)

Average SqFt. 6,923

Average Price Per SqFt. $535.59

Average Days On Market 333 (2 of the 5 currently listed homes have an average market time of 766 days.)

High $4,395,000 Low $2,595,000 Median $3,895,000

Pending on 6/19/13 for $1,350,000

Pending on 6/19/13 for $1,350,000

Number Of Homes Currently PENDING: 1

Average SqFt. 3,070

Average Price Per SqFt $439.74

Average Days On Market 16