Author Archives: vmullally

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

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.

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.