The Broadmoor real estate market was quiet in February. There were no sales last month, which is not too unusual since there has only been zero (2013), one (2012), and two (2011) sales in Broadmoor the previous three years in February. Currently there are four active listings totaling just under $12 million and no pending sales.
Central Seattle real estate, which basically includes the area from the Montlake Cut to I-90 and from Lake Washington to I-5, is showing signs of strength. While the median year-to-date sales price is down from $619,000 to $577,475, the average year-to-date sales price is actually up from $729,042 to $736,659. In addition, year-to-date sales for the first two months are up with 88 sales in 2014 versus 79 sales in 2013. Inventory is also tighter than last year down from 128 to 93 active listings in the month of February.
If you have any questions about the Seattle real estate market, please feel free to reach out to a local Seattle real estate agent.