Category Archives: Washington Park

Find New Local Favorites At Arcade Lights 2017!

Round up the crew and head down to the market on Friday, March 24th for a fantastic, fun event that brings together a diverse selection of over 70 local vendors to delight you with tastes of their delectable products. And their vendor list is still growing!

Arcade Lights is a wonderful opportunity to sample and savor delicious drinks, foods and sweet treats, from a wide array of local, small-batch, and artisan vendors. It’s always a fun and festive event, where you can enjoy something local and tasty, try something new and have a blast, under the Arcade Lights!

Each year, Arcade Lights brings together local favorites and new comers to pedal their wears and get you hooked on their goodness, and this year looks to be no exception. Where else will you find Theo Chocolates, DiLaurenti Food & Wine, Hot Lips Soda, Copperworks Distilling, Morning Glory Chai, Woodinville Ciderworks, Diamond Knot Brewing and many more local loves all at the same place? Only in Seattle, and only at Arcade Lights.  Be sure to check out a full list of vendors and brace yourself for taste bud paradise!    

This year’s event is sponsored by Seattle Met, DRY Sparkling and DEI Creative and, as always, proceeds go to benefit the Pike Place Market Foundation which helps to maintain our market and keep the community thriving.

Grab your tickets before they’re gone, and get ready for fun under the Arcade Lights!

Arcade Lights at Pike Place Market, 7:00 pm, Friday, March 24th Tickets-

General Admission – $60
Tickets include tastes of as many of the hand-crafted savory and sweet bites as your heart desires – while supplies last – and include five tokens for tastes of beer, cider, non-alcoholic drinks such as root beer and sodas and wine. Tasting glass included. Additional tokens will be available for purchase.

Early Entry – $80
Limited Early Entry into Arcade Lights 30-minutes before the General Admission crowd! Includes 5 drink tokens, unlimited food, plus early entry at 6:30 pm.

VIP with Early Entry – $150
VIP guests have exclusive access to the VIP Lounge, which includes seating, music, and exclusive food and beverage tastings from elite vendors. VIP Guests receive 10 drink tokens and UNLIMITED food, and can enter the VIP Lounge at 6:00 pm to begin celebrating before entering the Main Arcade at 6:30PM with Early Entry. VIP guests can use the VIP Lounge at their luxury anytime throughout the night.

Arcade Lights is a 21 and over only event, so please plan accordingly.

For more information, visit the Pike Place Market website.

Real Estate Update for Seattle’s Broadmoor Neighborhood

Landmark home on the fairway - For Sale - $6,450,000 - 5 Bedrooms - 5.5 Baths - 9,180 Sq Ft. - Listed By Ewing & Clark Inc.

Landmark home on the fairway – For Sale – $6,450,000 – 5 Bedrooms – 5.5 Baths – 9,180 Sq Ft. – Listed By Ewing & Clark Inc.

 

Like many neighborhoods in Seattle, Real Estate inventory in the Broadmoor neighborhood is low, homes are selling fast, and values are slowly creeping back up to their 2007 highs. The Seattle Real Estate Market is on fire. Zillow just recently indicated that Seattle’s Real Estate market was the 2nd hottest housing market in the country. This certainly bodes well for sellers as it’s a seller’s market and thus a great time to list a home. When looking at the statistics I have provided below, you might notice the that the average days on market for the Broadmoor neighborhood doesn’t look all that impressive, and goes against what’s been stated above. The reason for this is due entirely to the fact that 1 of the 4 homes sold in the last 180 days was on the market for 907 days. Remove this sale from the equations and the average days on market for the 3 recently sold homes drops down to 28 DOM, that’s a solid number given that the average sales price is $1,908,333.

The days on market for the 6 homes currently for sale are also skewed by one listing which has been on the market for 1087 days. Currently all the inventory available for sale is listed above $2,000,000, with 3 homes listed for well over $3,000,000. In light of these facts, it’s likely a very opportune time to sell for someone with a home valued under $2,000,000!

As the Summer months approach the Broadmoor market may cool a little with so little inventory available that would be considered affordable for most buyers looking to move into the neighborhood. But who knows, if the market maintains it’s current pace it could be a great Summer for the Broadmoor Real Estate market.

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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:4

Average SqFt. for homes SOLD 5,011

Average Price Per SqFt. $502.39

Average Days On Market 248

High $3,700,000 Low $1,775,000 Median $1,975,000

Sales Price To Listing Price 92.76%

Number of Homes Currently FOR SALE: 6

Average SqFt. 5,753

Average Price Per SqFt. $645.38

Average Days On Market 247 (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 800+ days.)

High $6,450,000 Low $2,075,000 Median $3,331,500

Number Of Homes Currently PENDING: 0

Number Of Homes Currently PENDING INSPECTION: 0

The home owners dues for living in Seattle’s Broadmoor neighborhood are much cheaper than what’s believed.

Over the course of the last 2 -3 months I have had multiple conversations with clients and non clients regarding the home owners dues for living in Broadmoor. What I’ve taken away from these conversations is that there’s a gross misconception out there amongst non Broadmoor residents regarding exactly how much per month residents pay in home owners dues. Many of the individuals who I spoke with thought that the dues were anywhere from $500 – $1,000 a month. That’s right, there are people out there who think the HOD’s are $1,000 a month. For residents of the neighborhood who read this, I would advise you to inform your friends what the acctual HOD’s are per month, as there are people who would considering moving into the neighborhood if it weren’t for the misconception.

Below is a breakdown of how the dues are assessed:

Home owners dues are determined based on lot size.

A single lot in Broadmoor is roughly 7,000 Sq Ft on average. *The exact square footage for a lot can vary slightly depending on when it was plotted.*

The dues per month for a single lot are $133.00

A lot and a half would be $199.50

A double lot $266.00

If your lot size was 1.1 or 1.2 or 1.3 or 1.4, etc, the size of a single lot, your home owners dues would reflect that.

The dues cover: 1. Wages paid to security staff. 2. Landscapping. 3. Annual parties.

Sales to Date in Seattle’s Broadmoor Neighborhood

Almost five months have come and gone in 2012, and while home sales look to be on the rise in many neighborhoods, it appears that sales in Broadmoor have been extremely stagnant year to date. As of today there have been only 4 closed sales in the neighborhood, with only one sale currently Pending.

Closed Sales

1651 Windermere Drive E. 5 bed. 3.25 Bath. 3,070 Sq Ft. Sold Price: $800,500

3418 E. St Andrews Way. 4 Bed. 3.5 Bath. 3,930 Sq Ft. Sold Price: $1,350,000

1818 Broadmoor Drive E. 5 Bed. 3.50 Bath. 5,460 Sq Ft. Sold Price: 2,070,000

2128 Waverly Way E. 6 Bed 5.25 Bath. 6,880 Sq Ft. Sold Price: $2,150,000

Pending

1570 Parkside Drive E. 3 Bed. 2 Bath. 2,340 Sq Ft. List Price: $849,000

 

When studying the statistics of other neighborhoods, such as Washington Park, Madison Park, Denny Blaine, and Capitol Hill, it’s apparent that not many homes around the $2 million mark and above are moving. Given that 11 of the 14 homes currently listed in Broadmoor are right around or above this mark, it could be said that Broadmoor is fairing about as well as these other neighborhoods. In light of this, I think it will be important to see what happens in regards to the inventory below $2 million over the course of the summer. As of late I’ve seen an uptick in sales of homes priced around $1.5 million in the neighborhoods I’ve mentioned above. With the increase in activity the summer brings, I would expect that the lower priced homes in the neighborhood should move the closer they get to this number. It should be an interesting summer sales season to follow, hopefully the second half of the years proves to be more fruitful than the first half.

Sections of Highway 520 Closed This Weekend

Drivers, be aware.  A section of Highway 520 from Montlake Boulevard in Seattle to I-405 will be closed over the weekend (September 16th-18th) as workers begin to demolish an overpass on Bellevue Way NE for the Eastside Transit and HOV Project.  This portion will be closed from 11:00 pm Friday to 5:00 am Monday morning.  Those of you who are residents in neighborhoods near to the 520 on-ramp by Montlake (Broadmoor, Madison Park, etc.), consider yourself warned.  Drivers are encouraged to find alternate routes if heading towards the Eastside out of Seattle.  Please see this Seattle Times article with closure details for more information.

Some of the Best Deals in the City for Luxury Real Estate can be found in Broadmoor!

Why buy in the Madison Park or Washington Park when you can buy in Broadmoor and get so much more for your money? I’ve always been a big believer in the value you get when purchasing a home in Broadmoor, and when looking at the most recent sales statistics they speak for themselves. Recent sales show that on average you pay $111.00 less per sq ft. in Broadmoor and you’re getting a bigger lot for your money. Couple these factors with the neighborhood being private, less street and foot traffic, and a lower crime rate, equal an overall more peaceful environment to live in. If you’re in the market for a luxury home and haven’t given Broadmoor much thought your truly doing yourself a disservice, it’s a wonderful neighborhood to live in!

*Statistics are based on sales that took place in the last 180 days.*

12 homes have sold during this time frame in Broadmoor.

Averages: Sq Ft. 4,701          Price per Sq Ft: $397.66          Days on Market: 242         

High: $4,700,000                   Median: $1,542,500                 Low: $900,000

17 Homes sold in Washington Park & Madison Park in the last 180 days

Average Sq Ft. 4,116          Price Per Sq FT. $508.52          Days on Market: 216

High: $4,400,000               Median: $1,942,000                  Low: $1,040,000