Tag Archives: Seattle Home for Sale

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

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.

Home on Broadmoor Drive East – RENTED

Broadmoor HomA home on the 1800 block of Broadmoor Drive East rented recently.  The last list price for rent was $6,500/mo.  This is the only house listed for rent on the Northwest Multiple Listing Service (NWMLS) that has leased in Seattle’s Broadmoor since October 1, 2010.  But rentals in Broadmoor are rare.  There is nothing currently listed for rent in Broadmoor on the NWMLS.  The details of this home:

Status Rented
List Price $6,500/mo
Bed/Bath 5/3.5

Despite recently being rented, this home is also currently for sale.  The home is listed by Betsy Terry and Jane Powers of Ewing & Clark.  Click the following link to read more about the Broadmoor home for sale.

G.W. Stoddard Broadmoor Home for Sale

Broadmoor Home for Sale

Broadmoor Home

Set in the heart of Broadmoor, this G.W. Stoddard designed home for sale is one of a kind. Featuring a spacious floor plan, this home is as functional as it is beautiful. The stunning kitchen features marble counter tops and a Miele range. An adjacent family room is perfect for entertaining or just relaxing on a Sunday evening. The home has a highly sought after floor plan which includes five bedrooms and three baths on the second floor. This Broadmoor home is a turn-key opportunity! The home also features a huge private yard with sport court.  Click here to get more details about this home for sale.

Magnificent Broadmoor Home Offered for $6,450,000

Broadmoor Home for Sale

Magnificent Broadmoor Home

This is a picture perfect landmark French home for sale on sizable Broadmoor fairway lot. It is updated from top to bottom, sparing no expense affords for the ease of living in this stunning environment. The home boasts a fine and generous scale of gracious rooms. The elegant styling, high ceilings, and incomparable fairway vistas viewable from the floor to ceiling windows make this home hard to beat!  The comfortable family spaces and indoor and outdoor features make entertaining easy. There is a new and extravagant swimming pool terrace with outdoor kitchen. Updated systems in the home include a generator, roof, plumbing, wiring, and chimneys.  Broadmoor is always very private, but this home is exceptionally so.  The house is located at the northeast corner of Broadmoor with no through street, thus giving extraordinary privacy for this Broadmoor home.  To find more details about this home for sale, please click the link.

Impressive Broadmoor House Available for Purchase

Broadmoor Home for Sale

Impressive Broadmoor House

This Broadmoor home for sale is a beautiful and stately one designed by G.W. Stoddard lying on a double fairway lot. There are gracious sun-filled rooms with pretty territorial views. Fine millwork and detailing including impressive fireplace, crown molding, doors and oak staircase make the home unique. Other features include a paneled library, leaded glass windows, and a huge sun room with fairway and swimming pool views. The lower level’s recreation room is an ideal getaway for children! There is fun living to be had for all for both indoors and out in this excellent floor plan.

French Inspired Broadmoor Home Offered for Sale

Broadmoor Home

Broadmoor Home for Sale

This Broadmoor home has a remarkable private setting on huge golf course lot between the 11th green and 12th tee. Beautiful trees and landscaping surround this 1927 stucco and sandstone French home. The home is architecturally significant with leaded windows, wide plank oak floors, sugar pine paneled library, and four fireplaces. A new kitchen and sand stone terrace also grace the home.  The rare three-car garage and plenty of off street parking for roughly four cars makes this great for guests! Don’t miss the idyllic setting and desirable floor plan of this Broadmoor home for sale.