Tag Archives: Seattle Neighborhoods

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.

Moving Into Seattle’s Broadmoor Neighborhood Has Potentially Become More Expensive For New Residents

Broadmoor’s primary source for funding capital improvement projects and general neighborhood maintenance has been the move-in fee for new Broadmoor homeowners. The move-in fee up until recently was $5,400.00 for all move-ins, this is no longer the case as a new variable collection system has been implemented. As of now, the move in fee for all home sales up to $1,500,000.00 is $5,400.00. The move-in fee for sales in excess of $1,500,000.00 will be based on a percentage of the sales price, the percentage rate will be 0.36%. Currently there are 3 homes available for sale in the neighborhood, if each of the 3 homes sold at asking price, the move-in fees collected would be $7,902.00 (Sales Price $2,195,000.00), $15,822.00 (Sales price $4,395,000.00), and $23,2200.00 (Sales Price $6,450,000). The rate of 0.36% will be in place until June 30th, 2016. On June 30th, 2016 the rate will reset, the new rate will be based on a change in the Consumer Price Index.

Year to date there have only been 3 closed sales in the neighborhood with 3 homes currently Pending.  Given the low volume of sales, it’s understandable that the Board of the Broadmoor Home Owner Association would want to make changes to ensure that the neighborhood’s reserves are at healthy level, as they are vital to fund current expenditures, expenditures which make Broadmoor one of the premier neighborhoods in the city.            

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

Broadmoor Real Estate Report

Broadmoor SeattleThe 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.

For similar information on Madison Park real estate, Denny Blaine real estate, or Madrona real estate please click the previous links to each of these Seattle neighborhoods.

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.

Broadmoor – Seattle – Real Estate Statistic Based on the Last 180 Days

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 4,527

Average Price Per SqFt. $465.63

Average Days On Market 25

High $4,310,000 Low $1,135,000 Median $1,632,000

Sales Price To Listing Price 98.6%

Number of Homes Currently FOR SALE: 7

Average SqFt. 5,344

Average Price Per SqFt. $566.47

Average Days On Market 332 (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 $4,395,000 Low $1,195,000 Median $2,880,000

Number Of Homes Currently PENDING: 3

Average SqFt. 4,813

Average Price Per SqFt. $417.15

Average Days On Market 32

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.

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.

Happy Turkey Day Seattle!

Thanksgiving SeattleHappy Turkey Day Seattle!

For those procastinators: How to Cook a Turkey

For NFL Fans: 9:30 AM on CBS, Texans vs Lions (Seahawk fans root for Texans); 1:15 PM on FOX, Redskins vs Cowboys (Seahawk fans root for Redskins); & 5:20 on NBC, Patriots vs Jets (Seahawk fans do not care)

For College Football Fans: 4:30 PM on ESPN, TCU vs Texas

For Gonzaga Fans: 6 PM on ESPN2, Clemson vs Gonzaga

For those who get stressed on the holidays: Meditation

For those akward moments when talking to family: Discussion Topics

For keeping peace at the Thanksgiving dinner: Topics to Avoid

If you do not avoid those topics: Unbeatable Arguments

Residents of Seattle’s Broadmoor neighborhood show their Halloween spirit

For about 4 years now the residents of Broadmoor have held a competition to see who can best decorate the exterior of their home for Halloween. It’s apparent that many in the neighborhood have embraced this competition by what I have been seeing. I went around the neighborhood and snapped some photos of what residents have done. Have a look.

Montlake Fall Carnival Tomorrow

Calling all Capitol Hill, Broadmoor, Eastlake, and Madison Park parents; the Montlake neighborhood is throwing a Fall Carnival tomorrow in celebration of Halloween, fun for all ages!

There will be a haunted house and carnival full of various festive games for ages 5-12 beginning at 5pm at the Montlake Community Center. There will be booths giving away candy for trick-or-treaters, so come dressed to impress in your best costumes, for an evening of fun for everyone. If you need directions to the Montlake Community Center, visit their website.