Magnolia Real Estate Proves To Be Strong
Northwest of downtown Seattle with views of the Space Needle is the suburb of Magnolia, Washington. Value in Seattle’s Magnolia neighborhood is proving to be strong as listings are selling for original list price or close to them. Seattle’s job market continues to be strong and buyers desire to live close to the amenities of the city and near work. Schools in and around Magnolia also prove to be good institutions of knowledge. All these things add up to a great quality of life.
There are currently 65 active listings in Magnolia and 23 Magnolia homes have sold in the last 30 days. there is good activity in the real estate market in what typically is a ‘slow down’ season as buyers settle into holiday routines and children are active in school. For those who can make a move the interest rates are low and great for borrowers. This fact supports why the luxury market in Magnolia is so active. In the past 180 days 15 Magnolia homes SOLD above 1 million dollars. The lowest priced million dollar listing sold for $1,045,000 which is $10,000 over the original list price. The median sale price for million dollar homes in Magnolia is $1,165,005 and the highest sale price came in at $1,675,000 which leads our industry to believe that the Magnolia real estate market is strong and good homes are snapped up when priced well.
At the top of Magnolia’s pricing ($4,850,000) and atop Magnolia’s Bluff with exceptional Puget Sound views is baseball legend Jamie Moyer’s residence. If you have questions about specific Magnolia properties please let me know. In particular, if you monitor Magnolia premier properties or new to Seattle luxury property…Cooper Jacobs Real Estate will guide you in the search for those special real estate purchases and help in all real estate transactions.
Magnolia real estate stats compiled by Magnolia Realtor Courtney Cooper, Designated Broker at Cooper Jacobs Real Estate, email@example.com