Magnolia Luxury Homes Market

By
Real Estate Agent with All Seattle Homes for Sale: CooperJacobs.com
Magnolia $1.5 Million And Up Real Estate Market: Let's review what is happening out there in the upper end of the Magnolia real estate market.

Currently, there are 15 Magnolia homes for sale in the more Magnolia luxury market.

These Magnolia estates range in price from $1,575,000 to $4,850,000 and include a certain ex Seattle Mariner Mansion. The median price is $1,730,000 with an average days on market of 165 days. The average square feet of these Magnolia Luxury Homes? 4,549 with a high of 7100 on one of the Magnolia luxury estates for sale.

Currently, there is only 1 Magnolia home for sale that is Pending in the $1.5M and up range. The days on market for it are 149 days and it's last list price in the NWMLS was $1,585,000 after being reduced from its original listing price of $1,687,000.

Since January 1st 2011, 10 Magnolia luxury homes have sold in the MLS. These ranged from $1,630,000 to $4,700,000 with a median price of $1,922,500. Of these, 4 have closed in 2012. The average sales price to list price ratio on them is 91.19%. None sold for over list, but all except one were well into the 90% and up range of list price. Here are the Magnolia luxury properties that have sold in 2011 and 2012 so far:
  • 2807 W Viewmont Wy W: 6 Bedroom Magnolia home, 3.25 baths on 0.294 of an acre built in 1928. Closed on 03/13/12 with Original list price in MLS: $1,950,000, final list price: $1,697,000, SOLD for:$1,630,000 (96.05% of sales price to list price)
  • 3805 W Parkmont Place: 4 BR, 4.50 BTH, 4,440 SQ FT, 0.115 ACRE LOT, Built in 1999, Closed on 04/18/11. Original list price of $3,695,000, final list price of $1,800,000 and sales price of $1,700,000 (94.44% of sales price to list price)
  • 4517 W Dravus St: 5 BR 4.00 BATH 4,400 SQ FT Built in 1962 closed on 06/28/11. $Original list price: $2,390,000, final list price: $1,998,000, final sales price: $1,800,000 (90.09% of sales price to list price)
  • 2336 Magnolia Blvd W: 3 BR 2.50 Bath 3,500 Square feet, 0.126 acre lot size and built in 1926. This Magnolia home sold on 06/28/11 with original list price in MLS of $2,600,000, final list price of $1,999,500 and final sales price of $1,835,000 (91.77% of sales price to list price)
  • 3057 Perkins Lane W: 4 BR 2.25 Bath 2,400 Square feet 0.394 acre lot size and built in 1960. This Magnolia home sold on 04/29/11 with original list price in MLS of $2,000,000, final list price of $2,000,000 and final sales price of $1,950,000 (97.50% of sales price to list price)
  • 2720 W Galer St : 7 BR 5.75 Bath 9,847 Square feet 0.263 acre lot size and built in 1909. This Magnolia home sold on 04/23/12 with original list price in MLS of $2,195,000, final list price of $2,195,000 and final sales price of $1,895,000 (86.33% of sales price to list price)
  • 2480 Crestmont Place W: 5 BR 4.75 Bath 5,700 Square feet 0.130 acre lot size and built in 2007. This Magnolia home sold on 12/22/11 with original list price in MLS of $3,300,000, final list price of $2,900,000 and final sales price of $2,105,000 (72.59% of sales price to list price)
  • 2823 W Galer St: 4 BR 5.25 Bath 5,330 Square feet 0.227 acre lot size and built in 2009. This Magnolia home sold on 02/29/12 with original list price in MLS of $2,985,000, final list price of $2,985,000 and final sales price of $2,900,000 (97.15% of sales price to list price)
  • 2929 W Eaton St : 6 BR 4.00 Bath 7,260 Square feet 0.201 acre lot size and built in 1936. This Magnolia home sold on 11/18/11 with original list price in MLS of $3,999,000, final list price of $2,999,000 and final sales price of $2,700,000 (90.03% of sales price to list price)
  • 3025 Magnolia Blvd W: 4 BR 5.25 Bath 11,280 Square feet 2.110 acre lot size and built in 1940. This Magnolia home sold on 02/13/12 with original list price in MLS of $4,900,000 , final list price of $4,900,000 and final sales price of $4,700,000 (95.92% of sales price to list price)

Overall look at Magnolia luxury markets and Magnolia historical estates markets: Funding for these types of homes has opened up to the point that affordability has broadened making Magnolia luxury homes and Magnolia historic Mansions more desirable than they have been even in the past if that is possible.

Many Magnolia home owners are not aware that there is a wider pool of qualified luxury Magnolia home buyers and as a result inventory is still lacking. If you have been thinking about getting your Magnolia historical estate, Magnolia estate, or Magnolia luxury home on the market, then please let us know. We have inquiries weekly both from local Seattle home buyers and home buyers interested in relocating to Magnolia in Seattle. In addition, Cooper Jacobs Real Estate has a high profile Internationally on the Internet and is able to gain our clients greater exposure for you online through various avenues. Our marketing is innovative and different. In addition to all the traditional methods of marketing used by all Magnolia Realtors, Cooper Jacobs will surprise you and often our competitors with a very fresh approach. You can get in touch with us here: realestate@cooperjacobs.com Thank you in advance! ~Courtney

Posted by

 

 

Courtney Cooper

Seattle Realtor

Cooper Jacobs Real Estate Group powered by Keller Williams Downtown Seattle

courtney@cooperjacobs.com | 206-850-8841 

(Seattle real estate - search all MLS listings from all companies), SeattleAfloat.com (or look for them for sale: Seattle Houseboats), GreenLakeLoop.com (Green Lake Blog), QueenAnneBoulevard.com (Queen Anne Blog), MagnoliaView.com (Magnolia Neighborhood Blog), LaurelhurstView.com, MadisonParkView.com, CapitolHillView.com

About Me: 

Seattle real estate has been a huge part of my life for well over a decade since I began my career in real estate,but also before that time when I was in the process of purchasing my own first home.  Buying your first home can be quite overwhelming,but I have managed to help many first time home buyers along the way.

Move up Seattle buyers and other types of specialized purchasing is a great passion of mine!  I love Seattle houseboats and you can find me down on the docks of Lake Union and Portage Bay several times a week.   Other aspects of Seattle real estate that I adore include Queen Anne Real Estate,Wallingford Real EstateBallard Real EstateGreen Lake Real EstateLaurelhurst Real EstateMagnolia Real Estate,and Seattle Waterfront Real Estate

© Cooper Jacobs Real Estate Group  |   Afloat In Seattle™
 ® SeattleAfloat  |  Lake Union Afloat ℠ | Seattle Waterfront Living 
Seattle Houseboat Living ℠  | Madison Park View ℠ | Magnolia View 
Laurelhurst View ℠  | Capitol Hill View ℠ 
 All rights reserved. 

©Cooper Jacobs Real Estate  ® Seattle Afloat                 Keller Williams Downtown Seattle

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Washington Adams County Benge
Tags:
magnolia luxury homes market
magnolia luxury realtors
magnolia historic estates
magnolia historical homes

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
702,924

Courtney Cooper

206-850-8841
Ask me a question
*
*
*
*
Spam prevention