Magnolia’s real estate market continues its surge

By
Managing Real Estate Broker with 206 909-7536 AdrianWillanger-broker.com 17900

 

Magnolia’s real estate market continues its surge

This Week:

The median list price this week in Magnolia is $1,016,950  is unchanged from last week’s  list price of $1,016,950.   The  Market Action Index (MAI see below chart) has been trending down lately, while  day-on-market climbing, providing mostly bearish signs for the market.

 

Supply and demand

The  Magnolia real estate market continues to get hotter.  More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices.  Current supply and demand levels show no sign of prices changing from their current trend.

 

Average days-on-market: 160 up  from last week’s 156 days.

Percent of properties with price decreases: 23% unchanged  from last week’s 23%.

Price

Prices in Magnolia hit another all time high this week.  You can see prices continue to march higher.  Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.

Receive a  FREE WEEKLY UPDATES on the latest Magnolia real estate market activity e-mailed to you weekly. View recent sales in the Magnolia neighborhood.

Localized real estate market reports are great for getting a “feel” of what that specific market is doing.  For a more accurate pricing on residential property a Competitive Market Analysis (CMA) needs to be done comparing your home with current

properties that have sold recently in your neighborhood for a detailed report contact Adrian Willanger @ 206 909-7536.

How do Magnolia median list prices compare to Queen Anne Hill?

Real Estate Market Chart by Altos Research www.altosresearch.com

Looking to purchase a home in Magnolia?

Looking to buy check out our new homes and lifestyle search below. Search homes for sale, neighborhood amenities and view real estate trends in and around Magnolia.  For more individualized information contact Adrian Willanger.

Seattle’s Magnolia neighborhood is the second largest neighborhood in the Seattle area with roughly 20,000 residents. Magnolia is bordered by Salmon Bay and Shilshole Bay and the Lake Washington Ship Canal.  The majority of homes in Magnolia are either built near or close to a hill allowing many Magnolia residents great views. View homes in Magnolia are a prize to be had and are in great demand.Living in Magnolia

Water, Parks, views and shopping Magnolia

Magnolia in addition to being surrounded on three sides by water it has an abundance of public parks that offer visitors and occupants the opportunity to hike, run, picnic while enjoy major water and mountain views.  One of the largest attractions of Magnolia is the “Village” which has everything one needs without having to drive away from the neighborhood. The popular shopping community has many homes for sale that are within walking distance to Magnolia Village.

Sunday’s open houses in Magnolia are always extremely busy filled with residents of Magnolia and home-buyers looking to purchase a home in Magnolia.

New listing within the last 7 days

New bank owned and short sales within the last 7 days

Pending sales within the last 7 days 

Upcoming open houses

Magnolia

 

 

 

 

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Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.

Comments (4)

Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

super market report to share with the area buyers and sellers in your local market!

Jan 09, 2014 02:56 AM
Roy Kelley
Retired - Gaithersburg, MD

Prospective home buyers need to understand the current market conditions and should be prepared for multiple contract competition for some properties.

Jan 09, 2014 06:40 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Adrian, valuable information for any buyers looking in Magnolia!  

Jan 10, 2014 10:49 PM
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Adrian, 

Joan above is absolutely correct ast this market info is valuable to folks who want to live in Magnolia. 

Jan 11, 2014 01:34 AM