Denny Blaine Real Estate: February Report

Seattle’s Denny Blaine real estate market was quiet in February. MLS data shows only one sale during the last winter month of 2016 as well as 2015. The two previous years were more active with four (2014), and four (2013) total February sales. Seattle’s low inventory and high prices seem to have buyers taking their time shopping these days.

Denny Blaine neighborhood, Seattle

Denny Blaine neighborhood, Seattle

Currently there are 5 active listings in the neighborhood totaling just over 15 million and 3 pending sales totaling over 2.8 million.  There were no Denny Blaine sales in January meaning that February’s one sale contributes to the year to date median and average sales price of $1,250,000, a significant jump from the only February 2015 sale of $515,000.

For similar information on Capitol HillMadison Park, or Madrona real estate please click the previous links above.

Denny Blain is a part of “Central Seattle” as defined by Seattle real estate agents. Central Seattle real estate mainly includes the area from the Montlake cut to I-90 and from Lake Washington to I-5.  The start of the year shows home prices are up across the city and sales for the first two months are down with 165 sold in 2015 versus 158 in 2016.  Currently in this central Seattle area there are 177 active listings.

If you have any questions about the Seattle real estate market, please feel free to reach out to a local Seattle real estate agent.

Classic Denny Blaine Mansion Gets New Home On Bainbridge

The house at its original location at Denny Blaine Park

The house at its original location at Denny Blaine Park on Lake Washington

A mansion that has called Denny Blaine Park home since the 1923 has gotten a new address after almost a century – Bainbridge Island. The 400-ton brick home was loaded onto a barge on Wednesday evening and made an overnight journey through Lake Washington, the Ship Canal, and finally the Ballard Locks before arriving on Bainbridge on Thursday night. According to King 5, the home’s new owners, Mary Rain and her husband, stumbled across the property on the website for Nickels Brothers, a company that specializes in “recycled” homes and house moving, and purchased it for $850,000 – including delivery.

A Nickels Brothers spokesperson told King 5 that the home’s previous owners planned to build a new house on the Denny Blaine site, but did not want to see the historic home demolished. The sale to the Rain family allowed the home to be preserved, and the spokesperson said nearly 200 trees’ worth of wood was saved from the landfill. Click here to see a video of the home and updates from its new location on Bainbridge!

Denny Blaine Real Estate: 3rd Quarter 2014

Washington Park SeattleDenny Blaine real estate, like the rest of the King County real estate market, is very strong.  Comparing closed homes sales in Denny Blaine for the 3rd quarter with the year before shows the increase in the market.  The number of home sales in Denny Blaine are low (due to the size of the neighborhood); thus the date is prone to fluctuation, but taken in context with the rest of the Seattle area market the numbers are consistent.  In both 2014 and 2013 in the 3rd quarter there was 6 sales, but in 2014 the average Denny Blaine sales price was over $1.7 million and $477 per square foot while in 2013 the average sales price was $1.1 million and $372 per square foot.  The number in September in King County and Seattle real estate market show similar trends.  The median price of a single-family home in King County in September was $460,000, almost 10 percent higher than a year ago and 5.3 percent higher than August’s median price.  According to the Northwest Multiple Listing Service, these stats indicate the best September for home prices in at least 10 years! The city of Seattle performed the best of all the sub-markets in King County in September, with the median price having risen to $517,000, 12 percent higher than September 2013.

While numbers were gathered from the Northwest Multiple listing Service; Statistics not compiled or published by the Northwest Multiple Listing Service.

Feel free to contact Kristine Losh if you want a complimentary price opinion of your home.  Kristine is a real estate broker with Ewing & Clark.

Above pictured home is located just outside of Denny Blaine on Hillside Drive East and currently for sale for $2,745,000.

Feedback on Denny Blaine’s Dorffel Drive Traffic Study

Dorfell DriveBy now many neighbors in the Denny Blaine and the surrounding neighborhoods are aware of the six-week traffic study that was conducted by the Seattle Department of Transportation (SDOT) on Dorffel Drive, which closed the eastbound lanes at the intersection of Lake Washington Boulevard East and 37th Avenue East (closure located where pickup truck is in picture). In response to concerns from Bush School students and parents, who identified the intersection as being a dangerous one for pedestrians and bicycles, and from Dorffel Drive residents who have seen increased traffic on the street, SDOT agreed to implement the temporary lane closure to test whether it would cut down on through traffic.

The study wrapped up on October 6, and so far response from neighbors has not been positive, citing decreased access to other parts of the neighborhood, and a confusing and dangerous situation for drivers who were not expecting the road blockage. Give SDOT your feedback on this issue by filling out this online form, or by commenting directly on SDOT’s Facebook page.

Denny Blaine Real Estate: Home Sales

Denny BlaineThere was three Denny Blaine homes that sold this July compared to two last July.  Of the three sales this year, the most expensive (pictured above) was a 1904 Craftsman Home on E John.  It was original listed for just under $3 million and sold for $2,625,000.  The second Denny Blaine home was a modern home built in 2013 – it sold for over asking price: $1,300,000.  The last home caused quite a stir.  It sat on the hill about 1/2 block above Bush School and was originally priced at $550,000: a low price for any Denny Blaine real estate parcel.  The 1952 home has “fantastic potential’ and buyers took notice bidding the house up to $718,500.

Denny Blaine is considered part of the Central Seattle residential real estate market (east of I-5 to the lake; south of the Montlake Cut to I-90).  The number of sales in Central Seattle only increased by one compared to last July (91 vs 92 sales) and the average sales price increased minimally from $855,163 to $867,652.

While numbers were gathered from the Northwest Multiple listing Service; Statistics not compiled or published by the Northwest Multiple Listing Service.

Feel free to contact me if you want a complimentary price opinion of your home:  Kristine Losh, Ewing & Clark Real Estate or check out the link to see what’s currently available in the Denny Blaine neighborhood.