We are already halfway through the year and there is still not much relief in the Seattle real estate market for buyers as inventory remains low and prices continue to rise! The Denny Blaine neighborhood has had four sales since January, last year around this time there were three. Though there may not be much of a change in sold listings, the prices have jumped! The median price has gone up from $1,250,000 to $1,611,675 and the lowest price has rose from $950,000 to $998,000. The average selling price has gone up $388,255. The average cumulative days on market has gone from just 34 days this time last year to 103 days in these last 6 months. There are currently 3 active listings and 3 pending.
Ewing and Clark has sold 3 homes this past spring in the Denny Blaine area. On average, each home sold in 10 days!
The sun is here and so are some listings in Denny Blaine! As the weather heats up more home owners are opening their doors to sell, more than last year at this time! Last year Denny Blaine didn’t have one sale in the month of May (2016). Last month there were 2 listings sold and there are currently 4 active and 2 pending.
There may be a bit more inventory, but the prices are still high. The average price of the available homes in Denny Blaine currently total to just over 3 million, and the pending is almost at a total of 4 million.
Denny Blaine 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 five months are close with 590 sold versus the 600 in the first 5 months of 2016. Currently in this central Seattle area there are 116 active listings.
Contact Kristine Losh for all your real estate needs!
Photos above:First - Pending listing in Denny BlaineSecond - Sold listing in Denny Blaine
There is a heron hanging out in the “duck” pond at Denny Blaine Lake Park with its turtle friends (see turtle to heron’s right). The heron looks to be calling the pond home, because it has been there for days. Maybe it is one of the heron’s from Commodore Park near the Ballard Locks. Maybe we will see more herons in Denny Blaine and the surrounding Seattle neighborhoods. Just in case, pull over as you are driving by the “heron” pond to see it while you can.
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!