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.
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.
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 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.