Denny Blaine Home Sells in Just Over a Week

Denny BlaineThe Denny Blaine home at 3722 E John went pending in just 9 days.  In this hot Seattle real estate market selling a home in 9 days is not unusual, but it is unusual for Seattle homes that sell for over $2.5 million.  This Denny Blaine home was listed by Ewing and Clark for $2,995,000.  Since January 1, 2016, there has been 88 homes in Seattle that have sold for over $2.5 million and the average day on market is 138 days.  denny blaine

It is not surprising that this Denny Blaine real estate sold so quickly.  3722 E John is a sun-filled Denny Blaine home perfectly place on lush grounds with sweeping lawn surrounded by roses, lavender, and lilacs.  Inside the home has been updated while keeping its original charm.  Denny Blaine HomeWood floors with, leaded windows, fabulous living room with fireplace, sunroom, formal dining room with updated kitchen.  Denny Blaine Real EstateThe upstairs includes the master bedroom features views of Lake Washington, as well 3 other bedrooms and two additional bathrooms.  The basement has been updated with entertainment room as well as additional bedroom and bathroom.

For more information about Denny Blaine real estate contact a local Seattle real estate agent who knows the area.

Denny Blaine Real Estate – 2016 Review

Denny BlaineDenny Blaine real estate continued to be strong in 2016 as it was in 2015.  Not a lot of homes sell in Denny Blaine each year, so the real estate statistics can be deceiving.  On average, there are just under one and a half (1.5) Denny Blaine home sales per month.  In 2016 there were 15 sales, while in 2015 there were 19 sales.  WHile the median sales price ($1,100,000 vs $1,400,000) and cost per square foot ($471 vs $494) went down in 2016 from 2015, the average days on market (45 vs 48) improved in 2016.  What might be the most telling, is the average sales price over average list price was 102.1% in 2016 versus s still strong 98.9% in 2015.  The decrease of the total Denny Blaine home sales and average sales price versus list price increasing can probably be attributed to the tight inventory in Denny Blaine and Seattle.

The Seattle market did see increases in price and the number of sales, but the biggest story in the Seattle real estate market was the low inventory.  Inventory was tight throughout the year in the 23 counties served by the Northwest Multiple Listing Service, there was an average of 1.86 months of inventory in 2016, compared to 2.4 months in 2015. King County was the tightest with only 1.1 months of supply. A balanced market is generally considered to be between 4 and 6 months of inventory.

The luxury real estate market was strong in 2016, with over 3,251 home sales over $1 million compared to 2,676 in 2015: over a 21 percent increase in the 23 counties. The number of condos over $500,000 also increased with 1,711 sold in 2016 versus 1,459 half-million dollar sales in 2015: also over a 21 percent increase in the same area.  The vast majority of luxury sales are in King County.

2017 seems to be taking over where 2016 left off. Low inventory remains and prices remain strong. As always, to maneuver the market, reach out to your local real estate broker to navigating the Seattle real estate market.

Pictured:  Home pictured about is Denny Blaine Waterfront listed by Ewing and Clark real estate for $12,000,000.

These statistics were gathered from the Northwest Multiple Listing Service, but were not compiled or published by that organization.

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 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.

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.