Saturday, March 13, 2010

Seattle Luxury Home Sales Up Big vs. 2009

2009 was an unusually slow year for real estate sales, and Seattle's luxury home market may have suffered the worst. After a couple of months of sales in 2010, however, it looks like the outlook for sales of Seattle luxury homes is brightening quite a bit as closings have picked up dramatically.
Seattle Luxury Home Sales
Seattle Luxury Home Sales
There were just two single-family home sales over $2 million in Seattle at this point in 2009, according to NWMLS statistics. Compared that with the 6 sales so far in 2010, and we may have a sign that the easing of jumbo mortage financing and a renewed positive outlook in our local market may be turning this market around.
Waterfront Magnolia Home
Waterfront Magnolia home
5602 39th Ave W, Seattle WA 98199
At $2.1 million, a 5 bed, 3.5 bath home in Northwest Magnolia sold in late February. This home has nearly 5000 sq ft of living space and Puget Sound waterfront with a dock. The amenities include a pool, spa, outdoor kitchen, and a four car garage. It was on the market for 8 months.
 
Waterfront Home in The Highlands
Waterfront Home in The Highlands
1301 Cherry Loop, Seattle WA 98177
In the Highlands, a 4 bed, 5.75 bath home sold for $2.45 million. With 6260 square feet and Puget Sound waterfront access, this home is the ultimate in privacy. The Highlands gated community provides security and large lots with secluded windy roads and driveways. It sold after 11 months on the market.
 
North Capitol Hill
North Capitol Hill Luxury Home
1658 Federal Ave E, Seattle WA 98102
A 6 bed, 4.5 bath home in North Capitol Hill sold for $2.7 million. This is a classic historic home with almost 7400 sq ft of living space and nearly a half-acre of land. The quiet street is typical of this small oasis separated from the rest of Capitol Hill's excitement. It had been marketed for two years.
 
Washington Park Waterfront Home
Washington Park Waterfront Home
408 39th Ave E, Seattle WA 98112
In Washington Park, a 3 bed, 2.5 bath home sold for $3.2 million. This 1940s-built waterfront home has 3180 sq ft of living space on a cozy waterfront Lake Washington lot. It was listed for 6 months.
 
Windermere Seattle Home
Windermere Seattle Home
6411 NE Windermere Rd, Seattle WA 98105
Moving up North, a property in the Windermere neighborhood sold for $3.32 million. This home has a 3 bed, 3 bath main home and a 2 bed, 2 bath guest house. The Lake Washington waterfront footage 131 ft of low-bank shoreline. It had been listed for 10 months.
 
Denny Blaine Home
Denny Blaine Home
280 Maiden Ln E, Seattle WA 98112
Rounding out the luxury home sales, a Denny Blaine home sold for $3.505 million. The 6 bed, 4.5 bath home is an early 1900s colonial. Like many homes in Denny Blaine, this home is secluded and provides plenty of privacy. It sold after 10 months on the market.
 
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Sam DeBord is a licensed real estate broker with SeattleHome.com, a division of Washington State Realty, LLC. He is a member of the Seattle-King County Association of Realtors and a Green-Certified Pro.
Source: Individually compiled NWMLS statistics. The NWMLS database and statistics do not include many new construction pre-sale units, private sales or auction sales. These statistics were not compiled or published by the Northwest Multiple Listing Service.
Sam DeBord and Brian Wiegand
SeattleHome.com - Washington State Realty - (206) 658-3225
Real Estate Brokers, Realtors, Green Certified Pros
 
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