Magnolia Seattle Washington Real Estate
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Magnolia Seattle Washington Real Estate Info
Magnolia Seattle Washington real estate is hot! This is a neighborhood with beautiful homes and great character. People who own Magnolia Seattle real estate enjoy quick access to all of Seattle.
Magnolia Seattle is located on its own little peninsula west of the neighborhood of Queen Anne and south of Ballard. Main access is via the Magnolia Bridge located off Elliott Avenue, where it turns into 15th Avenue West.
Magnolia Seattle is becoming more of a destination for people looking for something on the quiet side but still having quick access to Seattle’s nightlife. Magnolia is also becoming a popular destination for people searching for a solid real estate investment. In today’s Magnolia real estate market, there have been a few condo developments that have popped up. Magnolia real estate has been continuously appreciating due to high demand.
In the evening, Magnolia Seattle is relatively quiet with the majority of the businesses being centrally located towards the core of the neighborhood. That’s not to say there isn’t anything to do here. There are exceptional restaurants and local bars in Magnolia that you will not be able to find anywhere else in Seattle.
As you enter Magnolia, you are able to drive around the edge of the neighborhood and take in the view of Elliott Bay. Some homes have the most breath taking views of the water and Olympic Mountains. If you continue around the western edge of Magnolia Seattle, you will encounter Discovery Park. There is a treasure trove of history and information here regarding Magnolia Seattle, and the importance this area played in history.
One characteristic of Magnolia Seattle that makes this neighborhood a desirable area of real estate is the architecture styles of the homes. The architecture styles that stick out the most are Victorian, Tudor, and a few Queen Anne.
Another great characteristic of Magnolia is this neighborhood is very distinguishable from others in Seattle. Magnolia is set apart from the rest of Seattle by the beautiful trees lining the streets, the magnificent views of Elliott Bay and the Olympic Mountains, and how relaxing the overall atmosphere.
To summarize the Magnolia Seattle Washington real estate market and how Magnolia Seattle fits into the picture; homes here are beautiful. You will find it hard to find another neighborhood that offers what Magnolia does.
Magnolia Seattle Washington Real Estate - Single Family Homes
Magnolia Seattle has 4930 homes available. The average year these homes were built is 1946. The average size of a Magnolia Seattle home is 2,657 with three bedrooms and two bathrooms. There are 2881 homes that are single story, 747 home with one and half stories, 1209 two story homes, and 44 homes that have two and half stories or more.
Of these Magnolia Seattle homes, 4423 homes have basements. The average Magnolia basement is 1129 square feet. There are 1202 Magnolia Seattle homes with garages. These garages are an average of 345 square feet in size.
The average length of ownership for a Magnolia Seattle home is 8.3 years. Of the 4930 homes in Magnolia, 1753 have been owned for five years or less. Homes that have been owned between five and ten years equal 995 and 1433 homes have been owned for more than ten years.
There are 4208 homes in Magnolia Seattle that are owner occupied and 722 homes that are non-owner occupied.
The average property taxes for a Magnolia home is $5899.
In 2007, there have been only 62 homes sold in Magnolia Seattle. This represents a little more than a 1% turnover in the neighborhood. The average selling price for a Magnolia Seattle home is $850,767. The low price was $335,000 and the high price was $3.5 Million. The average price per square foot is $318.
For 2006, there were 280 homes sold in Magnolia Seattle. This was a 6% turnover. The average selling price was $767,519. The lowest selling price was $300,000 and the high price was $3.125 Million. The average cost per square foot was $291.
In 2005, there were 299 homes sold in Magnolia. This was a 6% turnover rate for Magnolia. The average sales price was $706,724. The low price was $175,000 and the high price was $5.5 Million. The average cost per foot was $265.
During the past 12 months, 313 homes were sold in Magnolia. The average sales price was $682,852. This was an average of 130% higher than the assessed value. During the same 12-month period, 35 homes were sold for an average of $1,317,902. This average was 113% higher than the assessed value.
If given the chance and opportunity to grab a piece of Magnolia Seattle Washington Real Estate... Do it.
Magnolia Seattle Washington Real Estate - Condos
There are 799 condos in Magnolia Seattle (as of 6.01.07). The average year built for these Magnolia Seattle condos is 1975. They are an average of 1002 square feet in size with two bedrooms and one bathroom. Three of these condos are in single story buildings. Fifty-five of these condos are in two story buildings and 741 of these condos are in buildings two and a half stories or taller.
The average length of ownership for a Magnolia Seattle condo is 6.9 years. Of these condos, 395 have been owned for less than five years. The number of condos that have been owned between five and ten years is 171 and 192 condos have been owned for ten years or more.
There are 477 owner occupied homes and 322 non-owner occupied homes in Magnolia Seattle.
During the past 12 months, there have been 27 condos sold for an average of $240,300. This is an average of 143% of the assessed value. During the same 12-month period, 51 homes have been sold for an average of $261,534. This is an average of 109% of the assessed value.
This neighborhood is a great area to be searching for Seattle Washington real estate.
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