Of all these neighborhoods, the furthest south locales are where the better (read lower) prices are at. The closer to downtown Seattle you'll tend to see prices going up, unless the street/house hasn't had good upkeep. Architects have been focusing on the renovated areas of Madison and the Central District. Not everyone is savvy to the cuteness that isthe Madrona neighborhood just east of MLK and before you hit the pricier areas of the Lake Washington view homes down below the steep hill dropoff. The Central District has a widely varying demographic giving it an eclectic vibe.
This is reflected in the breakdown of the MLS market areas that encompass these areas. Examples: Mt. Baker/Rainier had an average sales price in May 2009 of $404,060 and average YTD of $409,048, down 10% from last year. Beacon Hill average sales price for May was $345,767 and YTD of 337,958 down only 4% from last year. Central Seattle/Madison Park had an average sales price of $714,221 and a YTD average of $723,942. That's down 25% from last year's average of $968,625 proving again that it's the higher priced homes getting hit hardest in our local economy.
Location Characteristics: Encompassing a wide variety of territory in Seattle the Central Area can have multiple neighborhood distinctions. Some will include Madison, Capitol Hill, First Hill and Madrona in the description and others may focus more on Central District, Jackson, Leschi, and Mount Baker. Adding in the further south areas would wrap in Rainier Valley and Beacon Hill.
About Reba Haas and Robin Tomazic:
Team Reba has a combined 21+ years in real estate and an additional 30+ years in corporate sales, contract negotiation, financial analysis and marketing. We have a well earned reputation as excellent communicators and top sales performers. Team Reba is a top producer in the local region and is ranked high nationally from our work with both investor and residential clients in the Puget Sound and Greater Seattle areas.
Attention to detail is particularly important in a large transaction such as the purchase or sale of real property, whether for a home or as part of an investment portfolio, and Team Reba's group expertise will help make the transaction a successful one for our clients. Team Reba members strive to help Buyers and Sellers achieve satisfaction with the outcome of the transaction and provide protections against legal and financial exposure. Team Reba's success is reflected through: 1) High rate of referrals, 2) Return clients, and 3) Excellent service ratings.
We are proud members of the National and local Association of REALTORS(R), serving on several committees; members of Commercial Broker's Association (CBA); and Associate Members of the Rental Housing Association of Puget Sound. Team members have earned the Accredited Buyer's Representative (ABR) , Accredited Home-Staging Specialist (AHS), Senior Real Estate Specialist (SRES), and Certified Residential Specialist (CRS)designations and we are also actively involved in community as well as charitable organizations. It is our belief that "we only gain by giving" which is evident by our donations of time and resources to our chosen local charities. A list of these organizations can be found on our Team Reba website.
To learn more about the members of Team Reba and to view our upcoming classes for residential and investment real estate please visit http://www.TeamReba.com.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
