News Blog for Seattle's Maple Leaf Neighborhood

 

Million dollar Maple Leaf home: NY Times

February 9th, 2016 by Mike

Tami emails to point out a Maple Leaf house (on Thornton Creek) is featured in The New York Times.

“I never would have thought it,” she says.

It’s part of a standing Times feature on “What you can buy…” that compares houses across the country with approximately the same price point.

Separately, the online real estate search site Estately has proclaimed Maple Leaf to be the 16th hottest neighborhood in Seattle.

(Who’s No. 1? Phinney Ridge.)

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Watch out! Maple Leaf is "increasingly popular"

May 28th, 2013 by master

In a recent slideshow on SeattlePI.com, Maple Leaf got something better than just a photo.

The slideshow, called “Where is that home, really?” includes the description: “Home listings often claim a neighborhood that’s not their own.”

It begins with what you would expect, a claim that if a listing says a home is in Green Lake, you should probably assume the home is not within a stone’s throw of the lake – it could even be as far as North Seattle Community College!

But Green Lake isn’t the only neighborhood that’s misidentified. Apparently, Maple Leaf is also a trendy label these days. According to slide 5:

It seems even fewer sellers want to identify as being in the Roosevelt neighborhood. Homes there often claim Ravenna or increasingly popular Maple Leaf.

Just for the record, here is the Maple Leaf Community Council’s official map of Maple Leaf, which runs from Northeast 75th Street to Northgate Way and from I-5 to Lake City Way (but minus Northgate Mall and Victory Heights).

Move over Green Lake, here comes Maple Leaf!

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Northeast Seattle housing market remains as hot as the recent weather (sponsored story)

May 15th, 2013 by Mike

(This is a sponsored story written by John Madrid, Managing Broker with John L. Scott Real Estate.)

There are no signs that the current trends of low inventory, rising prices, short sales times and multiple offers will be abating anytime soon.

For Northeast Seattle, including Maple Leaf, Bryant, Laurelhurst, University, View Ridge and Wedgwood, there continues to be only about a one-month supply of single-family home inventory. This tight inventory can be attributed to continued low interest rates, robust Puget Sound area hiring and a generally improved economy including significant gains in the stock market. Whether the market will become more “balanced” (defined as a 3-6 month supply of homes) will hinge on many more listings hitting the market over the coming months.

Of homes closed in Northeast Seattle in April the average sale price was a little over 102% of the most recent list price. This indicates continued multiple offer situations.

Prospective buyers also should think in terms of at least a minimum of 3-5+ year home ownership horizon and preferably maintain the option to hold onto their home through future downturns in the market. Home seller costs (excise tax, title/escrow fees, sale commissions) of approximately 9% of the sales price should also be factored into any decision to purchase.

More stats on other Seattle neighborhoods can be found at

http://www.live206.com/seattle-market-update-c22527.html

John Madrid is a managing broker with John L. Scott Real Estate – University Village and is a 2005-2012 Seattle Magazine “Five Star” Agent. His clients include both home buyers and sellers. He can be reached at 206-498-1880, john@live206.com or www.live206.com.

Statistics are deemed reliable but are not guaranteed. All information should be verified to the users own satisfaction.

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Rain, Rain Ain’t Keeping Home Buyers Away (sponsored story)

March 18th, 2013 by Mike

(This is a sponsored story written by John Madrid, Managing Broker with John L. Scott Real Estate).

It continues to be a seller’s market in Northeast Seattle including Maple Leaf, Bryant, Laurelhurst, University, View Ridge and Wedgwood neighborhoods where there is a little less than a one and half months of single-family home inventory.

If you are a fortunate home seller expect to see a lot of open house traffic, buyer “love letters” and possibly multiple offers if your home is located in a popular neighborhood and is competitively priced.

And what to do if you are a home buyer?

First, get your financial ducks in-a-row by getting preapproved by a local lender who is available in the evenings and on weekends.

Second, try to get out to see homes before the weekend which will give you more time to line-up pre-inspections if offers aren’t being reviewed for a few days.

Third, reduce the number of contingencies within your comfort level. Finally, write that love letter even if it’s just a short paragraph in addition to a summary of your offers terms. Don’t go overboard but in this market it just may help you stand out from the pack.

More info on other Seattle neighborhoods can be found at http://www.live206.com/seattle-area-market-update-c21537.html

John Madrid is a Managing Broker with John L. Scott Real Estate – University Village and is a 2005-2012 Seattle Magazine “Five Star” Agent. His clients include both home buyers and sellers. He can be reached at 206-498-1880, john@live206.com or www.live206.com.

Statistics are deemed reliable but are not guaranteed. All information should be verified to the users own satisfaction.

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Maple Leaf named one of America's top 10 hottest neighborhoods for 2013

January 14th, 2013 by Mike

Seattle-based real estate site Redfin today named its top 10 hottest housing neighborhoods in the country for 2013.

Eight of them are in California. One is in Chicago.

The 10th is us, Maple Leaf, north Seattle.

Here in “N. Maple Leaf,” according to Redfin, prices are up 22 percent, year over year, and sales up 15 percent. Listings are down by 44 percent.

The hottest neighborhoods are all seeing shrinking selection, increasing sales, and increasing prices—often at rates far above the metro areas that contain them.

Today’s Puget Sound Business Journal, picking up on the post, quoted a Redfin agent: “North Maple Leaf is in the Roosevelt School district and has lower prices than some of the surrounding neighborhoods like Wedgwood and Ravenna. There is easy access to I-5 South to commute to downtown. Homes that go on the market sell very quickly in this area.”

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Maple Leaf named one of America’s top 10 hottest neighborhoods for 2013

January 14th, 2013 by Mike

Seattle-based real estate site Redfin today named its top 10 hottest housing neighborhoods in the country for 2013.

Eight of them are in California. One is in Chicago.

The 10th is us, Maple Leaf, north Seattle.

Here in “N. Maple Leaf,” according to Redfin, prices are up 22 percent, year over year, and sales up 15 percent. Listings are down by 44 percent.

The hottest neighborhoods are all seeing shrinking selection, increasing sales, and increasing prices—often at rates far above the metro areas that contain them.

Today’s Puget Sound Business Journal, picking up on the post, quoted a Redfin agent: “North Maple Leaf is in the Roosevelt School district and has lower prices than some of the surrounding neighborhoods like Wedgwood and Ravenna. There is easy access to I-5 South to commute to downtown. Homes that go on the market sell very quickly in this area.”

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Homes sales down, prices up in Maple Leaf

December 15th, 2010 by master

Redfin has released its monthly home-sales report for November, which includes a “few lumps of coal” for King County:

November sales volume is down for King County by 22.3%, and inventory is continuing to be pulled off the market for winter at a quick pace. Of the homes withdrawn from the market, only 40% of them sold while the remaining 60% de-listed to wait out the winter.

On the bright side, at least if you’re a home-seller: prices dropped by only 2.6%. The median price of homes is holding pretty steady at a time when most of the rest of the country is down. Interest rates are starting to rise and home-buyers are getting antsy.

As for Maple Leaf, here are the data:

Number of houses sold in November: Six (in October 13 homes sold, and 12 sold in November 2009).

Median sales price: $432,000 (up 20.4% from October’s $358,850 median, and up 6.1% from the year-ago median of $407,000).

Median listing price: $403,944 (up 1% from October’s median of $399,888, but down 8.2% from $440,000 a year ago).

Number for sale at the end of November: 34 (compared with 37 a month ago and 26 a year ago).

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Median Maple Leaf home price rises to $420,500

August 13th, 2010 by master

The median price of a home sold in July in Maple Leaf rose 7.5% from June, but was still 1.1% below the median price paid in July 2009.

Last month, the median sale price was $420,500, while it was $391,250 in June and $425,000 the year earlier, according to Redfin. However, the company says that the uptick in home prices was a trend it attributed more “to a shift in sales volume toward higher-end homes, not any buyer willingness to pay more for the same house from one month to the next.”

It noted that the most pronounced increase was in Seattle proper, where the median of $452,500 paid for a home in July showed an increase of 8.3% from June, when the median price was $418,000, and also was up 9.3% from July 2009, when the price was at $414,000.

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