Homes Sold in the Seattle WA Neighborhood of Magnolia March 2008

A total of 19 single family homes sold in the Seattle, Washington neighborhood of Magnolia during the month of March 2008. This was slightly less than in February of 2008 but off 1/3 from March of 2007.

Last month the average home sold for $724,303 and the median sold for $715,000. The average is up 8% and the median is up 6% from February, but off 13% and 8% respectively from March of 2007.

View Listings This link is active for 30 days from date of posting. If it has expired and you'd like to view these listing contact Andrew at 206-930-8238 or info@AndrewLParker.com .

Work For Food in Seattle!

More progress has been made with my campaign to help the homeless in Seattle. To date I've raised $2050.00. To learn more about my campaign go to http://www.andrewlparker.com/Workforfood.htm.

Letter of Recomendation for Andrew L. Parker RE/MAX

Dear Andrew,

Thank you so much for all your assistance in selling my Condo last month. Dealing with real estate matters can be very stressful but your knowledge, courteous demeanor, and professional attitude guided me effortlessly through the maze. It was a most rewarding experience and I can't imagine having such a swift and successful sale without your help.

I shall recommend you as a Realtor with the highest level of integrity. May you have continued success.

Sincerely,
Thelma Anderson

View Letter

To read other letters of recommendation for Andrew L. Parker go to: http://www.andrewlparker.com/testimonials.htm

Seattle Real Estate Market Review

The number of home sales for March 2008 in the greater Queen Anne, Magnolia, Ballard, and Greenlake is trailing 2007's numbers by just over 25%. In addition home prices are down. Of the 188 homes that sold in March the average home sold for 8% less and the median home sold for 12% less than in March 2007.

Sellers who priced their homes right netted the most money from their sale. Below is a breakdown of the average sales price divided by the average listing price (% sp/lp). It is clear that the longer the home is on the market the less money a seller will net.

• 30 Days: 99.79%
• 31 to 60 Days: 98.15%
• 61 to 90 Days: 94.70%
• 91 to 120 Days: 97.08%
• 121+ Days: 95.96%

Seattle is still feeling the hangover type effects of the mortgage meltdown. I believe we are at the bottom and the market will start to work its way to better health.

As we approach summer the real estate market should improve. Although the average and median priced home for this area was down, I believe the real estate market is unlikely to crash in Seattle as it has in other areas of the country. In a recent article Forbes.com lists Seattle as the tenth best city for home sellers.

Margi Baxter Wilburn at the Ballard Art Walk April 2008

I’ll be hosting photographer Margi Baxter Wilburn this month at the Ballard Art Walk this month. Her work “…is all about bringing people a different view point. There are so many more ways to see than at eye level.”

Stop by to view her work and enjoy a little wine, beer and Hors D Oeuvres. More Details