Leschi - Madison Park - Mount Baker - Seward Park
The Seattle (Central) region echoes much of the same information found in the Seattle region. What is most drastic in this area is the extreme decrease in days on market. Madison Park has cut its average days on market nearly in half from 2014, (120 then, 69 now) and Leschi is even more extreme, with an average of 115 DOM in 2015 and just 18 in 2016.
Madison Park gives us the best snapshot of this area as they have the most home sales year-over-year compared to the others. Average sales price in Madison Park is up 67.1% from 2015 to 2016, $515,025 to $860,707. With close proximity to downtown Seattle but with a slightly lower asking price than neighborhoods closer to the city center, the “Central Seattle” region offers a great alternative to those wanting to live close to where they work. While this region does show the same range of high-end multi-million dollar homes to lower-priced condos as Seattle Proper, the range of prices you are expected to pay is a bit lower overall.