Leschi - Madison Park - Mount Baker - Seward Park
The Seattle (Central) sub-region comprises that portion of Seattle east from South Lake Union and southbound along the Lake Washington shoreline from the Montlake Cut to Bryn Mawr. There were 5 sales here from January 2017 through May 2018, at an average selling price of $1.8 million, and an average price per square foot of nearly $500. What was noted for the northern sub-region of Seattle is perhaps even more relevant here: single-family waterfront homes along the shores of Lake Washington are infrequently sold. There are only a small handful of such sales between Foster Island and Seward Park annually, while condo sales are somewhat less rarely seen. When they do hit the market, these homes are highly valued; and once sold, they might remain in family estates for generations. Sales on Lake Union and south of Seward Park are more frequent.
The average waterfront single-family home price in this sub-region rose at a declining rate from 2014 through 2016. In the first half of 2017, the average price settled back a bit; but the 2017 waterfront selling season is far from over as of the date of this report.