Estates Northwest: Seattle Real Estate Blog : Washington: Seattle: Greenlake

Green Lake real estate has slowed more so this month than the rest of the year despite record low interest rates.   As of today according to the stats I pulled out of the NWMLS, there have been  a total of 9 residential sales (houses and townhouses) in Green Lake for the month of December.  Now many agents write contracts to close at the end of the month so I will check back and see what the coming days bring in sales. 

The slower movement in Green Lake is not surprising to me based on holiday shopping and the horrid weather we have been having.  The slush alone is difficult to get around in - never mind the ice and snow of last week.  The back up data on the nine closed houses in Green Lake is as follows: Average days on market for these closed sales are 83 days with a low of 33 days and a high of 234 days.  Low price in Green Lake is $340,000 and high price is $1,150,000 with an average of $507,889 and a median of $427,000.  The over one million dollar house is the one that took the 234 days, by the way. 

It isn't all slow news - yes, only nine houses closed, but there are another 15 houses which were marked as Pending since the beginning of the month.  Pending means that there are contracts on these houses and they are waiting to close.  Hopefully with the current lending environment a good portion of these will still close successfully.  My advice as of late to clients is if you have a loan, DO NOT drag your feet.  Close it!  You might be pre approved one day and the programs shuts down or changes the next.   

There are 91 Active listings in Green Lake!  If you want to take advantage of the lower interest rates, check out the MLS listings for these houses here:

Green Lake Real Estate

The price ranges right now for the houses available for sale in Green Lake start at $247,950 and go all the way to $1,199,995 with the median price of the houses available at $499,000.  There are currently 47 properties in Green Lake available for under $500,000! 

Cooper Jacobs Real Estate Services..Seattle real estate - serving Seattle and Seattle suburbs real estate Including Green Lake (Greenlake real estate)

Green Lake real estate (Greenlake real estate) - For residential only listings in Green Lake Seattle, here are some of the numbers:

There are currently 137 active listings in the Seattle neighborhood of Green Lake ranging in price from $280,000 to $1,335,000. Average days on market for the active listings is 65 days, but there are exceptions if you are willing to price your property competitively, negotiate with buyers, and work hard to get your property ready for the market. The median price for a Green Lake home is currently $519,000 according to the active listings. There is one Contingent property in Green Lake and 27 Pending properties. Pending Green Lake houses range from $287,500 to $1,195,000 with a median price of $404,000 and an average days on market of 52 days.

Six Months of Closed Sales in Green Lake

Six months of sales data reveals that 158 Green Lake houses have sold with an average days on market of 52 days. This is not doom and gloom, but rather a more normal market than we have seen for many years. The prices of these Green Lake listings which have sold range from $280,000 to $1,259,000 with a median price of $496,000. The highest amount of sales for the last six months in this market occurred in the price ranges beginning at $300,000 and with good numbers all the way up to around $700,000. In addition, 7 Green Lake houses sold in the last six months for over a million dollars with average days on markets of 44 days and 35 days depending on the price.

My Seattle Realtor opinion?

Seattle real estate in city is great and things are still selling. They are taking longer and there are not as many multiple offers, but houses are selling. Green Lake real estate is still going! If you are interested in buying or selling Seattle real estate, please feel free to get a hold of me - there are still loans out there and now is a great window if you are in a position to do it! If you need to sell now, then please let me help you navigate this market! Things have changed and you really do need someone on your side! realestate@cooperjacobs.com

All data compiled by Cooper Jacobs Real Estate Services from MLS numbers in October 2008