HMMM..
I figured I would go ahead and share some of the stats I just passed along to a client since they were of interest to me:
Area 700 (Queen Anne and Magnolia) in Seattle info for price range $800,000 to $1,000,000
How many houses sold in December 2008 and January 2009? There were 3 closed sales - all in December in area 700 in that price range. In addition, there is one Pending listing. This is a listing that is waiting to close.
Current inventory of available homes in market area 700 in the same price range? There are currently 35 homes available in that price range and market area that are marked as ACTIVE. In addition, there is one property that is marked "Contingent" - it has an offer from a buyer who needs to sell their house first.
Staggering numbers in this range as far as active inventory, but the days on market average is still only 71 days for the 35 actives. To only have 3 sales is not as surprising based on the holiday season and also the recent winter storms, but by contrast residential sales under $800,000 in area 700 (Queen Anne and Magnolia) were much greater at 35 closed sales since December 1st. The smaller price range is definitely moving faster as many first timers who are qualified come out for ideal market conditions.
Flexibility in price and supreme market presentation is going to be key to standing out in this crowd!
Need more info on Queen Anne real estate?
Need more info on Magnolia real estate?
Courtney Cooper, Cooper Jacobs Real Estate Services, Seattle real estate.
Courtney Cooper
Seattle Realtor, Owner/Designated Broker/EcoBroker
Cooper Jacobs Real Estate
206-850-8841
(Seattle real estate - search all MLS listings from all companies for FREE), SeattleAfloat.com (Seattle Houseboats), GreenLakeLoop.com (Green Lake Blog), QueenAnneBoulevard.com (Queen Anne Blog), MagnoliaView.com (Magnolia Neighborhood Blog)
About Me:
Seattle real estate has been a big part of my life for well over a decade since I began my career in real estate,but also before that time when I was in the process of purchasing my own first home. Buying your first home can be quite overwhelming,but I have managed to help many first time home buyers along the way.
Move up Seattle buyers and other types of specialized purchasing is a great passion of mine! I love Seattle houseboats and you can find me down on the docks of Lake Union and Portage Bay several times a week. Other aspects of Seattle real estate that I adore include Queen Anne Real Estate,Wallingford Real Estate, Ballard Real Estate, Green Lake Real Estate, Laurelhurst Real Estate, Magnolia Real Estate,andSeattle Waterfront Real Estate.
In addition to being a Seattle residential broker and founder of Cooper Jacobs & Seattle Afloat, I am also a member of CBA (Commercial Brokers Association) and head of the Cooper Jacobs Commercial Division in an effort to provide excellent commercial real estate services to the Seattle commercial real estate industry. With a background in accounting and management, it is my great pleasure to coordinate our Seattle commercial brokers.
About Cooper Jacobs Real Estate's Seattle Branch:
My office at Cooper Jacobs Real Estate LLC is located centrally near all my favorite Puget Sound neighborhoods just a few blocks up from Lake Union in Seattle’s Wallingford. Cooper Jacobs Real Estate is a wonderful place filled with talented Seattle real estate brokers and I count myself extremely lucky that I get to spend so much time with these wonderful people. We specialize in different Seattle neighborhoods and suburbs in both residential and commercial real estate and are all very passionate and excited about each of our favorite Seattle neighborhoods and industries!
©Courtney Cooper ©Cooper Jacobs Real Estate LLC
