So let's look at Seattle residential sales excluding townhomes for now. How about good old area 705 (technically called Ballard-Green Lake but also includes nearby neighborhoods like Phinney Ridge, Wallingford, and Fremont)
Seattle real estate: Area 705: 94 homes have closed in the MLS since the beginning of the year. That is 94 officially SOLD houses in Area 705 since January 1st. These ranged in list price from $175,000 to $1,895,000 with an average of $532,985 and a median of $464,750. The final sales prices on these ranged from $140,000 to $1,700,000 with an average of $511,494 and a median of $440,000. You can really see the discount on the upper and lower end there, but they were obviously special properties. Average market time for these? 61 day with a median of 42 days and a high and low of 287 days and zero days. There are currently 348 Active listings in Area 705 and 91 houses marked as Pending because they have offers on them but have not closed yet. Two houses are marked Contingent because the purchasers need to sell their own home before they can close (usually).
When I looked specifically at Area 705 Townhomes 33 have closed and are officially sold since the new year began. They ranged in selling price from $232,000 to $465,000 with an average of $358,215 and a median of $364,000. Average days on market for the townhomes in area 705 of Seattle was 61 days with a median of 38 days. There are currently 116 Active townhomes on the market in this area. In addition to those there are 41 townhomes with offers for purchase - aka Pending and no Contingent town houses.
Conclusion? Area 705 is moving! Especially in the under $500,000 market. This is a first time home buyer price range for Seattle and Area 705 is a great place to live!
If you are interested in Green Lake real estate, Ballard Real Estate, Wallingford Real Estate, Phinney Ridge real estate, or other Seattle housing info, please feel free to get a hold of me - I would also love to tell you more about the $8000 tax credit for 2009 to see if you qualify. courtney@cooperjacobs.com
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
