Neighborhood Activity

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January and February listings and solds for 2010

Inventory is building this Spring in Ravenna Park. A well known builder has decided to put 3 lots on the market instead of building spec homes. A few other homes have been on the market for a long time.

On 21st Ave NE two homes came on recently priced in the $600,000s. One sold quickly and the other was reduced to $599,950.  The home at 6330 17th Ave NE, originally priced at $725,000 finally sold after 186 days on the market for $576,000. But the home on Naomi sold with only 23 days market time for $700,000.

The issue here is pricing. Many people like to test the market and be just a little high, saying, "We can always come down." But if the market is trending down, you may never catch the right figure without drastic price cutting.

So as of March 1, 2010 we have, in our neighborhood, twelve properties on the market, but only one pending and two that have closed in the last 60 days.

If you are on a busy street or have some other compromising factor, you must price agressively in this market, or you will be ignored.

activity table

 

 

 

 

Glenn Roberts
Retired

 

 
This post has been included in Washington Real Estate News King County, WA Real Estate News Seattle, WA Real Estate News
Post is included in group: Local Expert
Post is included in group: Posts to Localism
Post is included in group: Seattle Real Estate

2 Comments on Ravenna Park - A Seattle Neighborhood

MAR
01
2010
576,062 Points 15 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Hi Glenn - how are you?  Glad to see you on AR:)
10:48am • #1
311,248 Points 33 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Courtney,

Doing pretty well, thanks. I've had some idle time in Jan and Feb and looked closer at AR. Decided to get involved.
3:27pm • #2


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Glenn Roberts

Seattle, WA

More about me…

Retired

Address: Seattle, WA, 98103

Cell Phone: (206) 478-3665

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