Northeast Seattle's housing inventory creeping (upward)
Price and inventory levels for upper-tier homes in Northeast Seattle
Price and inventory levels for lower-tier homes in Northeast Seattle
The number of homes available for sale in both the upper and lower price ranges in Northeast Seattle is starting to grow. Available homes for sale in Northeast Seattle reached a 3 year low in late February and into March of 2012. A lingering Seattle winter and weak selling prices have kept many home sellers from listing.
Selling prices in Northeast Seattle in both upper and lower tier home sales continue to trend downward, lower tier home prices appears to be leveling off.
Upper tier home sales, homes over $530k, in Northeast Seattle saw a steady increase in pricing from September 2011 to its peak in February 2012 where the median price leveled off at $650K before prices started trending downward reaching a median price of $637k in March 2012.
Certain neighborhoods in Northeast Seattle have seen multiple offers on some homes, milder weather conditions will allow more sellers to get outside and do landscaping and maintenance on their homes prior to putting them on the market.
Northeast Seattle’s neighborhoods experienced much of its growth in the 1940-1960s as the city limits started to push both the south and north boundaries further from the city’s core. Much of northeast Seattle is very walkable and very well designed leaving many wooded areas while the areas around them were being developed. The neighborhoods, almost always, were developed around a “ play-field” or a family gathering place. Northeast Seattle’s neighborhoods; Maple Leaf, Pinehurst, Jackson Park, Lake City,Victory Heights, Cedar Park, and Meadowbrook all have residents with strong social and community ties.
This Seattle real estate market update is courtesy of Adrian Willanger at Coldwell Banker Danforth & Associates 206 909-7536 helping people buy and sale homes in the Greater Seattle area.
Homes for sale in Northeast Seattle
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- Northeast Seattle home market a tale of two different markets (30.2)
- Northeast Seattle sees upper tier home prices on the rise (29.7)
- Northeast Seattle Real Estate-Tale of two different markets (20.2)
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