Townhouses for sale in Green Lake in Seattle, WA are extremely popular. The inventory has continued to remain relatively low for the amount of buyers wishing to relocate to the area, creating a positive environment for sellers and a competitive, valuable investment for buyers. If you are in fact looking to buy, you will find that quality townhouses for sale in Green Lake usually sell quickly and with multiple offers pending a lot of the time, driving prices upward. So even though median prices may have lowered over the last year, the market is, overall, very competitive.
I composed a search for townhouses for sale in Green Lake, $250k and above, and 39 properties came up, only FIVE of which are currently in foreclosure or short sale status! Obviously this market an exceptional investment as this low of a rate of distressed properties is uncommon in most areas this soon after the recession. Townhouses for sale in Green Lake are a great option for the area as there is surplus of dining, shopping, and recreational options all within walking distance.
Located in north-central Seattle, Green Lake is a very popular neighborhood, surrounding the lake and park it is named after. Along with almost 3 miles of pedestrian paths surrounding the lake, it was also home to a fun piece of history: the Green Lake Aqua Theater. It was built in 1950 for the first Seafair in order to house an attraction called the Aqua Follies and their "swimusicals," a combination of aqua ballet, stage dancing, and comedy. The stage was also host to a jazz festival, popular performers such as Bob Hope, two plays, and a special presentation of the Aqua Follies with 100 performers. A 1969 concert by the Grateful Dead revealed that the grandstand was crumbling and dangerous however, and in 1970 the theater was dismantled.
Real estate has remained popular in Green Lake because of the local attractions surrounding the lake, ease of access to parks, and quality and local infrastructure there. In the summer, Green Lake itself is very popular and attracts people from all over for swimming and boating. Today many forms of motor-less boats, including sailboarding, pedal boats, rowboats, skiffs, and canoes, are commonly seen on the lake. Because of all these solicitous options for activities, beautiful surroundings and even through minor ups and downs in real estate, there will always remain consistency and popularity in the market of townhouses for sale in Green Lake.