Seattle Real Estate: Seattle Townhome Market Update 2008

Seattle new construction townhomes are a great way for a first time home buyer to get into the market with lower upkeep costs and usually no homeowner dues.  These townhomes usually have a cute little yard and lots of decks for increased living spaces and wonderful views of our gorgeous city! 

Here are the Seattle townhome market update figures for real estate in 2008 for the Ballard, Greenlake, Fremont, Crown Hill, Sunset Hill, and Wallingford neighborhoods in Seattle.  This is on townhomes priced $500,000 and less.

There are 64 Seattle townhome listings on the NWMLS right now with a status of ACTIVE.  These range from a 2 bedroom/1 bath to a 3 bedroom/3.5 bath with an average of a 3 bedroom/2.25 bath layout.  Square footage ranges from 818 square feet to a spacious 2219 square feet with an average of 1531 square feet.  They range in price from $309,950 to $499,999 with an average of $427,678.  The average days on market for these townhomes is 73 days. 

So what is happening in this Seattle townhome market?  Well, while there are 64 listings to choose from, there are not a lot of new townhome listings coming on to the market.  This is probably due to the recent media scare tactics which may make some sellers or builder hesitant to put their properties on the market right now.  I have buyers who are very well qualified in this market, but the current inventory does not suit their needs for one reason or another, so we are actively looking for new townhome listings in this particular area of Seattle! 

Courtney Cooper ....For all your Seattle Washington Real Estate Needs! Seattle Area Real Estate Agent: Broker and Realtor serving North King & South Snohomish County.  Seattle Real Estate and Seattle Suburbs!  Cooper Jacobs Real Estate Services:   Experienced and with a background in accounting - I love my clients and work hard for them! Please call me if you are looking for a home or investment property (including short sales, preforeclosures, foreclosures, and REO properties) in Seattle, Shoreline, Edmonds, Brier, Lynnwood, Mountlake Terrace, Lake Forest Park, Bothell, Mill Creek, Everett, or other Seattle Suburbs! If you are thinking of relocating to Seattle, I am an expert at Seattle Relocation services and can help you find the perfect home while making sure it is a solid financial investment!