Demand starting to heat up for Roosevelt-Maple Leaf real estate

 Demand starting to heat up forRoosevelt-Ravenna-Maple Leaf real estate 

This week:

The median list price in Seattle’s Roosevelt-Ravenna neighborhood is  $492,500 is down from last week’s $499,450.  Demeand measured by the Market Action Index (see below chart) is increasing and days-on-market is holding steady.  With more properties coming available, conditions are mildly positive. 

Supply and Demand

Home sales in the  Roosevelt-Ravenna-Maple Leaf have been exceeding new inventory for several weeks.  However, prices have not yet stopped falling.  Since the market is already in the Seller’s zone, expect prices to level off very soon.  Should the sales trend continue expect that prices could climb from there.                                                            

                                                            Price

This week prices  in the  Roosevelt-Ravenna-Maple Leaf area continued to pull back from their recent highs.   Keep an eye on the Market Action Index to look for signs of an extended down trend. 

90-day stats for Single Family properties in
SEATTLE, WA 98115 as of March 21, 2014

Roosevelt is a neighborhood in north Seattle, Washington. Its main thoroughfare, originally 10th Avenue, was renamed Roosevelt Way upon Theodore Roosevelt’s death in 1919. The neighborhood received his name as the result of a Community Club contest held eight years later, in 1927.   Living in the Roosevelt-Ravenna neighborhood

What’s my home in Roosevelt-Ravenna worth?

Localized real estate market reports are great for getting a “feel” of what that specific market is doing.  For a more accurate pricing on residential property a Competitive Market Analysis (CMA) needs to be done comparing your home with current properties that have sold recently in your neighborhood for a detailed report contact Adrian Willanger @ 206 909-7536. Or fill out our online form below and have a market report emailed to you.

Comparing listing prices in the Ravenna/Roosevelt (zip code 98115) to Northeast Seattle (zip code 98125)