Roosevelt-Ravenna-Maple Leaf’s real estate showing mixed signals
This week:
The median list price in Seattle’s Roosevelt-Ravenna neighborhood is $590,000 is down from last week’s $695,000. Inventory has been tightening but days-on-market and the Market Action Index (MAI see below chart) have been basically unchanged, not providing strong indications for market conditions.
Supply and Demand
The Roosevelt-Ravenna-Maple Leaf real estate market has not shown strong directional trends in terms of supply and demand . However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Prices
While this week the median list price didn’t fluctuate much, we are relatively close to the market’s high water mark. Watch for persistent downward shift in the Market Action Index in the Buyer’s zone as a leading indicator of the price strength subsiding.
| Median List Price: | $605,977 | Average List Price: | $693,210 |
| Total Inventory: | 39 | Price per Square Foot: | $281 |
| Average Home Size: | 2,270 | Median Lot Size: | 5,763 |
| Average # Beds: | 3.34 | Average # Baths: | 2.11 |
| Homes Absorbed: | 14 | Newly Listed: | 14 |
| Days on Market: | 35 | Average Age: | 61 |
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)
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