August: The Roosevelt-Ravenna-Maple Leaf’s real estate market remains steady
This week:
The median list price in Seattle’s Roosevelt-Ravenna neighborhood is $550,000 is unchanged from last week’s $550,000. Even though the days-on-market is trending higher, so is the Market Action Index (MAI see below chart) at these inventory levels, providing a neutral outlook for the market.
Supply and Demand
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Prices
In the last few weeks we’ve seen prices in this area bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
| Median List Price: | $608,594 | Average List Price: | $720,078 |
| Total Inventory: | 42 | Price per Square Foot: | $280 |
| Average Home Size: | 2,277 | Median Lot Size: | 5,873 |
| Average # Beds: | 3.44 | Average # Baths: | 2.16 |
| Homes Absorbed: | 16 | Newly Listed: | 16 |
| Days on Market: | 31 | 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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