Blue sky for the Roosevelt-Ravenna-Maple Leaf real estate market
This week:
The median list price in Seattle’s Roosevelt-Ravenna Maple Leaf neighborhoods is $675,000 is up from last week’s $599,500. Demand measured by the Market Action Index (see MAI chart below) is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.
Supply and Demand
The market remains in a relative stasis tin terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone sow watch changes in the MAI. If the market heats up persistently. prices are likely to resume an upward climb.
Prices
We continue to see prices in the Roosevelt-Ravenna-Maple Leaf bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
| 90-day stats for Single Family properties in SEATTLE, WA 98115 as of September 19, 2014 | |||
|---|---|---|---|
| Median List Price: | $584,937 | Average List Price: | $712,998 |
| Total Inventory: | 51 | Price per Square Foot: | $277 |
| Average Home Size: | 2,225 | Median Lot Size: | 9,673 |
| Average # Beds: | 3.51 | Average # Baths: | 2.15 |
| Homes Absorbed: | 14 | Newly Listed: | 16 |
| Days on Market: | 34 | Average Age: | 64 |
Living in the Roosevelt-Ravenna Maple Leaf neighborhood
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 Maple Leaf neighborhood
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)
Related posts:
- The Roosevelt-Ravenna-Maple Leaf real estate market times up slightly
- Real estate prices appear to have plateaued in the Roosevelt-Ravenna-Maple Leaf neighborhoods
- Demand for Roosevelt-Ravenna-Maple Leaf real estate falling
- The Roosevelt-Ravenna-Maple Leaf real estate prices up inventory down
- Real estate inventory is up in the Roosevelt-Ravenna-Maple Leaf neighborhoods
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