Real estate prices dip slightly in the Roosevelt-Ravenna-Maple Leaf real area
This week:
The median list price in Seattle’s Roosevelt-Ravenna Maple Leaf neighborhoods is $579,000 is down from last week’s $629,000. Demand measured by the Market Action Index (see MAI chart below) is increasing and days-on-market is holding steady. With more properties coming available, conditions are mildly positive.
Supply and Demand
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Is it a good time to sell my home?
Inventory levels in northeast Seattle at or near all time lows. The key to maximizing your listing price is in the preparation and pricing. For listing tips click here.
Prices
We continue to see prices in the Maple Leaf-Roosevelt area plateau even though prices dripped this week. Look for a persistent change in the Market Action Index before we see prices significantly deviate from these levels.
| 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)
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