Columbia City’s real estate market isn't giving up or down signals

                           Columbia City’s real estate market isn't giving up or down signals  

This Week:

 

The median list price this week in the Columbia City neighborhood  is $442,475 down from last week’s $450,000. Inventory is tightening and days-on-market is falling.  The  Market Action Index (see MAI chart below) is also trending down.  The markeet is not giving strong up or down signals from these data. 

 

 

Percent of properties with price decreases: 29%  up  from last week’s 28%.

 

Average days-on-market: 62 days up from last week’s 55 days. 

 

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.  

 

Supply and Demand

Market conditions have been consistently cooling in the past several weeks.  Because we're stil in the Seller's zone, prices have not yet begun to drop.  It may take a few more weeks of slack demand for prices to reflect and begin to fall.  Expect prices to fall if the index persistently falls to the Buyer's zone.  

 

  What’s  currently for sale in the Columbia City  neighborhood.

 

   

 

 

While this week the median price in the Prices Columbia City area 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 into the Buyer's zone as a leading indicator of the price strength subsiding. 

 

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.

 

 

 

 

 

 

Columbia City is a very eclectic neighborhood that is embraced by its residences and the businesses that have located there. The business area is filled with galleries, boutiques and a host of dining and entertaining options that fill the neighborhood with color and local flair. 

  

Columbia City has its own unique flavor which can be seen in such events like the Dead Celebrity Custom Party or a special Valentine Day event “Dancing off the Ceiling: The music of Chet Baker” are common place in Columbia City.

 

A large number of residences in Columbia City are not dependent on large corporations for employment but rather choose careers in the “hidden tech” fields.  Home based businesses, entrepreneurs that are well connected to the information economy as investors, graphic artists, freelance writers, architects, telecommuters, software consultants, and other higher paying professions.