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Northeast Seattle’s real estate market-times increasing

By
Managing Real Estate Broker with 206 909-7536 AdrianWillanger-broker.com 17900

 

 

 

 

    Northeast Seattle’s real estate market-times increasing 

This Week:

The median list price in Northeast Seattle (zip code 98125) is $634,000 up from  last week’s $565,000.  Inventory is lightening but the Market Action Index (see MAI chart below) falling also.  With days-on-market climbing, these are relatively negative implications for the market.   Check in  next week to see how the  housing market in northeast Seattle  is shaping up.

Average days-on-market (DOM) 38 days up from last week’s 61 days.

Percent of properties with price decreases 31% up from last week’s 35%.  

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 coooling in the past several weeks.  Because we’re still 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 into the Buyer’s zone.

Looking to buy or sell  contact Adrian Willanger for a more detailed market analysis.

 

90-day stats for Single Family properties in
SEATTLE, WA 98125 as of October 3, 2014
Median List Price: $489,827 Average List Price: $573,630
Total Inventory: 52 Price per Square Foot: $246
Average Home Size: 2,146 Median Lot Size: 11,404
Average # Beds: 3.49 Average # Baths: 2.23
Homes Absorbed: 10 Newly Listed: 12
Days on Market: 45 Average Age: 53

 

How does this influence prices? 

Price trends in  the Victory Heights area continue their recent uptrend this week.  While still below the market’s high point, we’ve seen a nice run recently. 

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Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.

Comments (1)

Katricia Navarrete
HomeSmart TRG - Renton, WA

Good Information!  Market Reports are so helpful!  I see your zip code covers the Northgate Mall :)  Great area/neighborhoods!!

Jan 05, 2016 06:44 AM