So let's look at Seattle residential sales excluding townhomes for now. How about good old area 705 (technically called Ballard-Green Lake but also includes nearby neighborhoods like Phinney Ridge, Wallingford, and Fremont)
Seattle real estate: Area 705: 94 homes have closed in the MLS since the beginning of the year. That is 94 officially SOLD houses in Area 705 since January 1st. These ranged in list price from $175,000 to $1,895,000 with an average of $532,985 and a median of $464,750. The final sales prices on these ranged from $140,000 to $1,700,000 with an average of $511,494 and a median of $440,000. You can really see the discount on the upper and lower end there, but they were obviously special properties. Average market time for these? 61 day with a median of 42 days and a high and low of 287 days and zero days. There are currently 348 Active listings in Area 705 and 91 houses marked as Pending because they have offers on them but have not closed yet. Two houses are marked Contingent because the purchasers need to sell their own home before they can close (usually).
When I looked specifically at Area 705 Townhomes 33 have closed and are officially sold since the new year began. They ranged in selling price from $232,000 to $465,000 with an average of $358,215 and a median of $364,000. Average days on market for the townhomes in area 705 of Seattle was 61 days with a median of 38 days. There are currently 116 Active townhomes on the market in this area. In addition to those there are 41 townhomes with offers for purchase - aka Pending and no Contingent town houses.
Conclusion? Area 705 is moving! Especially in the under $500,000 market. This is a first time home buyer price range for Seattle and Area 705 is a great place to live!
If you are interested in Green Lake real estate, Ballard Real Estate, Wallingford Real Estate, Phinney Ridge real estate, or other Seattle housing info, please feel free to get a hold of me - I would also love to tell you more about the $8000 tax credit for 2009 to see if you qualify. courtney@cooperjacobs.com
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