NE Seattle’s real estate market is allot like kissing your sister
The median list price in northeast Seattle (zip code 98125) is $354,750 is unchanged from the previous week’s $354,750. With inventory trending up but the days-on-market and The Market Action Index (MAI see chart below) essentially flat recently, conditions do not seem to have strong up or down pull. Check in next week to see how the housing market in northeast Seattle is shaping up.
Northeast Seattle closed out 2012 with an 18% increase in the number of home sales from 2011. The average selling price increased from $350,894 in 2011 to $367,640 in 2012. Sellers also received more of their list price in 2012 (99.07% average compared to 2011′s 97.5% average of their list-to-sale price).
Supply and demand
Inventory levels in Northeast Seattle have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available homes on the market, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off future, the price trend is likely to reverse.
Looking to buy or sell contact Adrian Willanger for a more detailed market analysis.
How does this affect prices?
We continue to see relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
Broker’s note; “over the last several weeks we’ve seen homes come on the market in northeast Seattle and within a very short period of time receive multiple offers.” To stay updated sign up to have FREE WEEKLY UPDATES on the latest northeast Seattle real estate market activity e-mailed to you weekly. Is it the right time to sell your northeast Seattle home? Many homeowners are asking the same question, “has the value of our home increased to the point we can sell it?” Fill out our form and find out for FREE.
Living in Northeast Seattle’s Victory Heights neighborhood
Living in Victory Heights
Located in Seattle ½ mile east of the Northgate Mall sits a small wooded community named Victory Heights. A nice combination of bungalows and wood tudors built between 1920 & 1940s . Residents of Victory Heights have a multitude of place to shop, from 100+ stores at Northgate Mall to big box discount stores and specialty stores just a short drive to University Village.
Victory Heights is very well connected with four arterial to choose form as well as being well service with public transportation. close to shopping, I-5, University of Washington and 10 minutes to downtown Seattle.
Residents of Victory Heights love living in an area that is filled with walkers of all ages and surrounded by evergreen trees and just minutes to job and business centers close to parks, schools, hospitals,restaurants , and a wide range of banks and credit unions to choose from with an overall walking score of 72.
Home prices in Victory Heights are coming off a 12 month low and have started a steady upward price tend since mid-May 2012. Current inventory of homes for sale in Victory Heights.
Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.