Ravenna-Roosevelt May 2011 Market Report
The 16 closings in May was double that of the 8 closings of residential property in the Ravenna and Roosevelt neighborhoods of Seattle during April. Surely a good sign that the people who took the plunge actually made it to the closing table. Active listings have been pretty steady for the past three months coming in currently at 33 . We still could use more inventory in these neighborhoods. There are buyers out there looking for homes.
|
Status |
# |
Low $ |
High $ |
Average |
Median |
Days on Market |
|
Active |
33 |
170,000 |
775,000 |
493,004 |
459,000 |
59 |
|
Pending Inspection |
10 |
159,950 |
528,000 |
335,070 |
355,00 |
36 |
|
Under Contract |
19 |
144,500 |
839,500 |
471,579 |
425,000 |
39 |
|
Sold |
16 |
300,000 |
640,000 |
442,538 |
415,000, |
30 |
Last month there were 25 listings pending inspection or otherwise resolved and just waiting to close. Now there are 29 such properties, so expect June totals to be up slightly.
For in-city Seattle north of the ship canal the statics include 219 closed sales in April, 469 pending sales (up 130) and 912 active listings up 121 since last month. Absorption rate is now 4.2.Still a sellers market.
This report includes single family homes, townhomes and condominiums.
If you live in the Seattle area, and in particular the North Seattle and the Ravenna or Roosevelt areas, give me a call and let’s discuss how to resolve your real estate issues.
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