Ravenna-Roosevelt May 2011 Market Report

Home Builder with Retired

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.



Low $

High $



Days on Market








Pending Inspection







Under Contract















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.

Sold in April for $629,950

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.

Posted by





Glenn Roberts



Comments (12)

Andrew Mooers | 207.532.6573
Northern Maine Real Estate-Aroostook County Broker

Gorgeous image and nice, big. Super run down of the local real estate market pulse too!

Jun 01, 2011 10:38 AM
Glenn Roberts
Retired - Seattle, WA

Andy, I'm happy we still have a pulse after todays Case-Shiller report.

Jun 01, 2011 10:53 AM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Glenn, Nice clear summary of the local neighborhoods!  Keep up the great work!

Jun 01, 2011 11:22 PM
Glenn Roberts
Retired - Seattle, WA

Bilz - I'd like to see a few more sales but we'd need more inventory for that. No on seems to want to leave these two neighborhoods.

Jun 02, 2011 03:10 AM
Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Glenn, really informative report of your area...things seem to be moving along in your market...the DOM seem very reasonable.

Jun 02, 2011 12:20 PM
Glenn Roberts
Retired - Seattle, WA

Nick - Those that have sold quickly were almost always priced right. The others are living with false hopes.

Jun 02, 2011 12:23 PM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Glenn, That no one leaving can make it a challenge for comps!  You know what it SHOULD be worth, but the buyers agents go low because they can't "prove" it! :)

Jun 02, 2011 01:24 PM
Glenn Roberts
Retired - Seattle, WA

Bliz - Marjie and are working on a CMA for another area near here and the home is $700K-750K but there are no sold comps. Some things not as nice that aren't/didn't sell, some better homes over $800K, and some smaller homes under $600K. I'd pull my hair out (if I had any) for some valid comps. Who knows what an appraiser will use?

We just need more people who want to move. Then we'll have some comps.

Jun 02, 2011 01:32 PM
Sondra Meyer:
EXP Realty, LLC - Corpus Christi, TX
See It. Experience It. Live It.

Glen, just another example that buyers and sellers shouldn't be believing everything they here in the news.  It sounds like your market is picking up. 

I like the picture of the trees in bloom. 

Jun 03, 2011 04:49 PM
Cara Marcelle Mancuso
Golden Girls with SW Desert Homes - Tucson, AZ
Call a Marana neighbor, I'm THERE!

Seems like things are moving!  Love the Cherry trees!!!  My daughter just enjoyed a week up in your area - went to a folk festival, the wharf and market, the University district, countless restaurants.  She's all ready to move...except she's not old enough.  Ha!

Jun 03, 2011 06:14 PM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Glen very informative market report for Ravena-Roosevelt.  Homes seem to be selling fast can't remember when last the DOM was 30 days for sold properties.

Jun 04, 2011 04:56 PM
Glenn Roberts
Retired - Seattle, WA

Sondra - People should operate in terms of what timing is good for them and stop playing market games.

Cara - Hope you daughter had a good time., Sounds like it.

Jennifer - 30 DOM is a darn good average.

Jun 04, 2011 05:00 PM