Condos for sale in Green Lake in Seattle, WA have always been a consistently popular market. From early 2011 to early 2012 the number of sales was up about 5% while the inventory has continued to remain relatively low for the amount of buyers wishing to relocate to the area, creating a positive environment for sellers. However, if you are looking to buy, you will find that quality condos for sale in Green Lake can sell quickly and often with multiple offers pending, driving prices upward. So even with median prices dropping over the last year, the market is still competitive for buyers and sellers.
When I did a search for condos for sale in Green Lake below $250K forty-six properties came up, 21 of which are currently in foreclosure or short sale status. Obviously this market holds a lot of opportunity for prospective buyers; it’s actually possible to procure a condo for sale in Green Lake right now for under $140/square foot!
Green Lake is a very popular neighborhood in north-central Seattle, surrounding the lake and park it is named after. Along with 2.8 miles of pedestrian paths surrounding the lake, it was also home to a fun piece of history: the Green Lake Aqua Theater. It was built in 1950 for the first Seafair in order to house an attraction called the Aqua Follies and their "swimusicals," a combination of aqua ballet, stage dancing, and comedy. The stage was also host to a jazz festival, popular performers such as Bob Hope, two plays, and a special presentation of the Aqua Follies with 100 performers. A 1969 concert by the Grateful Dead revealed that the grandstand was crumbling and dangerous however, and in 1970 the theater was dismantled.
Real estate in Green Lake has remained popular because of the local attractions surrounding the lake, ease of access to parks, and quality and local infrastructure there. In the summer, Green Lake itself is very popular and attracts people from all over for swimming and boating. Today many forms of motor-less boats, including sailboarding, pedal boats, rowboats, skiffs, and canoes, are commonly seen on the lake. Because of all these solicitous options for activities, beautiful surroundings and even through minor ups and downs in real estate, there will always remain consistency and popularity in the market of condos for sale in Green Lake.
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