Foreclosures and short sales in Green Lake certainly won’t be around forever, even with the little inventory there is compared to other nearby markets. In fact, most of us will not see a real estate market like this ever again. During the housing boom of the early 2000’s, home and property values became so inflated with the extreme availability of personal home financing; then the biggest housing bust and economic recession this country has seen in decades hit in 2008, and now, finally, the real estate market is on the rebound. The residual effect is an optimistic opportunity for potential buyers, and with first time home buyer tax credits available as well as rock bottom interest rates, now is definitely an advantageous time to buy.
In my search for foreclosures and short sales in Green Lake, thirty-three single family properties came up within this area in Seattle, including single family homes, townhouses and condos. The highest asking price for a home was nearly $600K while the lowest price was $89,000. These figures show without a shadow of a doubt just how far-reaching the economic recession ran: higher and lower housing markets alike are still feeling the ripple effects of a housing bust. Green Lake is a highly sought-after area to reside in and real estate has always turned over quickly and efficiently – which is why, with the kind of value that is available through foreclosures and short sales in Green Lake; it is a GREAT time to be a buyer!
I will reiterate again what I have mentioned recently in this blog; Green Lake homes may not have the panoramic views of Puget Sound and the Olympic Mountains that other areas in Seattle have, but as the name suggests, it does have something that creates lake-envy in other neighborhoods. 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.
I cannot speak highly enough about the Green Lake area, its unrelenting steadfastness in market value, and even foreclosures and short sales in Green Lake. I am always available to answer any questions, address any concerns you may have, or show you possible residences including the great value in foreclosures and short sales in Green Lake.
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