Ballard Home Sales Statistics
The Ballard market didn't slow down on account of Octoberfest celebrations. There are currently 110 active single family homes listed in Ballard, a waterside neighborhood of North Seattle. And there are another 53 under contract. Over the past 30 days 26 sales have closed. That's slightly above a 4 for an absorption rate which means it's a healthy sellers' market.
One reason it is a healthy seller's market is because sellers here have come to terms with the current reality of what their homes are worth. The sooner sellers everywhere face the facts of today's home values, the better it will be for the economy in general.
This fine house on a quiet street in Ballard with a great walk score (86) and easy access to biking routes and bus routes sold quickly. In only 16 days the negotiations and inspections were completed and it is now on the way to closing. The average market time for the 110 currently active single family homes is 67 days. Some are still priced too high and some have not been properly prepared. But there are buyers for your Ballard home.
I'd be happy to speak with you if you are thinking of selling in the near future. There is talk of a shadow inventory of bank held properties and there is also talk of better times to come. If you're not one to wait, but want to meet the market head on, let's get together and size up your Ballard home.