Seattle Residential: I Do That: October 2010

Ballard home Sales Stastics

Ballard Home  Sales Statistics

In This Post

A new look at the Ballard Real Estate Market

 

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.

Ballard Home Sold

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.

 

 

 

 

Glenn Roberts
Retired

 

//

Comment balloon 8 commentsGlenn Roberts • October 08 2010 09:13PM
Ballard home Sales Stastics
share
Glenn Roberts | Ravenna Park | My Seattle | Lake & Co Real Estate Ballard Home Sales Statistics In This Post A new look at the Ballard Real Estate Market The Ballard market… more
Cedar Park Home for Sale
share
Glenn Roberts | Ravenna Park | My Seattle | Lake & Co Real Estate Cedar Park Home for Sale In This Post The analysis of an overlooked property Cedar Park… more