April 2010 Market Data Report for Seattle's North End
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Seattle's north end. A great place to live.
The North End of in-City Seattle is located between Puget Sound on the west and Lake Washington on the east, between the ship canal on the south and 145th Street on the north. The ridges running north and south provide many homes with views of the Olympics or the Cascade Mountains. Central to the area is Green Lake, a gem of a park.
Because it is easy to commute to downtown Seattle from this area and just as easy to get out of the city and off to unlimited entertainment, it is a very popular area. Currently there are 805 listings in the area and 221 closed during the month of April. That’s an absorption rate of 3.64 in the single family homes category. Most bloggers consider an absorption rate of 4-6 as a normal market. So while most of the area is still in a normal or buyer’s market, this area is trending toward a seller’s market.
The properties for sale range from a low of $145,000 to a high of $6,800,000. The highest closed sale in April went for $2,483,000. Here’s a picture of that Windermere property.
I’ve been working in this north-end area since 1987 and would like to help you sell your home here, or find the perfect spot to live. All you have to do is contact me.