April 2011 Ravenna Roosevelt Market Report
The data is in for April is in and the results are pretty much as predicted. Closed sales are up 100%! There were only 8 closed sales in March, but there were 17 in April. Inventory has remained at 31 active single-family units including condos for the Roosevelt Ravenna neighborhoods.
The map below shows the sales in red, the pendings in yellow and the active listings in green.
What does the data have to say about the month of April? Let's take a look.
|
Status |
# |
Low $ |
High $ |
Average |
Median |
Days on Market |
|
Active |
31 |
159,950 |
775,000 |
411,838 |
400,000 |
60 |
|
Pending Inspection |
7 |
144,500 |
499,000 |
320,833 |
319,000 |
123 |
|
Under Contract |
24 |
199,950 |
839,500 |
492,464 |
457,450 |
43 |
|
Sold |
17 |
125,500 |
596,500 |
380,441 |
420,000 |
62 |
We see that the average days on market for the pending and sold properties went way up. This indicates that those sellers who were too high have lowered their prices to meet the market, or that the market has improved and in spite of what Case-Shiller says and what you read in the paper, the housing market in the Seattle neighborhoods of Roosevelt and Ravenna is alive and well.
If you would like to be a part of this activity, give me a call. Let's take a close look at how the light rail station in Roosevelt will affect the growth in this neighborhood.
Glenn Roberts, SRES*
Lake and Company Real Estate
206-524-3665
Seattle Residential ~ I Do That
Licensed broker since 1985 offering spectacular service to buyers and sellers in greater Seattle, with particular interest in Green Lake, Ballard, Phinney Ridge, Wallingford, Ravenna, Bryant, View Ridge, Roosevelt and the University District.
*Senior Real Estate Specialist
Referrals from past clients and other agents always make me smile.
