Seattle Residential: I Do That: Washington: Seattle: Ravenna

Ravenna-Roosevelt May 2011 Market Report

Ravenna-Roosevelt May 2011 Market Report

The 16 closings in May was double that of the 8 closings of residential property in the Ravenna and Roosevelt neighborhoods of Seattle during April. Surely a good sign that the people who took the plunge actually made it to the closing table.  Active listings have been pretty steady for the past three months coming in currently at 33 . We still could use more inventory in these neighborhoods. There are buyers out there looking for homes.

Status

#

Low $

High $

Average

Median

Days on Market

Active

33

170,000

775,000

493,004

459,000

59

Pending Inspection

10

159,950

528,000

335,070

355,00

36

Under Contract

19

144,500

839,500

471,579

425,000

39

Sold

16

300,000

640,000

442,538

415,000,

30

 

Last month there were 25 listings pending inspection or otherwise resolved and just waiting to close. Now there are 29 such properties, so expect June totals to be up slightly.

For in-city Seattle north of the ship canal the statics include 219 closed sales in April, 469 pending sales (up 130) and 912 active listings up 121 since last month. Absorption rate is now 4.2.Still a sellers market.

Sold in April for $629,950

This report includes single family homes, townhomes and condominiums.



If you live in the Seattle area, and in particular the North Seattle and the Ravenna or Roosevelt areas, give me a call and let’s discuss how to resolve your real estate issues.

 

 

 

 

Glenn Roberts
Retired

 

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Comment balloon 12 commentsGlenn Roberts • June 01 2011 05:37PM
Ravenna-Roosevelt May 2011 Market Report
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