Seattle Residential: I Do That: Washington: Seattle

Ravenna Roosevelt March 2011 Market Report

Ravenna-Roosevelt March 2011 Market Report

There were 8 closings of residential property in the Ravenna and Roosevelt neighborhoods of Seattle during March. That is up from 5 last month and reflects that more of the 19 pendings from last month have made into the closed category. Active listings went from 36 to 31. Where are the sellers? I wish I knew. There are buyers out there looking for homes.

Status

#

Low $

High $

Average

Median

Days on Market

Active

31

144,500

748,000

408,986

399,500

61

Pending Inspection

11

129,950

629,500

424,479

408,000

60

Under Contract

17

133,500

839,500

475,000

473,000

43

Sold

8

350,000

630,000

416,875

384,000

37

 

This month we have 17 pending sales and 8 more awaiting resolution of the inspections. Market time for the Actives is down but for the solds, it’s up. Buyers must have taken advantage of some over-priced listings and negotiated a good deal.

For in-city Seattle north of the ship canal the statics include 235 closed sales in March, 336 pending sales and 783 active listings, for an astounding absorption rate of 3.0. Houses are flying off the shelf again.

Sold in March for $630,000

This report includes single family homes, townhomes and condominiums.

You can see the active Roosevelt and Ravenna listings included: Ravenna Roosevelt March 2011 Market Report.

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 4 commentsGlenn Roberts • April 03 2011 12:16AM
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