Seattle Residential: I Do That: The Green Lake Neighborhood, One of Seattle's Finest

The Green Lake Neighborhood, One of Seattle's Finest

The Green Lake Neighborhood

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A description of the Green Lake neighborhood and a study of current market conditions.

 

The Green Lake Neighborhood is a diverse area that surrounds Green Lake and Green Lake Park. I consider there to be four distinct areas in the neighborhood.

 

Green Lake Neighborhood

To the southeast of the lake we find a mostly residential area with a small commercial area known as Tangletown. Wikipedia claims it is part of the Wallingford neighborhood, but the residents there cling to Green Lake.  The area has a few condominium and apartment buildings as well as a brewery and many fine restaurants. But mainly, this area is single family residences and some of them are pretty grand.    

The northeast area of Green Lake is the commercial district. Most of the condos, townhouses, and apartments are located in this area in an urban mix with the restaurants, stores, clubs, boutique schools and retail stores. On the fringes one will find many single family homes, but for the most part they do not have the cachet of the southeast quarter.

At the north end of the lake there is a small commercial area which includes a chocolate store, a bakery, a professional building with some fast food and other dining facilities and Lake and Company Real Estate.  Beyond these near the lake establishments is an area that is for the most past zoned for multifamily use and hundreds of zero lot line town homes have sprung up over the past ten years.

West of the lake is a narrow strip of single family housing. In the past it was shunned because one had to cross State Highway 99 to get to the lake, but for the past 15 years affordability has made it popular and residents for the most part are pleased to call this area home.  As one proceeds west and up hill the neighborhood becomes Phinney Ridge and the views both east and west become quite spectacular.

Current Market Report on Green Lake

There are 48 active listings, both single family and condominium, in Green Lake at the present time. They range in price from $182,500-$899,000. Currently there are 37 listings under contract with a value range of $245,000-$1,300,000. The year to date solds number 34, with a low of $278,500 and a high of $1,232,500.

 Green Lake Days on Market graph

Most listing sell here in the first 30 days on market.

Green Lake list $ to sell $ comparison

On average, homes tht sell in the first 30 days on market get 98.2% of the asking price. Homes on longer get less, the least being homes on for 90-120 days which receive only 93.3% of what they were asking.

At any rate, the market is active and it is good n Green Lake.

All graphs, maps and data retrieved from the Northwest Multiple Listing Service

 

 

 

 

Glenn Roberts
Retired

 

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Comment balloon 0 commentsGlenn Roberts • March 25 2010 09:33AM

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