Green Lake market Report for April 2010
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Green Lake continues to sell well.
The Green Lake market is looking good this spring. There are currently 85 active residential and condo listings in the area. There are 43 pending sales and 19 closed sales in the past 30 days. That makes for an absorption rate of 4.47 or it would take 4.47 months to sell off the available listings. The absorption rate for the entire city of Seattle is 6.6 using the data for the past 30 days. There were 4076 listings city wide and 616 properties sold.
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The townhouse and stand-alone home market was the strongest with the highest sale of the year closing this past month at $1,280,000. The average price for sold listings was $581,863. On the slow side of things the condo market only enjoyed 4 sales with an average price of $290,000.
There is some question of how the market will fare with the end of the $8,000 and $6,500 tax credits arriving on the 30th of April. Green Lake has been popular for a long time and we expect sales to continue pretty much as they have been.
Market times were a little faster than they were in the earlier part of the year. Sixty three per cent sold in the first 30 days. Spring is a wonderful time to shop for a new home or an investment property here in Green Lake. Give me a call and we’ll take a look at a few that might meet your needs.