North Seattle Neighborhood Market Report
In This Post
A look at activity during July of 2010
North Seattle Neighborhood Market Report
Usually the months of July and August are somewhat slow in Seattle's north end. The overall picture reflects that. The absorption rate for all of north Seattle was 3.83% in June and for July it is up to 5.2%. A lot more listings came on the market that were sold. A 5-6% abrorption rate is considered a balanced market.
As you can see, some key Seattle neighborhoods like Green Lake, Ravenna, and Bryant are faring better. Inventory in Seattle usually builds throughout the year until September. Then it fades to a low around January 1st. it will be interesting to watch the absorptioin rate during this recovery year.
| All Areas | Ballard | Green Lake | Ravenna | Bryant | |
|
Active |
894 |
124 |
93 |
38 |
20 |
|
Under Contract |
287 |
49 |
31 |
8 |
7 |
|
Sold July 1-31, 2010 |
173 |
22 |
23 |
11 |
6 |
|
Absorption Rate |
5.2 |
5.4 |
4.0 |
3.5 |
3.3 |
If you have any questions about absorption rates in your neighborhood or would like a comparative market analysis of your home, I'd be happy to talk with you. Just give me a call or click on the button below.
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.
People are after those Bryant schools! Good numbers Glenn:)
Hi Glenn: I have to agree with Courtney... and the numbers are looking good.
Courtney - Bryant has always be popular.
Rene - The good markets are hyperlocal. Sellers have learned the value of "right pricing."
Things get sold.