Seattle Residential: I Do That: Seattle Neighborhood Market Report

Seattle Neighborhood Market Report

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.

North seattle neighbohood report

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.

North Seattle Market Report
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
Retired

 

//

Comment balloon 3 commentsGlenn Roberts • August 04 2010 01:39PM

Comments

People are after those Bryant schools!  Good numbers Glenn:)

Posted by Courtney Cooper, 206-850-8841 (Team Leader/ Investor for Brand New Keller Williams North Seattle Office) about 8 years ago

Hi Glenn: I have to agree with Courtney... and the numbers are looking good.

Posted by Rene Fabre, Marketing in the Digital Age (First American Title) about 8 years ago

Courtney -  Bryant has always be popular.

Rene - The good markets are hyperlocal. Sellers have learned the value of "right pricing."
 Things get sold.

Posted by Glenn Roberts (Retired) about 8 years ago

Participate