Seattle Residential: I Do That: Ballard home Sales Stastics

Ballard home Sales Stastics

Ballard Home  Sales Statistics

In This Post

A new look at the Ballard Real Estate Market

 

The Ballard market didn't slow down on account of Octoberfest celebrations. There are currently 110 active single family homes listed in Ballard, a waterside neighborhood of North Seattle. And there are another 53 under contract. Over the past 30 days 26 sales have closed. That's slightly above a 4 for an absorption rate which means it's a healthy sellers' market.

One reason it is a healthy seller's market is because sellers here have come to terms with the current reality of what their homes are worth. The sooner sellers everywhere face the facts of today's home values, the better it will be for the economy in general.

Ballard Home Sold

This fine house on a quiet street in Ballard with a great walk score (86) and easy access to biking routes and bus routes sold quickly. In only 16 days the negotiations and inspections were completed and it is now on the way to closing. The average market time for the 110 currently active single family homes is 67 days. Some are still priced too high and some have not been properly prepared. But there are buyers for your Ballard home.

I'd be happy to speak with you if you are thinking of selling in the near future. There is talk of a shadow inventory of bank held properties and there is also talk of better times to come. If you're not one to wait, but want to meet the market head on, let's get together and size up your Ballard home.

 

 

 

 

Glenn Roberts
Retired

 

//

Comment balloon 8 commentsGlenn Roberts • October 08 2010 09:13PM

Comments

Glenn,

This statement in your post rang out loud and clear:

One reason it is a healthy seller's market is because sellers here have come to terms with the current reality of what their homes are worth. The sooner sellers everywhere face the facts of today's home values, the better it will be for the economy in general.

Until the real value of homes in today's market is where sellers are listing, things will be slooooow.  It's great that your seller clients have gotten serious about continuing on in the current market.

Posted by 1~Judi Barrett, BS Ed, Integrity Real Estate Services -IDABEL OK (Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745) about 10 years ago

Judi - reality is accepted by 100% of the people when it's in their favor, as in "we can list it higher if you're willing to wait two weeks for the market to catch up," but rejected by more than half when reality hands them a scenario that they dislike: "This house is worth 25% less than you paid for it 3 years ago."

Posted by Glenn Roberts (Retired) about 10 years ago

Glenn, It has been interesting to watch this listing and see how quickly things have moved along -- a definite testament to your capabilities and hard work.  You are obviously in touch with your marketplace on every level.

Posted by Tish Lloyd, Broker - Wilmington NC and Surrounding Beaches (BlueCoast Realty Corporation) about 10 years ago

I had an advantage here, Tish. I sold him the house 8 years ago and he called in June and told me he was married and they were pregnant and wanted to move by November. So I could watch the exact market and prepared and pegged it pretty close. Everything doesn't have to be last minute. I like helping sellers with long range plans that they share with me. 

Posted by Glenn Roberts (Retired) about 10 years ago

My Norwegian relatives all moved to Ballard 70 years ago but the new Ballard is nothing to joke about, It is upscale and trendy...

Posted by Paul S. Henderson, REALTOR®, CRS, South Puget Sound Washington Agent/Broker! (Fathom Realty Washington LLC) about 10 years ago

So they're the ones everyone still talks about. Ole and Lena per chance?

Posted by Glenn Roberts (Retired) about 10 years ago

I do agree that sellers are definitely coming to terms with the way that things are.

Posted by Melissa Zavala, Broker, Escondido Real Estate, San Diego County (Broadpoint Properties) about 10 years ago

Melissa - Reality may take some time to set in, but it will.

Posted by Glenn Roberts (Retired) about 10 years ago

Participate