Ravenna 4th quarter data report
Normally, the number of listings decline as the year wends its way to a close. This year is no exception. Some homes are taken off the market and will reappear in January. Others that might come on now will be delayed until after the first of the year. There is just too much to do this time of year.
There are some serious shoppers out there though. There always are. The changes that cause people to move don't pay much attention to holidays. Be that as it may, the Ravenna neighborhood in Seattle currently has 18 single family homes on the market. The average asking price is just under $500,000 and the median price is just over that. The high and low are $725,000 and $247,000.
Ten homes are currently under contract. The median listing price of these homes is $399,000. So one can see that the entry level buyer is active in this market while the move-up and higher end buyers are currently standing pat. That's somewhat surprising as there may never be another opportunity to get a fairly hefty mortgage at such a low interest rate.
Over the past 90 days there have been 20 closings for Ravenna. The lowest sale price was $325,000 while the highest was $771,900. The average sales price for the 20 listings was $492,099 and the median was $481,000. Very similar to the data on the active listings while the pendings show a much lower profile.
The solds are in red on the map below. The pendings in yellow and the active listings in green.
If you have any questions about the Ravenna market please give me a call. I'd be happy to help you with your real estate needs.