Seattle Residential: I Do That: Ravenna Market Data Report 4th Quarter 2010

Ravenna Market Data Report 4th Quarter 2010

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.

Ravenna market report

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.

 

 

 

 

 

Glenn Roberts
Retired

 

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Comment balloon 3 commentsGlenn Roberts • December 16 2010 05:13PM

Comments

Glenn, Similar here, some homes off the market (all the better for our sellers who STAY on the market..that's our advice to them), and like you said, buyers have to buy when they need to, so anyone out there now IS serious.

Posted by Liz and Bill Spear, RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.520.5305 www.LizTour.com) almost 8 years ago

Bliz - sellers who stay the course are often rewarded this time of year.

Posted by Glenn Roberts (Retired) almost 8 years ago
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Posted by ejwpowqrlb over 6 years ago

Participate