Seattle Residential: I Do That: Seattle: Green Lake Market Report

Seattle: Green Lake Market Report

Green Lake Market Report 2010

What does the Green Lake Market Report look like for 2010? One caveat first. This time of year we always have the lowest number of Active listings. Many listings expire at the end of the year and some sellers are reluctant to put them back on until the weather takes a turn for the better. That said, here's how things look today:

Green Lake 2010 statistics
Single Family
Condominium
Active
64 21
Under Contract
20
1
Sold
256
30


It's easy to see that the single family market fared much better than the condo market in 2010. Single family homes sold at just over a rate of 20 per month and that would give us an absorption rate of 3. Bear in mind that the listing inventory will continue to build as we move through the rest of winter and on into spring. But and AR of 3 is a pretty fantastic sellers' market.


The condo market was anemic, to say the least. Just a 2.5 per month average. With 21 on the market, that's a 9 month supply.

Single family homes sold in a range of from $188,000 to 1,280,000. There were 8 sales of over $1,000,000, while the average sales price was $480,674 and the median sales price was $435,500. Let's not even look at the condo figures.

Green Lake active listings Jan 2011
January 2011 - Green Lake Active Listings

If you're planning to buy a home in Green Lake this year, you should start looking now. Take some time to learn what sells quickly and figure out carefully what you want in a home. The good ones still sell quickly.

 

 

 

 

Glenn Roberts
Retired

 

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Comment balloon 4 commentsGlenn Roberts • January 06 2011 09:57AM

Comments

So what has happened to our condo market???
Keep on, keepin on Glenn,
Paul

Posted by Paul S. Henderson, REALTOR®,CRS,, Tacoma Washington Agent/Broker & Market Authority! (RE/MAX Professionals.) over 7 years ago

It's a little scary, Paul, and I'm listing one next week. I hope to beat the odds.

Posted by Glenn Roberts (Retired) over 7 years ago
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Posted by ffcrwlutvk over 6 years ago

Participate