Ravenna-Roosevelt March 2011 Market Report
There were 8 closings of residential property in the Ravenna and Roosevelt neighborhoods of Seattle during March. That is up from 5 last month and reflects that more of the 19 pendings from last month have made into the closed category. Active listings went from 36 to 31. Where are the sellers? I wish I knew. There are buyers out there looking for homes.
|
Status |
# |
Low $ |
High $ |
Average |
Median |
Days on Market |
|
Active |
31 |
144,500 |
748,000 |
408,986 |
399,500 |
61 |
|
Pending Inspection |
11 |
129,950 |
629,500 |
424,479 |
408,000 |
60 |
|
Under Contract |
17 |
133,500 |
839,500 |
475,000 |
473,000 |
43 |
|
Sold |
8 |
350,000 |
630,000 |
416,875 |
384,000 |
37 |
This month we have 17 pending sales and 8 more awaiting resolution of the inspections. Market time for the Actives is down but for the solds, it’s up. Buyers must have taken advantage of some over-priced listings and negotiated a good deal.
For in-city Seattle north of the ship canal the statics include 235 closed sales in March, 336 pending sales and 783 active listings, for an astounding absorption rate of 3.0. Houses are flying off the shelf again.
This report includes single family homes, townhomes and condominiums.
You can see the active Roosevelt and Ravenna listings included: Ravenna Roosevelt March 2011 Market Report.
If you live in the Seattle area, and in particular the North Seattle and the Ravenna or Roosevelt areas, give me a call and let’s discuss how to resolve your real estate issues.
Glenn Roberts, SRES*
Lake and Company Real Estate
206-524-3665
Seattle Residential ~ I Do That
Licensed broker since 1985 offering spectacular service to buyers and sellers in greater Seattle, with particular interest in Green Lake, Ballard, Phinney Ridge, Wallingford, Ravenna, Bryant, View Ridge, Roosevelt and the University District.
*Senior Real Estate Specialist
Referrals from past clients and other agents always make me smile.
Glenn~Great information about the area! I love the look of the home in the photo!
Melissa- Thanks. That neighborhood home was owned by a local well known chef. Pricey for a two bedroom but a unique and classy redesign inside without hurting the outside.
Thanks for the run down of your area you know the best Glenn.
Andy - Home for 25 years, all in real estate. Gotta know it.