Seattle Residential: I Do That: April 2011 Ravenna Roosevelt Market Report

April 2011 Ravenna Roosevelt Market Report

April 2011 Ravenna Roosevelt Market Report

The data is in for April is in and the results are pretty much as predicted. Closed sales are up 100%! There were only 8 closed sales in March, but there were 17 in April. Inventory has remained at 31 active single-family units including condos for the Roosevelt Ravenna neighborhoods. 

The map below shows the sales in red, the pendings in yellow and the active listings in green.

Roosevelt and Ravenna Map

 

What does the data have to say about the month of April? Let's take a look.

 

Status

#

Low $

High $

Average

Median

Days on Market

Active

31

159,950

775,000

411,838

400,000

60

Pending Inspection

7

144,500

499,000

320,833

319,000

123

Under Contract

24

199,950

839,500

492,464

457,450

43

Sold

17

125,500

596,500

380,441

420,000

62

 

We see that the average days on market for the pending and sold properties went way up. This indicates that those sellers who were too high have lowered their prices to meet the market, or that the market has improved and in spite of what Case-Shiller says and what you read in the paper, the housing market in the Seattle neighborhoods of Roosevelt and Ravenna is alive and well.

If you would like to be a part of this activity, give me a call. Let's take a close look at how the light rail station in Roosevelt will affect the growth in this neighborhood.

 

 

 

 

Glenn Roberts
Retired

 

//

Comment balloon 6 commentsGlenn Roberts • May 01 2011 11:41AM

Comments

Nice to see the numbers of sales increase like that. Hope it continues into May.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) over 7 years ago

Great job keeping the folks in your neck of the woods up to date on what's happening in their local Real Estate market my friend!

Posted by Craig Rutman, Raleigh, Cary, Apex area Realtor (Helping people in transition) over 7 years ago

Great job Glenn, hope things continue on that great pace

Posted by Gerry Michaels, GettysburgGerry Social Meida (Glasswork Media Arts) over 7 years ago

Lottie - I'm hoping that continues to be the trend.

Craig - This localism venue is quite a feature on AR. The ever-present "local real estate section" of the daily news.

Gerry - People seem to be getting used to the prices (after 4 years of adjustments) and buying a home just makes sense.

Posted by Glenn Roberts (Retired) over 7 years ago

Like the map presentation. Real estate sites with map based search options to show all the listings in this school system, or with three bedrooms or whatever filter are powerful. Especially for buyers who don't know all the towns but want to be south of this one. They can see all the listings to the south whether they know one town from the other or not if that is the driving force on what to buy.

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) over 7 years ago

Andy, More and more (not Mooers ;)) engaging readers is trending toward graphis and videos. I follow your lead.

Posted by Glenn Roberts (Retired) over 7 years ago

Participate