Ravenna Park - A Seattle Neighborhood

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Home Builder with Retired

Neighborhood Activity

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January and February listings and solds for 2010

Inventory is building this Spring in Ravenna Park. A well known builder has decided to put 3 lots on the market instead of building spec homes. A few other homes have been on the market for a long time.

On 21st Ave NE two homes came on recently priced in the $600,000s. One sold quickly and the other was reduced to $599,950.  The home at 6330 17th Ave NE, originally priced at $725,000 finally sold after 186 days on the market for $576,000. But the home on Naomi sold with only 23 days market time for $700,000.

The issue here is pricing. Many people like to test the market and be just a little high, saying, "We can always come down." But if the market is trending down, you may never catch the right figure without drastic price cutting.

So as of March 1, 2010 we have, in our neighborhood, twelve properties on the market, but only one pending and two that have closed in the last 60 days.

If you are on a busy street or have some other compromising factor, you must price agressively in this market, or you will be ignored.

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Glenn Roberts
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Location:
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Seattle Real Estate
Tags:
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sellers
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Ambassador
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Courtney Cooper
206-850-8841
All Seattle Homes for Sale: CooperJacobs.com

Hi Glenn - how are you?  Glad to see you on AR:)

March 01, 2010 10:48 AM
Rainmaker
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Glenn Roberts
Retired

Hi Courtney,

Doing pretty well, thanks. I've had some idle time in Jan and Feb and looked closer at AR. Decided to get involved.

March 01, 2010 03:27 PM
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