Ravenna-Roosevelt May 2011 Market Report

By
Residential Home Builder with Retired

Ravenna-Roosevelt May 2011 Market Report

The 16 closings in May was double that of the 8 closings of residential property in the Ravenna and Roosevelt neighborhoods of Seattle during April. Surely a good sign that the people who took the plunge actually made it to the closing table.  Active listings have been pretty steady for the past three months coming in currently at 33 . We still could use more inventory in these neighborhoods. There are buyers out there looking for homes.

Status

#

Low $

High $

Average

Median

Days on Market

Active

33

170,000

775,000

493,004

459,000

59

Pending Inspection

10

159,950

528,000

335,070

355,00

36

Under Contract

19

144,500

839,500

471,579

425,000

39

Sold

16

300,000

640,000

442,538

415,000,

30

 

Last month there were 25 listings pending inspection or otherwise resolved and just waiting to close. Now there are 29 such properties, so expect June totals to be up slightly.

For in-city Seattle north of the ship canal the statics include 219 closed sales in April, 469 pending sales (up 130) and 912 active listings up 121 since last month. Absorption rate is now 4.2.Still a sellers market.

Sold in April for $629,950

This report includes single family homes, townhomes and condominiums.



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.

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Glenn Roberts
Retired

 

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Topic:
Real Estate General Information
Location:
Washington King County Seattle Ravenna
Tags:
ravenna
ravenna market data
roosevelt market data

Comments 12 New Comment

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Rainmaker
311,284
Glenn Roberts
Retired

Bliz - Marjie and are working on a CMA for another area near here and the home is $700K-750K but there are no sold comps. Some things not as nice that aren't/didn't sell, some better homes over $800K, and some smaller homes under $600K. I'd pull my hair out (if I had any) for some valid comps. Who knows what an appraiser will use?

We just need more people who want to move. Then we'll have some comps.

June 02, 2011 08:32 PM
Rainmaker
324,200
Sondra Meyer - Peterson
Colorado Horse Property Specialist
Star View Real Estate

Glen, just another example that buyers and sellers shouldn't be believing everything they here in the news.  It sounds like your market is picking up. 

I like the picture of the trees in bloom. 

June 03, 2011 11:49 PM
Rainmaker
455,468
Cara Marcelle Mancuso
Call a Marana neighbor, I'm THERE!
Long Realty - Dove Mountain, Marana AZ

Seems like things are moving!  Love the Cherry trees!!!  My daughter just enjoyed a week up in your area - went to a folk festival, the wharf and market, the University district, countless restaurants.  She's all ready to move...except she's not old enough.  Ha!

June 04, 2011 01:14 AM
Ambassador
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Jennifer Fivelsdal | Call 845-758-6842 Helping you achieve your real estate goals
In Dutchess Columbia and Ulster Counties
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571

Glen very informative market report for Ravena-Roosevelt.  Homes seem to be selling fast can't remember when last the DOM was 30 days for sold properties.

June 04, 2011 11:56 PM
Rainmaker
311,284
Glenn Roberts
Retired

Sondra - People should operate in terms of what timing is good for them and stop playing market games.

Cara - Hope you daughter had a good time., Sounds like it.

Jennifer - 30 DOM is a darn good average.

June 05, 2011 12:00 AM
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Glenn Roberts

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