Closed sales in Seattle’s Maple Leaf neighborhood remained brisk
Closed sales in Seattle’s Maple Leaf neighborhood remained brisk through September. Close sales ranged from $220K-$1M in Maple Leaf.
The average selling price for the 15 closed sales was $428,090 with an average of 21 days on market.
Sales have remained brisk despite a scarcity of housing inventory in the Roosevelt-Maple Leaf area. Comparing September 2012 to 2011 there is an inventory reduction of 33% less homes available for sale.
No doubt the low 30% interest rates we’ve had all summer have aided in late summer selling momentum.
Homes sales in Maple Leaf remained brisk through the end of summer. Maple Leaf recorded 32 closed home sales from August 1-September 23, 2012. The average days on market was 40 days. What is even more staggering is you factor out two homes one that was a short sale that was on the market 323 days and the other a pre-sale new construction that was on for 148 days the average days would be reduced considerably.
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Maple Leaf is home to approximately 20,000 residents, mostly residing in “classic Seattle boxes”, known locally as Seattle bungalows and Tudoresque style houses. Since 2000 the Maple Leaf area has been undergoing considerable renovation as smaller, older homes sitting on 1/8 acre lots are being bulldozed to make room for new high-end “Craftsman”-style homes and, especially along Roosevelt Way NE from Snappy Dragon to Walgreens it has become townhouse row.
Living in Maple Leaf
Residents of Maple Leaf love living in the area because the strong sense of community and the convenient location. Most the time you can get what every you want on foot, the Ace Hardware Store is in the middle Maple Leaf and is stock with everything you need for your home and garden plus they have a great staff eager to offer advice or help you find what you’re looking for.
Getting around in Maple Leaf
Public transportation is plentifully with three arterials where residents can catch a bus without waiting. There are lots of small restaurants to choose from as well as cafes and coffee shops and if you’re looking for a greater selection the Northgate Mall is just down the road.
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