Seattle Real Estate Update – Oct. 2014
Seattle real estate trends are extremely neighborhood-centric and can vary drastically from one pocket of the city to another. Here, we’ve broken down the stats from October 2014 for a handful of neighborhoods in which we work. If you don’t see information for your neighborhood of interest, please let us know. You can also check your home’s current value using the widget above.
Arboretum: Arboretum saw 2 more homes go pending in October and 1 other close. The home that sold, sold for $1,050.000 in just 9 days making the price per square foot $406. With an ongoing inventory shortage in the neighborhood now could be a great time to sell. Let us show you how we can help you get the highest price possible for your Arboretum home in the least amount of time.
Montlake: Five homes came on the market in October in Montlake and 5 went pending. The average list price last month was $1,022, 000 while the average sold price was $1,285,000. Homes that sold were on the market for an average of just 9 days.
Broadmoor: 5 houses were for sale in Broadmoor last month and 1 went pending. The average list price in the neighborhood was $2,533,000.
Eastlake: Inventory in Eastlake dropped 43% in October, making it an ideal time for home owners in the neighborhood to sell.
Madison Park: Madison Park saw a lot of real estate activity in October including 7 active listings, 7 pending listings and on top of all that, 5 more houses sold. The days on market crept up a bit to 31 but sellers received 97% of their asking price. All this activity dropped the months of available inventory from 5.5 to 1.4 making this neighborhood even more competitive than ever.
Washington Park: Washington Park is the first neighborhood we’ve seen in quite some time that is favoring buyers. With 9+months of inventory available and an average list price of $2,575,000, this could be a great neighborhood to act on if you’re looking for homes in this price point.