Seattle Real Estate Update – Sept. 2014

Oct 21 20140 Comment

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 September 2014 for a handful of neighborhoods 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 listings go pending in September with an average sold price per square foot sitting at $311 and an average number of days on market of 34. There is still an inventory shortage in the neighborhood though so if you are looking to sell, let us show you how we can help you sell in the least amount of time while receiving the highest return possible.

Montlake: Six homes sold in Montlake last month with an average sales price of $786,000. The average seller received offers at 105% of their asking price and homes were on the market for an incredibly short 12 days.

Broadmoor: Three listings came on the market in September in Broadmoor with an average list price of $3.85 million.

Eastlake: Once again, Eastlake had over 20 properties for sale, ending September with 23 homes still on the market. It is important to note, however, that the all of these current listings are wither floating homes or townhouses, which means there is huge opportunity for single family homeowner’s to sell and be successful.

Madison Park: Madison Park saw a spike in inventory that we haven’t seen since September of 2013 – tying that month’s number of homes for sale at 11. However, similar to what we saw in 2013, only 2 houses sold last month (compared to 3 in 2013) and 3 more were placed under contract. The average days on market though was an impressive 6 – yes you read that right – SIX days of market time before being snatched up – the shortest DOM we’ve seen in at least 15 months, if not longer.

Washington Park: Washington Park continues to be steady with 8 homes for sale and 2 closed sales. Average price per square foot was $537, slightly higher than the $499 average we’ve garnered over the past 15 months.