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...
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Members of the NWMLS are cautiously encouraged by the consistent numbers of sales we've seen this summer and into the fall. Things will slow a bit as we head into the holidays until after the first of the year. How will Boeing's decision to build the 787 somewhere else affect our housing market? Will it decrease sales volumes substantially or just delay the recovery trend? I don't know. Sales in Ravenna Park were slow last month. One pending sale closed and two active listings went pending. With the tax credit being extended and expanded look for more sales in the...
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This just sent to me by: Rick HubbertSenior Mortgage ConsultantOn Q FinancialWA Lic. 510-LO-37044425-643-7000 PhoneUS Senators Near Deal On Extending Home Buyer Tax Credit By Jessica Holzer, Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- U.S.Senators are nearing a deal on a measure to extend the first-time home buyer tax credit through next April and expand it to some buyers who already own a home. Under the deal, certain "step up" buyers who have lived in their current home for at least five years would also qualify for the tax credit, according to lobbyists close to the negotiations. The...
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Plenty to do this weekend in Ravenna Park. Join the Friends of Ravenna Ravine from 10:30-12:30 on Saturday to work along the stream north of the ball field...southeast corner of the park. There is neighborhood work going on in the circle at the intersection of Naomi, 17th and 63rd. Just about anytime Saturday and Sunday. Roll up the ivy and get ready to plant native species. There will be a meeting on Saturday October 17, from 10-1 p.m. to begin planning for a Community Garden at Ravenna Eckstein, on the north end of the upper field. This is the...
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On Monday, October 12 at 7:00 PM at Calvary Christian Assembly, there willbe a meeting to discuss land use and zoning in the Roosevelt Neighborhood.The Department of Planning and Development (DPD) is conducting a review ofthe zoning recommendations made by the Community as part of the 2006Neighborhood Plan Update. The report of the Zoning Workgroup from July 2006is posted at the RNA website at www.rooseveltseattle.org and will also beavailable at the meeting on Oct. 12.The discussion will include, but is not limited to, some of the properties near 15th Ave NE and NE 65th St.DPD is expected to make a...
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There may be plenty of activity in the first time buyer market with the end of the $8,000 tax credit offer drawing to a close on December 1, 2009, but all of that activity hasn't influenced the market in Ravenna Park. At present we have seven active listings in the neighborhood and most of them have seen at least one price reduction over the past few months. One property on 20th Ave NE was sold subject to inspection but is now back on the market. A home on Twin Maple Lane is now off market unsold. Two sales did close. The duplex...
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On Tuesday evening (8-18-2009) at 6:00 there will be a meeting at the Ravenna-Eckstein Community Center to discuss the future of the community garden. Clik on the link: Garden Meeting 8.18.09[1].pdf ...
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A group of neighbors concerned about development in the area of NE 65th and 15th AVE NE contacted Shelley Bolser of the Seattle Department of Development recently. She provided the following update. RDG Rezone The Scoping Report for the Environmental Impact Study is not yet completed. Work is progressing very slowly, may be done in a month, but could be later. (Remember, the Scoping Report will only say what will be studied, it will not give any information on the impacts that may occur from development. It would say for instance," traffic may be impacted and should be studied" and would probably indicate...
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It seems like the local real estate market is behaving in a wave pattern. June appeared pretty robust with a few quick sales and then more homes on the market. But the heat seemed to dissipate into the atmosphere. Hot days predominated July but no new sales were reported in the Park. On the flip side, there has been increased activity in the office, unusual for August, and I'm anticipating, if not in Ravenna Park, at least in Seattle, we'll see an above average number of sales when we take a look in early September. ...
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While I was away on vacation there was some housing improvements made in the area across from Roosevelt High School. On the southwest corner of 14th Ave NE and NE 66th Street another derelict house was removed. A new ordinance has been proposed in Seattle that will make it likely that more buildings that are beyond repair will be removed. Current regulations were made with a mindset that it is always cheaper to rehabilitate a property that is falling apart, than to build a new one. But with bans on using many materials around 1978, such as lead paint, formaldehyde, asbestos and...
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