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 at 6212 12th Ave NE closed at $460,000 after nearly one year on the market. The delightful Tudor below at 5764 24th Ave NE closed for the $649,000 asking price after only 26 days on the market.
With luck, we'll see some move-up buyers take advantage of the reduced prices in Ravenna Park as we enter the rainy season.
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