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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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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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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The half year report for Ravenna Park once again looks as healthy as ever. Currently there are 5 active listings and 4 properties under contract. The two most expensive properties sold quickly; an indication that there are buyers for great homes in desirable neighborhoods. A couple of homes hoping to take advantage of those sales seem to be priced a little high as they border an arterial. Time will tell if they have to reduce their prices. Speaking of reduced prices, the duplex over on twelfth has just dropped to $479,000. It's been on the market about 9 months...
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There is an attempt by outside developers in contract with a local landowner to radically change the landscape of the Roosevelt-Ravenna Neighborhood. I know that many of the residents of the area would like to see the Sisley properties cleaned up and developed into something that would both satisfy the needs of supporting a light rail station, destined to be here in about 2020, but also to retain the flavor, the character, the ambience of this beautiful part of the city that we love and love to live in. So I congratulate the citizens of this area who have managed to...
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One of the pending sales from last month, the home on 22nd Ave NE closed at $65,000 below list price. But several homes which have come on the market over the past two months are now sold pending. Two new listings priced at $875,000 and $788,000 have come on during the last week, which to me shows a confidence that the market in our area has regained some health. You can click the link at the top of the page for details. All across Seattle we have seen many sales, especially on homes that are new on market. Will bankruptcies like...
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This property on NE 65th near 14th Ave NE is coming down. Many old homes in this area have gone to seed through a misplaced sense of values and a total disregard for community. It's too bad to lose old houses, but when they are unreclaimable, let the track-hoes do their work. Hopefully the fruit stand block will get some beautification soon. Perhaps a park? ...
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The Ravenna Park housing market showed signs of real life in April. At the end of the month one closed sale is reported and there are now 3 homes under contract. Some new listings promise to keep the activity on an upward trend. A pair of side by side craftsmans are now on the market just north of Cowen Park. The home on 14th is our closed sale for the month and the craftsman on 22nd is under contract. Market times are relatively short. Click on the link in the header to see the details in the table. And with...
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| PRICE | ADDRESS | LIST DATE-SOLD DATE |
| ACTIVE LISTINGS | ||
| $224,950 | A condo on NE 65th St | 9/1/09 |
| $350,000 | Vacant lot on 24th Ave NE | 1/19/10 |
| $359,950 | A home on 25th Ave NE | 08/18/2009 |
| $375,000 | Vacant lot on 24th Ave NE | 2/16/10 |
| $400,000 | Vacant lot on 24th Ave NE | 2/16/10 |
| $599,950 | A home on 21st Ave NE | 2/6/10 |
| $599,950 | A home on Twin Maple Lane NE | 2/24/10 |
| $625,000 | A home on 14th Ave NE | 9/01/09 |
| $659,900 | A home on 18th Ave NE | 6/1/09 |
| $775,000 | A home on NE 63rd | 1/31/10 |
| $869,500 | A home on NE 62nd St | 1/28/10 |
| $899,000 | A proposed home on 24th Ave NE | 1/22/10 |
| UNDER CONTRACT | ||
| $669,000 PENDING | A home on 21st Ave NE | 2/5/10 |
| SOLD PAST 60 DAYS | ||
| $576,000 | 6330 17th Ave NE | 6/30/09-2/9/10 |
| $700,000 | 1915 NE Naomi Pl | 11/14/09-1/1/10 |
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