Currently in Ravenna Park there are 7 active listings. A few of them have been around forever. There are now four properties under contract including the one on he corner of 15th Ave NE and NE 63rd Street. That one started at $750,000, got reduced to $650,000 and then to $550,000 and was snatched almost immediately. I wonder who bought that property. Likely a development group with deep pockets. Two sales closed during July and here they are: July2010.PDF We'd be happy to show you any of the active listings in the area....
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June proved to be a better month than April or May. Four properties have moved into the under contract category. It is nice to see life on this front. Several other properties have new and lower prices. There are buyers in the market, but they are being very selective. There is no pressure on them. There is no tax credit to race for. The only reason they might have to act now is the prevalence of low interest rates. We haven't seen rates at 4.5% since the 1950's. To try and relate interest rate to home value...a 1% increase in...
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Well, things had to be better than last month. The brick tudor on Twin Maple Lane got another offer and then quickly closed. One of the vacant lots is sold subject to a feasibility study. A house on 14th Ave NE is now sold pending. There was a lot of activity nationwide this week as the $8,000 tax credit to first time buyers and the $6,500 tax credit to some move up buyers draws to a close. Now that the government incentive is over many of us are wondering what's in store for the market in the days to come....
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Looking back at the month of March, there is little to report concerning our Ravenna Park real estate activity. The home on Twin Maple Lane received an offer and the property was sold subject to an inspection. But ten days later the property is back on the market for the same price. What happened is between the seller, the would be buyer and their agents. Something wrong that the seller wouldn't fix? Buyer didn't actually qualify? It's always hard to tell. So, the chart looks just the same. But otherwise, there is a great profusion of blooming plants in the...
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Have fun with your yard. Make it more beautiful and enhance the value. Your nearby garden supply center has answers for all of your questions. Don't live any longer in a home with no trees in the yard. Plant one today.
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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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