This information was current as of April 22, 2008.
| Single Family Homes Currently for Sale | 39 | ||
| Under $500,000 | 2 | ||
| Over $1,000,000 | 5 | ||
| Lowest Priced Single Family House | $499,950 | ||
| Highest Priced Single Family House | $1,399,999 | ||
| Median Home Price | $674,950 | ||
| Average Days on Market | 74 | ||
| Current Market Trend | Ballanced Market | ||
| Condominiums Currently for Sale | 11 | ||
| Under $500,000 | 11 | ||
| Over $1,000,000 | 0 | ||
| Lowest Priced Condominium | $205,000 | Mortgage Information | |
| Highest Priced Condominium | $749,990 | ||
| Avg. 30 Year Fixed | 5.750% | ||
| Median Condo Price | $439,990 | Avg. 15 Year Fixed | 5.250% |
| Average Days on Market | 74 | Avg. 3/1 ARM | 6.000% |
| Current Market Trend | Buyer's Market |
Single family homes in Phinney Ridge are still demanding attention. Unlike many neighborhoods in Seattle, Phinney Ridge has not become a buyer's market. Things are still ballanced in that neighborhood despite time on market being up significantly over last summer.
Condominiums show a different trend. Condos in Phinney Ridge are showing similar days on marrket, but with a lot more inventory. As such the Buyer's have the edge here. Still with interest rates still low, and summer around the corner, the market may be about to wake up.
As a residential real estate specialist, my focus is on finding and selling first and second homes all over the Seattle area. If you are in the market for a home or looking to sell your existing home and need help, please don't hesitate to call, click or e-mail me. I'd love to help.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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