Seattle’s Wallingford Home Prices are Taking a Brief Respite

Inventory and prices dip in Seattle’s trendy Wallingford neighborhood. Typically real estate in Seattle slows down in the 4th quarter of the year; this has been a pretty consistent cyclical trend for last 30 years.

Home prices in the Wallingford neighborhood came off their year’s high-water mark in September of 2011 to start a downward price trend that has continued into December. The median selling price in September was $465K adjusting downward to early December’s level of $425K.

Active listings in the neighborhood started to slow down in early November and should remain that way until after the holidays. Which is when we start to see quite a few homes in the Seattle area coming on the market?

The Wallingford area

Wallingford, located just north of downtown Seattle Wallingford is divided be its business district which runs east west dividing the neighborhood into a north and south sections.

The business district features many small boutiques, shops, banks, a pharmacy, a few taverns and bars, the popular Guild 45th movie theaters, and the original Dick’s Drive-in Founded in 1954. The urban neighborhood is rich with public spaces including Gas Work Park, Meridian Playground, and Wallingford Playfield. The popular Burke –Gilman trail borders Gas Work Park and offers some incredible views of Lake Union.

Current Listings in the Wallingford neighborhood

Posted Tuesday Dec 13