About Seattle's Broadview

Seattle Real Estate – Trulia

Inventory of available homes for sale in Seattle’s Broadview neighborhood have trended downward since the high-water mark in Septerber 2011 and just in the last several weeks come off the bottom to see the housing inventory trend back upward slightly.

Home prices in the Broadview neighborhood started to make a late years run in December of 2011 finaly closing at the higest point in over a year followed by a continuous trend downward into February of the 2012.

Typically buyers start coming out in early February and into the busiest home buying months May and June in Seattle. This year record low inventory levels leaves the buyers in the market with few options.

Neighborhood Home Search:

Ballard Neighborhood homes

Maple Leaf Neighborhood homes

Shoreline Neighborhood homes

Woodinville Neighborhood homes

The Highlands Neighborhood homes

Victory Heights Neighborhood homes

Queen Anne Hill Neighborhood homes

Roosevelt Neighborhood homes

Laurelhurst Streets Neighborhood homes

Bryant Neighborhood homes

Green Lake Neighborhood homes

Bothell Neighborhood homes

Phinney Ridge Neighborhood homes

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1. Bothell Real Estate Market Activity 2 yr Trends (12.3)
2. Bothell Wa. vs Kirkland Real Estate Market (12.2)
3. North Seattle Neighborhood Home Prices going in Opposite Directions (11.6)
4. Northeast Seattle Real Estate-Tale of two different markets (11.4)
5. 5 Stylish New Homes Available in Seattle’s Ballard Neighborhood (10.2)

Northwest Seattle foreclosures decrease homes sales shows life

Foreclosure Trend Line for Northwest Seattle (zip code 98177)

The overall percentage of foreclosures in Northwest Seattle has been steadily decreasing since April 2011. This is a good indication that home ownership is stabilizing in this particular region of Seattle. If the percentages start to trend upward, this is a good indication there will be an increased number of homes on the market and overtime the increasing number of foreclosures will drive down property values in the immediate area.

Sales Trend for Northwest Seattle (zip code 98177)

With the dwindling amount of distressed properties in Northwest Seattle sales activity picked up beginning with the number of foreclosures dropping in April 2011 sales volume followed in April and May and taking a brief break in June and July but again spiking up in September and October of 2011. With Sales volume going falling slightly going into early Fall before declining over the holidays.

This sales cycle is pretty typical for the area and time of year, what is unknown is how will the new wave of foreclosures banks have been holding back effect this particular market once they are put up for sale?

Related posts:

1. Northwest Seattle Market Report (19.7)
2. Chart of the Day:Northwest Seattle Real Estate (17.1)
3. May’s Closed New Home Sales in Bothell, Wa.- Outpaced April 2011 (15.2)
4. Northeast Seattle sees upper tier home prices on the rise (13.3)
5. Upper Tier Home prices in Northeast Seattle Moving UP (13)

Northwest Seattle Market Report

The Northwest corner of Seattle has some of the very best views of Puget Sound and the Olympic Mountains and amazing sunsets. The four communities within the 98177 zip code are Blue Ridge, Broadview, The Highlands and the northern most community Innis Arden.

The home prices in these areas peaked early than most other communities in the Seattle marketplace most other areas showed price increases up to September 2011, the Northwest region peaked in late July 2011 with median home prices reaching the high water mark for 2011 with at $692K

The number of homes available for sale came off the low levels in March of 2011 trending upward until November when inventory levels decreased from 122 homes for sale to 96.

The average market time for home sales was at its lowest in September 2011 152 days to its current level as of January 13, 2012 215 days. The Market Action Index (MAI) is currently at 19 which indicate a buyers’ market. When the MAI is above 30 it becomes turns in a seller’s market.

If interest rates remain low and the seasonally warm weather in Seattle remains we may see more buyers coming back into the market signaling to sellers it’s time to get your homes back on the market. Typically the housing inventory starts to ramp up in late February into the summer months.

This blog is courtesy of Adrian Willanger at Coldwell Banker Danforth & Associates 206 909-7536 helping people buy and sale homes in the Greater Seattle area.

All homes available for sale in Northwest Seattle

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Related posts:

1. Seattle’s West Queen Anne Hill Real Estate Market Today (15)
2. Bothell Real Estate Market Activity 2 yr Trends (13.8)
3. Chart of the Day:Northwest Seattle Real Estate (13.7)
4. Market Update-Northeast Seattle (13.6)
5. Extremely Low Housing Inventory in Lake Forest Park (12.7)