About Seattle's Cedar Park

Northeast Seattle home market a tale of two different markets

Real Estate Trends as of February 9, 2012

Inventory and prices for lower tier homes in Northeast Seattle continue to trend downward since mid-November 2011. An odd occurrence prevails, with inventory shrinking price levels keep going down in the lower end of the Northeast Seattle real estate market. Unlike the upper tier market in Northeast Seattle which reacting like a normal marketplace should.

Upper tier home sales, homes over $530k, in Northeast Seattle started to see closed sales prices trending higher beginning in September of 2011 where the median sales price was $530k trending upward to $660,000 where the price point appears to have flatten out over the last week. Inventory levels have continued to slide from a brief leveling off in November of 2011 to where they are currently at the 12 month lows.

Typically we start to see inventory start to pick up slightly by the end of January through May, it’s been a little bit slower this year with sellers waiting for indications that home buyers have indeed come back into the market before putting their homes on the market.

Northeast Seattle’s neighborhoods experienced much of its growth in the 1940-1960s as the city limits started to push both the south and north boundaries further from the city’s core. Much of northeast Seattle is very walkable and very well designed leaving many wooded areas while the areas around them were being developed. The neighborhoods, almost always, were developed around a “playfield” or a family gathering place. Northeast Seattle’s neighborhoods; Maple Leaf, Pinehurst, Jackson Park, Lake City, Victory Heights, Cedar Park, and Meadowbrook all have residents with strong social and community ties.

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

Homes for sale in Northeast Seattle

Related posts:

1. Northeast Seattle Real Estate-Tale of two different markets (34.3)
2. Northeast Seattle sees upper tier home prices on the rise (33.9)
3. Upper Tier Home prices in Northeast Seattle Moving UP (20.2)
4. How’s The Luxury Market? Lake Forest Park vs. Northeast Seattle (19.6)
5. Market Update-Northeast Seattle (18.9)

Low Housing Inventory in NE Seattle

The available homes for sale in Northeast Seattle neighborhoods of Maple Leaf, Pinehurst, Victory Heights, Lake City, Cedar Park, Meadowbrook, Sand Point and Mathew Beach has reached a yearly low with 92 homes listed for sale on the Northwest Multiple Listing Service.

The median sales price of homes in the Northeast Seattle zip code 98125 saw prices start to trend downward at the beginning of 2011 and leveling off in May followed by an erratic price swing up and down until November when price levels flatten out until they started trending downward toward the end of December and have continued moving in this direction into January 2012.

The market times have steadily increased from a low 94 days in July (2011) to a high 134 days into January (2012).

The life boat shouldn’t be launched yet; these trends are pretty consistent to the cyclical market dynamic of the Seattle’s 4th quarter real estate market place. Historically, homebuyers in the Seattle market start to become more active in early February which also signals to homeowners who have been waiting to list their homes that it’s the right time to get their property on the market.

View all homes for sale in Northeast Seattle

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.

Related posts:

1. Extremely Low Housing Inventory in Lake Forest Park (17.5)
2. Northeast Seattle Wa. Price and Inventory comparison to Lake Forest Park Wa.(14.6)
3. Seattle’s Wallingford Home Prices are Taking a Brief Respite (12.4)
4. Seattle’s Queen Anne Hill January 2012 Home Sales (12)
5. How’s The Luxury Market? Lake Forest Park vs. Northeast Seattle (11.2)

 

Northeast Seattle’s Upper Tier Homes Trending Upward

The northeast of Seattle is made up of; of Maple Leaf, Victory Heights, Pinehurst, Cedar Park, and the Sand Point neighborhoods. The upper tier homes represents homes priced over $530k and up.

Home prices for this segment of the market have been steadily trending upward since September 2011. Inventory levels bottomed-out in mid-September adding to the upper ward momentum. Active listings in this price range Have leveled off which could represent the typical seasonal 4th quarter slow down.

Active listings in the Cedar Park neighborhood

Selling A Seattle House With A View

There are so many selling features associated with a home that it can be easy to lose track of a spectacular view. Selling a Seattle house with a view is easier than selling a home without one. There are buyers that are specifically looking for a home that is as beautiful on the outside as it is on the inside.

All across Seattle you'll find amazing homes with incredible features. If you have such a home as well that you are trying to sell you can make yours stand out above the rest by accentuating its view. A lot of homes have beauty inside, but it is rare to find ones that also have a view to go along with it.

Setting it apart

When you are marketing your home, the view will need to be emphasized as one of the main selling features. Sit down with your Seattle real estate agent and find out how he plans to market your home. If you have any pictures of the view that shows it off, such as a picture taken during a sunset, give a copy to your agent. He may be able to use it when he advertises your home on the MLS.

Show viewers

Any time a potential buyer enters your Seattle home you should take him outside to experience the view for himself. There is a big difference between seeing pictures and seeing something for yourself. Also, being outside of the home is better than looking at it through a glass window. Something about being outside makes you connect with the scenery. You'll give the viewer a positive experience that may translate into a fast sale.

One thing that you should always do during a viewing is open the blinds or curtains so that anyone walking through your home can see the scenery before heading outside. This way they'll see what they will be viewing every time they look outside, and hopefully it will be enough to take their breath away.

A Seattle house with a view is special and should be treated that way. Your real estate agent can show you how it can be advertised to show it off so that your home sells to the right buyer as soon as possible.

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.

The upper tier segment of the 98125 zip code in Seattle has been on a steady upward trend since September 2011. With the median selling price just  slightly under $600,000.  Inventory levels showed a brief upward trend from late September until the middle of October when we started to see less upper priced homes come on the market. This pretty typical for the 4th quarter in the real estate market.

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.