The 98125 zip code made up of the following neighborhoods; Victory Heights, Maple Leaf, Lake City and Cedar Park is coming off the a 3 year low in housing value according to data compiled by Altos Research. The data shows the home prices starting to trend upward beginning in early November of 2011.

While the Seattle neighborhoods a little future south (zip code 98115); Roosevelt Green Lake Inverness, Ravenna and View Ridge may be taking a bit of a break after the prices were trending upward from April 2011 to September when they started to lose steam and have been going down since then.

Search Homes in North Seattle by Neighborhood:

Broadview

Bitter Lake

Victory Heights

Maple Leaf

Cedar Park

Green Lake

Sand Point

Roosevelt

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.

Ravenna-Roosevelt May 2011 Market Report

The 16 closings in May was double that of the 8 closings of residential property in the Ravenna and Roosevelt neighborhoods of Seattle during April. Surely a good sign that the people who took the plunge actually made it to the closing table. Active listings have been pretty steady for the past three months coming in currently at 33 . We still could use more inventory in these neighborhoods. There are buyers out there looking for homes.

Last month there were 25 listings pending inspection or otherwise resolved and just waiting to close. Now there are 29 such properties, so expect June totals to be up slightly.

For in-city Seattle north of the ship canal the statics include 219 closed sales in April, 469 pending sales (up 130) and 912 active listings up 121 since last month. Absorption rate is now 4.2.Still a sellers market.

This report includes single family homes, townhomes and condominiums.



If you live in the Seattle area, and in particular the North Seattle and the Ravenna or Roosevelt areas, give me a call and let’s discuss how to resolve your real estate issues.

April 2011 Ravenna Roosevelt Market Report

The data is in for April is in and the results are pretty much as predicted. Closed sales are up 100%! There were only 8 closed sales in March, but there were 17 in April. Inventory has remained at 31 active single-family units including condos for the Roosevelt Ravenna neighborhoods.

The map below shows the sales in red, the pendings in yellow and the active listings in green.

What does the data have to say about the month of April? Let's take a look.

We see that the average days on market for the pending and sold properties went way up. This indicates that those sellers who were too high have lowered their prices to meet the market, or that the market has improved and in spite of what Case-Shiller says and what you read in the paper, the housing market in the Seattle neighborhoods of Roosevelt and Ravenna is alive and well.

If you would like to be a part of this activity, give me a call. Let's take a close look at how the light rail station in Roosevelt will affect the growth in this neighborhood.

LaVassar Florists in Ravenna has been a family owned and operated full service floral business since 1968. You'll find them just of NE 75th Street at 20th NE in one of the smallest strip malls in Seattle. LaVassar Florists is now owned and managed by two of the founders' daughters, Judy and Joanne.

I've bought flowers there for over twenty years and have never been disappointed. My company's office, Lake and Company Real Estate has been having flowers delivered weekly for at least ten years. Judy and Joanne consistently deliver interesting bouquets which last and last. They have two vans and their delivery area includes Bellevue, Edmonds, Lynnwood and Seattle.

The LaVassar Florists website is easy to use. Here is an excert:

Fresh flowers are a wonderful gift for every occasion. LaVassar Florist, Inc., a leading Seattle florist, has a wide selection of flowers and gifts, from romantic Valentine's Day roses to tasteful sympathy arrangements to gift baskets and Mother's Day flowers . No matter the reason, whether it’s your anniversary, a birthday or a get well gesture, LaVassar Florist, Inc. can provide beautiful and inexpensive arrangements to suit your budget. Trust LaVassar Florist, Inc. to deliver exquisite flowers and gift baskets in Seattle WA.

Normally, the number of listings decline as the year wends its way to a close. This year is no exception. Some homes are taken off the market and will reappear in January. Others that might come on now will be delayed until after the first of the year. There is just too much to do this time of year.

There are some serious shoppers out there though. There always are. The changes that cause people to move don't pay much attention to holidays. Be that as it may, the Ravenna neighborhood in Seattle currently has 18 single family homes on the market. The average asking price is just under $500,000 and the median price is just over that. The high and low are $725,000 and $247,000.

Ten homes are currently under contract. The median listing price of these homes is $399,000. So one can see that the entry level buyer is active in this market while the move-up and higher end buyers are currently standing pat. That's somewhat surprising as there may never be another opportunity to get a fairly hefty mortgage at such a low interest rate.

Over the past 90 days there have been 20 closings for Ravenna. The lowest sale price was $325,000 while the highest was $771,900. The average sales price for the 20 listings was $492,099 and the median was $481,000. Very similar to the data on the active listings while the pendings show a much lower profile.

The solds are in red on the map below. The pendings in yellow and the active listings in green.

If you have any questions about the Ravenna market please give me a call. I'd be happy to help you with your real estate needs.