Ballard, Seattle Real Estate Update

If you are buying homes for sale in Ballard, Seattle, you really don’t have time to “think about it” when it comes to making an offer. Same goes for sellers. This popular area is considered very desirable for buyers and Ballard, Seattle homes for sale are moving quickly. Preparing your property in advance can save you from rushing to move. Regardless of what side of the transaction you are on, knowing the stats for this area is crucial as they can guide both sides towards a successful experience. The best way to get this information is from a Ballard, Seattle realtor. Working with someone who knows this local market is so necessary. So how is this area looking? Let’s check out the numbers!

The average and median sold prices for homes for sale in Ballard, Seattle have both gone up compared to this time last year. Which is great news for sellers although frustrating for buyers. The median sold price for Ballard, Seattle homes for sale have gone up 25.6% at $738,800 and the average has gone up 24.1% at $737,147. The average price per square foot is also up at $517. The average percentage of list price has increased to 105.9%. This particular number shows that homes for sale in Ballard, Seattle are going for over asking price.

Inventory wise, the numbers have continued to decrease, which is expected in such a popular neighborhood. The amount of Ballard, Seattle homes for sale has decreased by 26.9%. The amount of new listings are down 6.3% & pendings are down 5.5%. This is all due to the low month supply. Ballard, Seattle real estate has a .40 month supply. A balanced market requires a 6 month supply and anything less than 4 is considered a seller’s market. If you are looking in this neighborhood, give us a call. As an experienced Ballard, Seattle realtor, I would be more than happy to act as your advocate as you buy or sell in this Seattle neighborhood.

Posted on January 31, 2018 at 2:09 pm
Scott Shutes | Category: Uncategorized

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