Uncategorized November 10, 2018

Ballard, Seattle Real Estate Update

If you are thinking of buying or listing homes for sale in Ballard, Seattle, this winter, you came to the right spot. The first thing to do is you choose a Ballard, Seattle realtor who is experienced and knows the market. There are a lot of details both buyers and sellers will want to find out about the local market that will help guide both parties. Knowing the market value, sold prices, demand and days on market provide valuable insight. The best way to get this information is from a Ballard, Seattle realtor. We have access to local data that isn’t readily available otherwise, or can be hard to understand. So how is this neighborhood looking? Let’s check out the numbers.

The good news for sellers is that the sold prices for homes for sale in Ballard, Seattle are up compared to this time last year. The average is up 11.4% from this time last year at $888,943. The median sold price is up 7.1% from last year at $831,000. The average percentage of list price is down 0.1% from last year at 104.4%. Your realtor in Ballard, Seattle will further explain how you can use this number to your benefit, but it basically tells you your negotiation power and that Ballard, Seattle homes for sale are getting over asking on average. As far as inventory, the amount of new listings is down 8.8%. Closed sales are down 32.8% and pending sales are down 32.9%. The month supply is up and the average days on market is around 11. These numbers do change, so it is important to work with your realtor for the most accurate information. If you are looking for a Ballard, Seattle Realtor or Ballard, Seattle homes for sale, feel free to give us a call. Our team would be happy to help!