This beautiful three-bedroom home in Blue Ridge overlooking the Puget Sound and Olympics is on the market for the first time in 37 years! Classic features such as hardwood floors, French doors, and a fireplace alongside modern amenities make this an extremely comfortable home. Enjoy a large wrap-around lot featuring Italianate terraces, lush greenery, and the ever-present mountain and sound views. Extraordinary construction and details, fantastic living spaces, gracious scale, and old-world ambiance. Two-car garage with storage. If you are interested in this home or other homes in the neighborhood, contact your real estate agent today!
September was another strong real estate month in the Ballard market. During that time we saw an 8% increase in the number of new listings that hit the market but at the same time there were 20% fewer active listings available for purchase when compared to September 2013. While more homes came on the market this past September than the previous year, it still did not make up for the overall low inventory of homes that has plagued the Ballard area. Inventory levels are at a one month supply which is the lowest level in King County. As a result, we saw the median home price rise this past September in part due to fewer homes available to purchase. The median single family home price on closed sales in Ballard was $524,500 last month. That is a 12% increase when compared to September of 2013 where the median home price of a sold home was $468,500. With interest rates still at historic lows and Ballard attracting a lot of buyers, this trend of low inventory and high prices is set to continue. If you would like more information on the Ballard real estate market, please feel free to reach out.
*Statistics not compiled or published by the Northwest Multiple Listing Service
The 2014 real estate market in Ballard has been one of low inventory and high prices which is also the trend for the entire North Seattle market. When looking at the year to date figures, the average single family home price has increased by almost $40,000 which is about an 8% increase when compared to the first seven months of 2013. When looking at the year to date median single family home price, that has increased by over 10% when compared to 2013. These increases are a result of the market trends that show Ballard is a top Seattle neighborhood to purchase in as well as the low inventory levels have caused home prices to increase.
Another figure that can help explain the current market conditions in North Seattle is that the number of sales closed has decreased by almost 5%. While it is hard to pin point the exact reason for this, one explanation could be that some buyers are stepping out of the market in the short term because they are tired of losing out on homes that they made offers on. When looking back on the Ballard real estate market in 2014, buyers are losing out on homes even when offering well above asking price. This frustration in my opinion is part of the reason for fewer sales in 2014.
For more information about the Ballard real estate market or if you are looking to buy or sell your come, please feel free to contact me.
*Statistics not compiled or published by the Northwest Multiple Listing Service
This beautiful Broadview neighborhood home is pleasantly positioned on a large corner lot with views to the northwest of the Sound and Olympics. This easy, one-level home has a circular floor plan and maximizes every square foot of livable space. The sizable living room features a wood fireplace and corner windows looking out to views. Clean, sweet, period kitchen has gas stove, and the family room located in the back of the house is perfect for relaxing and watching a movie! In floor radiant heat throughout home, and huge yard is ready for you to put your thumbprint on it. If you’re interested in this or other neighborhood homes, please contact your real estate agent today.
The North Seattle real estate market has continued to be a high demand low supply market. While the level of inventory has inched closer to a one month supply, we are still nowhere near a normal market condition. Because of the low levels of inventory, historic low levels of interest rates, there are a lot of buyers in the market and not enough homes for sale to satisfy the demand. As a result, the average home in North Seattle sold for 13.5% more last month than it did in June 2013. If we compare median home prices, that increased by more than 12% from the previous year. With no shortage of interested buyers, this is a great market if you are looking to sell your North Seattle home for a premium price.
In Ballard, we saw similar trends as the rest of North Seattle saw with homes selling for a premium amount and closing in a short period of time. The demand to live in Ballard is evident in multiple ways as new construction homes are popping up everywhere. Another indicator of the strong sellers’ market in Ballard is the fact that homes are receiving multiple offers and closing for well above the asking price. If you are looking to buy or sell your home in Ballard, please feel free to contact me.
As a neighborhood with deep maritime roots, it’s only fitting that Ballard would have an entire festival devoted to seafood. The 40th anniversary of the Ballard SeafoodFest (and second iteration of the accompanying BeerFest), takes over Market Street and Ballard Avenue this weekend with more than 20 food vendors offering everything from Filipino-style seafood to Northwest crab cakes and, of course, the traditional salmon barbecue.
BeerFest has expanded this year, and will be featuring some familiar names from around the neighborhood at its new spot near the main music stage at 22nd Avenue NW and Ballard Avenue. Look for Hilliard’s, Reuben’s, Stoup, Bad Jimmy’s, NW Peaks, and Peddler, along with many more breweries from around the Northwest. 14 ounce beers are $5.00, and there will be wine for $7 for all of you non-beer-drinkers. For more family-friendly activities, head to Ballard Commons Park for the skateboard competition, the giant kids’ slide, and vendors offering a wide array of stuff just for kids. Make sure to come back on Sunday afternoon for the kids’ superhero costume contest and the raffle drawing – the grand prize is two tickets on Iceland Air!
Festivities are slated to begin at 11:00 a.m. on both Saturday and Sunday, and BeerFest wraps up at 10:00 each night. Click here for a full schedule of the events!
While any bar with a television will most likely be showing a World Cup game or two, some establishments may be a little more committed to the morning and mid-day live broadcast times than others. Here is a (surprisingly long) list of bars in the Ballard area that will be going the extra mile to show live games. Many of them will also be offering World Cup food and drink specials (info from Seattle Met):
Kangaroo & Kiwi – This Australian-owned pub will be open at 8:00 a.m. every day for the duration of the World Cup (June 12 – July 13) and will be showing every game on its eight indoor TV screens and specially installed TVs in two outdoor beer gardens. Beer and breakfast sandwich specials will be on the menu.
The Market Arms – The World Cup schedule on The Market Arms’ website warns “NO BIRTHS, WEDDINGS OR WORK” between June 12 and July 13. That is how seriously they’re taking their WC viewing. They’ll be showing all games live and replaying select games later in the evening for those of you who can’t skip out on work to go to a bar at 9:00 in the morning (probably most of you). Check their website for the complete schedule.
The George & Dragon – The self-proclaimed “Home of Football” (or in this case, “Futebol”) will predictably be showing all of the games and replays of quite a few, as well. This is always a popular spot, so be prepared for big crowds.
Other bars that will be open for all games: Ballard Loft, The Leary Traveler, Molly Maguires, Bad Albert’s Tap and Grill, La Isla, The Dray, and the Phinney Neighborhood Association. Click the links for all the details!
The real estate market for the North Seattle area continued the year long trend of being a sellers’ market. Houses are selling faster and at a higher price point than a year ago. The average days on market for a North Seattle home in 2013 was 24 days, this past month a home sold on average in 20 days. More buyers are having pre-inspections completed, writing cash offers, and waiving other contingencies, all to compete for their dream home. Compared to May of 2013, the median price on a home sold in North Seattle increased by 10%. That increase is a result of more buyers who are looking to live in North Seattle.
More specifically in Ballard, the median home price rose from $436,000 in May 2013 to $500,000 in May 2014. That is a 15% increase from the previous year and 5% higher than the average home sold when compared to the rest of North Seattle. If you are looking to buy or sell your home and would like more information, feel free to contact me with any questions.
*Data provided by the NWMLS
Despite dramatic changes in Ballard over the past several years, the neighborhood retains its strong Scandinavian identity, which is no better demonstrated than at the annual Syttende Mai (17th of May in Norwegian) parade, a celebration of the signing of the Norwegian constitution in 1814.
Ballard has been holding its celebration of Norwegian independence for 150 years, and these days the parade, which begins near 24th Ave NW and NW 60th and makes its way through Bergen Place park and down Ballard Avenue through Old Ballard, draws as many as 20,000 spectators. You’ll see drill teams, marching bands, community groups and plenty of Norwegian musical groups such as the Norwegian Ladies Chorus of Seattle. Though the parade is the grand finale of the event, Ballard will be celebrating all day long with music, food, kids activities, and much more! Here’s a sampling of other events happening throughout the day:
10:00 a.m. – Opening festivities with Mayor Ed Murray at Bergen Place
10:00 a.m. – 4:00p.m. – Barneleker (Children’s Events) at the Nordic Heritage Museum. Bring your kids for free craft projects and a chance to pet fjord horses!
10:00 a.m. – 5:00 p.m. – Enjoy free admission to the Nordic Heritage Museum all day long and sample Scandinavian food and drinks in the Nordic Cafe.
3:30 – 5:30 p.m. – Cafe at Leif Erikson Lodge. Food, beverages, wine/beer, programs, flags, DVDs for purchase. Enjoy traditional Norwegian music from the Winter Band and connect with local Scandinavian organizations.
6:00 – 8:00 p.m. – Parade! See the route here.
There will also be music all day long at the Bergen Place stage, see a full lineup and schedule here!
April continued the trend of 2014 as a seller’s market. In the North Seattle area the median home price sold for 7.5% more when compared to April of last year. This increase in price has to do with the sharp decrease in the number of new listings that came on the market. Compared to April 2013 there were about 20% less new listings than there were in April 2013. Inventory is overall still very low with less than one month supply.
When looking at the specific area of Ballard we saw similar trends. The number of new listings decreased by 21% and the average days on market for a home in Ballard was 19! Compared to April of 2013, the median sold price of a Ballard home in April 2014 rose by 16.9% or almost $75,000. While much of this has to do with the decrease in overall inventory it also has to do with the popularity of the Ballard neighborhood. If you are looking for more information on the Ballard real estate market, feel free to contact me.
*Data provided by the NWMLS