Ballard Real Estate – Fall Recap

Ballard saw brisk sales activity in October with 52 properties sold, including 13 condos and 39 single-family homes. Though sales volumes were steady over the year, with an almost identical number of properties sold as in October 2014 (53), average sales price increased by 15 percent over the year to $573,254. Homes are selling quickly, with most only lasting on the market for approximately a week. Only 10 single-family homes were on the market for more than seven days in October, and condos sold in an average of 6 days.

Condo sales prices ranged from $260,500 for a 700-square-foot unit in a 1981 building at 11th Avenue Northwest and Northwest Market Street, to $425,000 for a 923-square-foot unit near the Ballard Locks. The lowest priced single-family (non-townhouse) home sale came in at $450,000 for a 1908 Craftsman in Loyal Heights; and at the high end, two new-construction modern homes on 23rd Avenue Northwest sold for $1.15 million each. Only four properties sold for below list price, and of the 52 properties sold, 35 sold for more than list price. The highest list-to-sales-price ratio came in at 122 percent for a 1967 715-square-foot condo a block from Ballard Commons Park.

If you’re curious what your Ballard home would sell for, please contact one of our agents for a free market analysis!