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!

Ballard Housing Market Recap: June 2015

Blue RidgeBy JJ Heinrich, Ewing & Clark, Inc.

The month of June has come and gone, and both the weather and Seattle’s real estate market have been extremely impressive. It’s well known that the summer months typically signal the busiest time of year for the real estate market, and the Ballard neighborhood has been quite dynamic. Let’s take a look at some of the real estate highlights for the month of June in Ballard:

According to the Northwest Multiple Listing Service, June brought about the sale of 44 single-family homes. The median sales price of those 44 homes was approximately $638,511. The homes that sold in the month of June averaged being on the open market for just 9 days, in line with the average for homes in Seattle. The total dollar amount of those transactions totaled roughly $28,094,497. Not a bad month’s work!

There were also 11 condominiums sold in Ballard in June at a median sales price of $375,958, and those units averaged being on the market for 46 days.

As you can see by the statistics provided above, the real estate market in Ballard continues to be extremely active, and we don’t anticipate that to change as we get deeper into the summer months. For more information on Ballard (and Seattle) real estate, or if you are curious about what your house might be worth in this strong market, please contact your local real estate broker for a free market analysis and conversation about your home.