Ballard Real Estate Report – July 2017

Past Sale by Ewing and Clark

Our Ballard neighborhood continues to be a hot ticket item in the Seattle real estate market. Our neighborhood had 46 sales last month; 7 more than last year. Like many other Seattle neighborhoods, the inventory remains low leading prices to rise. The average sales price for a Ballard home was at $684,508 in July of 2016, the number jumped to $781,272 this July. The highest cost for a Ballard home sold was at $1,600,000 compared to just $960,000 last July. Single-family homes in Ballard were on the market for an average of 7 days last month versus 17 days last July. There are currently 19 active listings and 44 pending.

Past Sale by Ewing and Clark

Ballard condo sales were down last month compared to July 2016. There were 7 less sales but reports show an increase in prices. The average sales price rose from $349,991 (July 2016) to $496,101 (July 2017). The highest cost for a Ballard condominium jumped from $425,00 to $680,000, and the median price increased from $378,000 to $505,000. There are currently 5 active condominium listings and 16 pending.

Ballard High School Competes in NY Jazz Festival

Ballard High Essentially Ellington FestivalAs I mentioned in an earlier post, the Ballard High School jazz band was invited to play in a prestigious nationwide high school jazz competition, Essentially Ellington, in New York City. It was Ballard’s first time being at this impressive jazz festival. This weekend, they along with two other Seattle schools and twelve other nationwide high schools tooted their horns to the Ellington tunes of “Night in Tunisia,” “Tutti for Cootie,” “Riding on the Blue Note,” and other Ellington classics.

Roosevelt, Ballard, and Mountlake Terrace represented the Puget Sound area very well at the competition. Roosevelt High, well-known for its quality jazz band program and a regular competitor in “Essentially Ellington,” won second place at the festival! Ballard High won individual accolades for its performance. I would keep my eye on trumpet player and senior Sam Zisette and vocalist Jade Likkel, both Ballard High students. They each received awards for their performance at the festival. Congratulations, Ballard High!

Seattle Apartment Vacancy Rate at All Time Low Now, but Will Ballard be Overbuilt?

Ballard Hjarta IIAccording to a Seattle Times article, apartment vacancy rates in Seattle are at an all-time low. In the past few years, the Seattle rental market, especially in Ballard, has shifted from a tenant-market to a landlord-market. What does that mean for people searching for apartments? High rents.

Using the basic economic theory of supply and demand, there hasn’t been much new supply. The amount of new apartments is one-third of what was offered in 2009. Additionally, demand is higher, MUCH higher. People who can afford houses are fearful to buy, so they are staying in apartments, despite the evidence that it may be more affordable to buy. Additionally (and this is my own theory), the economy is picking up, meaning more young professionals can afford to move out or live with fewer roommates than before. Demand has skyrocketed and that has caused the Seattle vacancy rate to be under 5%! The higher rents are definitely noticeable in Ballard.

Fortunately, Ballard is working hard to meet that demand. It is impossible to not see the cranes that dot the horizon as you look across Market or look up 15th or 24th. Tenants should feel some rent relief in the next year or so. However, some are worried that Ballard may be overbuilt. In my opinion, I think people will continue to flock to the neighborhood. But I’ve said that in previous posts. What do you think?

If you’re interested in seeing what’s available in the apartment market in Ballard and the surrounding areas, use the search tool here.

Safer Biking Becoming More Likely in Ballard

Are you a cyclist? If so, you’re probably aware that the Ballard District Council is working to make biking and walking safer in our neighborhood. Not too long ago, the Seattle Department of Transportation approved greenways throughout the city, including Ballard, in an effort to promote safe bicycling and walking in the city. According to the Ballard Greenways website, greenways are “slow, low-traffic streets connecting parks, libraries, schools, and businesses for pedestrians and bicyclists who need safe and comfortable routes through the City.” Ballard’s greenway would go along 58th Ave NW from 6th Ave to Golden Gardens. If adopted, it will create a safe east-to-west bicycling option in the heart of Ballard!

However, this route still poses challenges, as 58th St NW crosses multiple busy roads (8th Ave, 15th Ave, 20th Ave). So, it may require a Neighborhood Project Fund grant to make those crossings a bit safer for bicyclists and pedestrians.

If you’re interested in hearing more about the greenways, attend the Seattle Neighborhood Greenways meet-up tomorrow. SDOT staff, Peter Hahn and Dongho Chang, will be there to answer greenway questions. The meet-up is on Thursday, March 22nd from 6:30 PM to 8:30 PM. It will take place at the Phinney Neighborhood Center. For more information on the advocacy group, check out the Seattle Neighborhood Greenways Facebok page.

Ballard Coffee Works Will Open March 24th

If you’ve been out and about in Ballard, I’m sure that you’ve noticed progress being made on the former Tully’s space on 22nd and Market, otherwise known as the future Ballard Coffee Works space. As I mentioned in a previous blog, Seattle Coffee Works will be expanding and building a new store in that location. Last Sunday, I saw people painting the store frames, prepping it for opening. But, when will I be able to get my Ballard coffee fix?!

According to the Ballard News-Tribune, the Ballard Coffee Works is scheduled to open Saturday, March 24th. I cannot wait to sit inside and try a cup of its gourmet coffee. In the meantime, I’ll go to the Seattle Coffee Works on 1st and Pike. If you’d like more information, please visit its blog at www.seattlecoffeeworks.com

 

Top Ten Restaurants and Bars in Ballard of 2011

As a Ballardite who lacks an inner Julia Child, I find myself eating out a lot. Fortunately, Ballard is home to a large variety of restaurants, so I’m never bored. One Ballard couple took it upon themselves to eat and review every single restaurant and bar in Ballard. This is quite a feat, as our neighborhood has a lot to offer. One year later, they had made their top 10 list. Here is the list with links to each restaurant:

10. Tie between Flying Squirrel Pizza and Bastille
9. Copper Gate
8. The Boar’s Nest
7.Pasta Bella
6. Thai Thani
5. The Sexton
4. Ocho
3. La Carte de Oaxaca
2. The Walrus and the Carpenter
1. Plaka Estiatorio

So, Ballardites, what do you think? Do you agree with this list? What did the Seattle couple leave out? What adjustments would you make?

I’ve reviewed La Carta de Oaxaca and agree that it is absolutely delicious. Looking at this list, I’m honestly embarrassed that I haven’t been to many of these delicious places! Where have I been eating? It looks like I have a mission!

Ballard High School Invited to Prestigious Nationwide High Schol Jazz Competition

Ballard High School Invited to Essentially Ellington FestivalBallardites, toot your horns! Ballard High School is one of fifteen high school nationwide to be selected to compete in the 2012 Essentially Ellington festival in New York City. Ballard will be competing against various high schools, including Mountlake Terrace and Roosevelt High School. The annual jazz festival will take place May 4-6th at the Lincoln Center in Manhattan. It will be Ballard High School’s first year at the festival.

Participating at the Essentially Ellington festival is a high honor for a high school jazz musician. This year, there were 111 schools for the 15 available spots! What’s especially interesting is how the Seattle area high schools have continued to dominate the festival since being invited to participate in 1999. Most notable is Roosevelt High School’s continued appearance and repeat wins. This is just further proof that Seattle is still home to great music and musicians, including Quincy Jones!

As a former high school jazz musician and Ballard resident, I could not be more proud for Ballard High School. I hope they enjoy the experience and place well at the festival. If you would like to help out, you can support Ballard’s award-winning Jazz Band by getting tickets to see them perform at “Hot Java, Cool Jazz” at The Paramount on March 30th. Buy tickets through BHS band members, or at the Market Street Ballard Starbucks! 100% of proceeds for tickets sold thru Ballard will benefit the BHS Jazz Band’s trip to NYC.

 

Ballard to See Changes to its Bus Route

Ballardites, if you take the bus, pay attention. According to the Ballard News-Tribune, Ballard will be receiving a Rapid Ride, known as Rapid Ride D. It’ll make for a fast connection from Ballard to downtown Seattle, similar to the 15X, but with different stops and at all normal bus hours. The Rapid Ride D line will be slower than the 15X, but will offer more frequent service, better facilities, and more. Fortunately, the Ballardites spoke loud and clear at a recent Metro meeting, and the 15X will be kept, along with the Rapid Ride D. However, the local 15 route will be replaced with the Rapid Ride line D.

Stay tuned for updates on how the Rapid Ride D will impact other bus routes in the Ballard area. As of right now, the plan is for the 18 route to go through Fremont, Route 24 will change, and Route 46 will be eliminated. I’m eager to see the impact that the Rapid Ride will have on Ballard.

Is North Ballard Seattle’s Best Kept Secret?

Trulia recently released a report analyzing neighborhoods that locals look at but out-of-towners frequently look over in the daunting home searching quest. These would be considered a city’s best kept secret. According to the report, summarized in the Seattle P.I., Ballard’s zip code of 98117 is Seattle’s best kept secret. Encompassing Loyal Heights, Crown Hill, North Beach, Whittier Heights, and Greenwood, the 98117 zipcode offers quietly upscale homes without the expensive prices. Personally, I live in the 98117 zip code and think it is a fantastic neighborhood. It offers lots of restaurants and stores, yet still has a neighborhood feel to it.

What do you think? Do you think 98117 is Seattle’s best kept secret?

Seattle Funding Precinct – Liaison Attorneys

When there is a public safety issue or a chronic neighbor nuisance, it’s not always most efficient or effective to call 911. Sometimes, it’s best to go through a precinct-liaison program. Up until now, Seattle budget cutbacks have prevented funding to such programs.  According to a Seattle Times article, the Seattle City Council has restored funding to allow four attorney liaisons in  Seattle’s five police precincts.

For the Ballard area, your precinct liaison attorney is Jana Jorgensen. Starting in mid-February, you can contact her as a resource to solve neighborhood issues, like nuisance properties, feuding neighbors, and gang activity. Additionally, she lives in the North precinct, so she has a vested interest in the public safety issues of Ballard and the surrounding neighborhoods. With a precinct liaison attorney, it increases the police capabilities, using legal means to solve community issues. You can contact her at 206-684-7765 for your community needs, starting mid-February. To view the precinct-liaison attorneys in the other precincts of Seattle or for more information, please visit the Seattle Times article.