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.

May Real Estate Report

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

Ballard High School Set to Perform Urinetown

Get ready for the next great Ballard High School Performing Arts musical, Urinetown. Next Thursday March 6th is opening night where the Ballard Foundation will host a meet and greet with the cast, a buffet dinner, and various speakers who will highlight the work done by the performing arts. Tickets to this opening night event are as follows.

  • Individual Tickets Upper Level $45
  • Individual Patron Tickets Lower Level $75
  • Tables for 8 $360
  • Patron Tables for 8 $600

If you cannot make opening night, you will have plenty of chances to catch this hilarious musical. Ballard students will also perform this on Friday & Saturday March 7 & 8th as well as the following week March 14 & 15. For more information about this musical and purchasing tickets, please visit the Ballard High School Performing Arts site.

If Ice Caps Melt Ballard Will Look Like…

According to Jeffrey Lin, a campus planner at University of Washington with a background in geography, Ballard would look a whole lot different than it does today if all the ice caps in the world melted. With new geographical names such as Phinney Peninsula, Crown Point, Loyal Headlands, and a new Bay of Ballard, the make up of Ballard would change dramatically.  While the idea that this will take place in the near future is far fetched at best, it is interesting to see how our geography could change in the future.  See his illustration of what Ballard could look like below.

Reuben’s Brews’ Raises Money

According to this MyBallard article, Reuben’s Brewery (located in downtown Ballard) has raised over $7,000 for different local charities. Beginning last May, Reuben’s hosts a different charity or non-profit organization each Thursday and then donates $1 of every pint or growler that is sold that night to the featured organization.

Another aspect that is unique, is that Reuben’s encourages representatives from that nights featured organization to attend and raise awareness for their cause by talking about what they do. Tonight from 3pm to 8pm MEOW Cat Rescue will be the featured organization. For more information about this great weekly event, please visit Reuben’s website. 

Ballard Burglary

Around 3 AM early Wednesday morning a female burglar broke into the garage of a Ballard residents home. If you plan on leaving your house for Halloween festivities tonight, you may want to double check that your house is secure.

According to the SPD Blotter.

A female suspect is seen on video entering the victim’s garage. This morning just shortly after 3:00 a.m., residents were asleep in their home in the 8300 block of 9th NW when a noise woke them up. Upon checking they found their main garage door open.  The homeowner closed the garage door and went back to bed.

They then heard the garage door opening.  They returned to the garage and did not see anyone.  However, they saw some of their tools moved over to the garage door area and found their vehicle had been rummaged through with paperwork being taken.  The residence has video cameras.  Upon review of the video footage they saw the suspect in their garage. The female suspect was wearing gloves.  She is seen opening the door that leads into the residence, but does not enter.

The suspect is then seen leaving the garage and walking down the street. Officers conducted an area check for the suspect with negative results.

The suspect is described as a white female, 5’6, slim build, wearing a white or beige knit hat, scarf, and gloves with a white shopping bag.

Skateboarder Hit by Car After Smashing Window

Last night at the intersection of 15th Ave NW & NW 80th Street there was an altercation between a mini van and an adult skateboarder. According to the Seattle Police Department blog, the skateboarder was blocking the path of the van and began to smash the hood of the vehicle, shatter the windshield, and yell racial slurs toward the driver. While this was going on the van drove forward running over the skateboarder and pinning him underneath the vehicle.

By the time the medics and police responded, other bystanders had lifted the vehicle off the ground and got the injured person out. The injured party was transported to Harbor View Medical Center with what is being reported as serious injuries. According to the SPD blog, the mini van driver was released pending the results of the investigation. No updated has been given yet of the skateboarder.

Tug Boat Sinks in Ballard

According to The Seattle Times, a 72 foot wooden tug boat that was being moored at a dock in Salmon Bay sank early Monday morning near the Ballard Bridge. The Department of Ecology was on hand to assist as some fuel had leaked into the bay. While details of how this happened are still coming in, it did not appear to be a large quantity.

The Coast Guard received a call from the boats caretaker around 7:30 AM to notify them that the tug was sinking. This wooden tug boat was in the middle of being transformed into a floating residence when this incident occurred. For more information on this developing story, please check out The Seattle Times. 

Historic Ship Set for Auction in Ballard

According to the Seattle PI, the 303 foot historic vessel Sahara is being auctioned off on September 25th at 11 am at the Stabbert Maritime, located at 2629 N.W. 54th St. near Ballard. This is part of a settlement from a lawsuit brought against the owner of the Sahara as a result of the death of a worker on the ship. According to the article this ship started out as a US government oceanographic research vessel in the 1960’s.

In 2009 it was purchased for $1.5 million with the idea of turning it into a luxury floating hotel. Because of the economic decline and no way to fund the remodel the project never got off the ground. With a $2 million reserve on the auction make sure to bring your best offer forward.

For more information about this auction please check out this Seattle PI article.

Apodments coming to Ballard?

According to this KIRO 7 report, a group of Ballard residents are attempting to stop a plan to build a 27-unit apartment complex on the 1400 block of NW 62nd St. These apodments are small apartments that are increasingly being built by developers in Seattle. In this case the 27- unit development would replace one single family residence. 

Among the greatest concerns by neighbors in the KIRO 7 report was the parking. They wonder how will they find a place to park when a single family home is being replaced by 27 units? Other concerns expressed in the report included what would be the impact on their property values with such a development constructed on their street? While the developer stated that the concerns by neighbors were being overblown, he did not provide details as to why that may be true.

What do you think about these apodment developments in Ballard?