Green Lake area sales: July 2011 – How’d we do?

It has been awhile since I posted some Green Lake real estate numbers (sorry to single them out, north Seattle, but it is my ‘hood).  So, I thought I’d put out a little information about July 2011 so we can see how we’re doing.  All data is taken from the Northwest Multiple Listing Service.

Currently, there are 36 active single family homes on the market in Green Lake, ranging in price from $199,000 to $1,145,000 (I know, big range!).  There are also 12 active condo listings.  When I say Green Lake, I have literally singled out homes north to 85th, south to 50th, and of course between Aurora Ave N and I-5, which is typically considered to be the boundaries. 

We had 15 homes close last month, and another 8 go to “pending” status (under contract).  Some interesting information?  Of the closed homes last month, the average time they spent on the market was just 24 days – that means that most of these homes were just listed in May or June, and shows a strong sales pace for the neighborhood.

For instance, this little gem at 2305 N 65th Street sold (at full price no less!) in just 6 days.  It closed on July 29th for $765,000.

The average sales price for the closed homes was $570,660 (average price per foot $266), with the highest price sale at $945,000. 

With the amount of homes we’re closing per month (we also closed 18  homes in June), that shows that our current supply is only about 2.5 month’s worth or less – a much better condition than most of the rest of the country (and even the state, for that matter).  As a real estate broker, I LOVE to see the numbers like this!

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