Green Lake Real Estate Market: January 2012. Where the heck did the market go?

After boasting what seemed like an unusually high sales pace in November and even December, Green Lake real estate felt like it came to almost a complete stop in January.  Was it the week we lost during the snow storm?  The calm after the holidays?  Fannie Mae and Freddie Mac making too many scary headlines?

Whatever it was, only seven single family homes closed in January in the Green Lake neighborhood (50th to 80th, Aurora to I-5).  Of the seven closings, the price points stayed relatively low – the lowest price sale was $288,900 and the highest price was $677,000.  The average sale price was $406,914 and the average square footage was 1,639, giving us a price per foot around $266.

But just because we had a low sales month doesn’t mean we now have lots of inventory.  In fact, January added only 6 new single family listings to the market in the neighborhood, giving us currently a total of 13 active homes for sale.  That’s not a whole lot!

New listing at 7910 Ashworth Ave N #C, priced at $449,900

Finally, there are currently 9 pending sales in Green Lake, including one short sale. 

In all of north Seattle, there are currently 339 active residential listings and 151 condominiums on the market.  January saw a total of 152 homes (both single family and condo) close in the entire area.

Personally, I’ve seen more activity in this past week than I did in all of January, so I’m hoping that January was just a blip while the weather was bad and people were getting back into the post-holiday groove.  The past week has been incredibly busy and I’m ready to see some more houses sell!

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