Green Lake Real Estate: November 2012 Stats

Are your Christmas lights up yet?  They sure do make a neighborhood look festive.  Not that Green Lake needs any help attracting buyers – we’re still at a low inventory of just seven residential homes on the market right now.  Five of those homes have been listed for some time, and two came on new in November.  The average price of our current inventory? $556,636.

As usual, I’m taking data from 85th on the north end to 50th on the south end, and bordered west to east by Aurora Ave and I-5.  And with such little inventory available to purchase, you probably won’t be shocked to hear that another 15 homes in the neighborhood are currently pending (under contract but not yet sold).   On top of that, seven more homes closed in the month of November, with an average sales price of $545,357 and an average size of 1,910 square feet.

The average time on the market for the seven closed homes last month was 19 days – with over half of those homes selling in less than two weeks.

When I give these monthly updates, I usually like to separate out condominium data from single family data so as not to skew the numbers too much.  However, this time, the market did that for me.  If you thought single family inventory was low in the neighborhood, you’ll be surprised to hear that there are no condominium homes for sale in Green Lake right.  Not one.

Are you putting your house on the market in the next few weeks?  If so, I wasn’t joking about the Christmas lights – not only are they festive and inviting, they also help light up the outdoors for evening showings of your home.  A wreath on the front door and a tidy yard can also go a long way in making your home look attractive for a buyer.

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