CURRENT STATS FOR AREA 705
Area 705: Ship Canal north to 145th. I5 East to the sound.
Currently there are 685 Active Listings in this area with an average days on market time of 64 days. The average size is 3 bedroom/ 2049 sq. ft and the average price is $574,152 with a median price of $495,000.
As of today there are 158 pending sales.
In the past 6 months, 934 Sales have been recorded: Avg size 3 bedroom/ 1,893 sq ft, 49 days on market with an average sales price of $505,877 which is roughly $10,000 less than the listing price. The Median price for the past 6 months was $469,950.
The following is an interesting break down of the sales:
461 properties sold with in 30 days or less (equals 49.36% of all sales) at 99.29% of listing price.
223 properties sold within 31- 60 days at 97.66% of list price.
Based on the sales in the past 6 months and the current inventory, we have a 4.41 month supply of homes on the market in area 705 which is not too extreme. Surprisingly enough to a lot of people is the fact that there are some multiple offer situations still occurring. One agent on our team reported that the last 6 transactions out of 15 where multiple price situations. So, if you are in the buying wishy washy stage….it is a fabulous time to buy! We still have decent inventories to choose from and the prices are at about 2006 level.
Written by: Kerri Sheehan - Realtor, Keller Williams
