October 4, 2007

NW Seattle Sales: All Over The Map

It sure is a mixed bag for these August closings. This time I listed them in descending order of percent of asking price. As you can see, a hot property can still be bid up and sell quickly. But the one with the worst percentage also sold fairly fast, too.

Furthermore, as I sifted through Redfin, I saw a lot of “active” places that were put on the market around the  same time as these guys. So they’re now 100 to 120 days old. And a whole raft of sold property is still in records limbo, indicating that they closed escrow in September, in the 80- to 100-day range.

So I’m seeing a market that’s becoming more balanced. Stellar property attracts many interested buyers; average places take a bit longer but can still do well; and the less desirable homes (Cough! Townhouse, cough!) will linger.

321 N 77th St. sold for 108.8% in about 35 days.
Original List Price: $400,000. Sales Price: $435,000
2/1; 960 sq. ft.

5901 Phinney Ave. N #206 sold for 100.0% in about 50 days.
Original List Price: $339,900. Sales Price: $339,900
2/2; 833 sq. ft.

1545 NW 57th St. #613 sold for 95.6% in about 64 days.
Original List Price: $285,000. Sales Price: $272,500
1/1; 600 sq. ft.

724 N 76th St. sold for 88.9% in about 43 days.
Original List Price: $588,000. Sales Price: $523,000
2/1; 1460 sq. ft.

Note: All information from sources deemed reliable but not guaranteed.