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I've noticed lately that desirable, well-priced homes in the Ballard area (including Crown Hill, Sunset Hill, Loyal Heights & Whittier) are selling like hotcakes! In the past 10 days, 8 homes came on the market and had offers in less than a week. (some in just a day!) Out of the pending homes who are past the inspection process, 11 had offers in 7 days or less. This accounts for 1/3 of the pending homes in this area right now. The price point that seems to be the hottest is $550K and under. The average price of the pending inspection homes in this area is $476,842; the average price of pending homes is $428,919. There are 83 pending homes and 51 pending inspection homes right now. (as of 2/24/11) This activity has left only 68 homes currently 'active' in this neighborhood. Given the number of pending sales right now, there is low inventory given the demand. For those of you considering selling your home this year, it's definitely a great time to sell in this 'hot' neighborhood! For you buyers out there, make sure you've got a Realtor who is on top of this market and keeping you updated every day on what's new.
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