Phinney Ridge Real Estate Hot in Summer 2009

Phinney Ridge, Seattle home sales are up significantly this summer as compared to last year. June 2009 sales of houses and townhomes in Phinney Ridge were up 7.7% as compared to the same month in 2008. More surprisingly, median home prices were up 9.3% over last year. The median sales price in June 2008 was $525,000 in Phinney Ridge, and rose to $574,000 in this year in June.

The icing on the cake of this neighborhood's market's statistics is the marketing time. Total time on market has been cut in half, as the median time went from 56 days to 28 days in 2008 vs. 2009. These large increases match the trend for most of North Seattle, as we've seen strong sales and pricing increases all over the Seattle metro North of the Ship Canal.

Phinney Ridge Homes for Sale - Seattle Homes For Sale

These statistics based on MLS data. The Northwest Multiple Listing Service did not compile or publish this data.

Sam DeBord and Brian Wiegand - SeattleHome.com - Seattle Real Estate Brokers

The public can now search for Bellevue Foreclosures online

Listings of Bellevue Foreclosures are now available on SeattleHome.com. Search all of the bank-owned homes in Bellevue - houses, townhomes, and condos.

Bank-owned homes are available on the NWMLS for agents to search, but the public end of the MLS listings doesn't allow for this search. We now have weekly updates of Bellevue bank-owned homes, all active MLS listings available for immediate purchase to the public.

Bellevue Bank-Owned Home Search

Lake Union, Wallingford Houseboats

Most Lake Union houseboats and floating homes are in the Eastlake and Portage Bay waterfront neighborhoods, but there is a large enclave on Northlake Way in Wallingford that is less well-known. This area of the lake has quick freeway access, open public parking for cars and boats, and great parks like Gasworks just steps away.

There are a handful of houseboats on the market right now in Wallingford's stretch of Lake Union. There have been just two sold so far this year, although summer is always the peak of houseboat buying season. The two sold so far are a two story house barge at $235,000, and a 48' vessel with two stories and a top deck. The vessel sold for $255,000.

Houseboats in Wallingford start at around $150,000 and quickly break above the $500,000 mark. There are such a variety of styles of live-aboards, from tiny towable barges to long, sea-faring vessels that you need to take a walk down the docks to understand the different lifestyles afforded by each type of home.

Lake Union floating homes

Wallingford Condos Sold, YTD 2009

Condos make up a low percentage of housing in the Wallingford neighborhood of Seattle, but those condominium buildings that do exist carry substantial price tags.

The median price for condos sold so far in 2009 in Wallingford was $265,000. This is a 1 bed, 1 bath condo of about 600 square feet. Marketing time for condos this year has been just over 2 months, at 65 days on market. Almost all of the condos sold in Wallingford sold between 30-90 days on the market this year.

Seattle - Wallingford Condos For Sale

Wallingford Neighborhood Home Sales, 2009 - Seattle Real Estate

There have been fifty-six single family homes sold in the Wallingford neighborhood of Seattle so far in 2009. Median home prices stayed above the half-million mark at $502,000. For most of Wallingford, this would be the price on a typical small- to mid-sized Craftsman house with two or three bedrooms and one bath.

While total sales numbers are down, length of time on the market isn't remarkably long. Right now, the median time to sell a single family home is 50 days in Wallingford. 44% of homes sold in less than one month, which is still a bright spot for this Seattle neighborhood. If a home is priced right in Wallingford, it still seems to move quickly.

Wallingford, Seattle Homes For Sale