Typically The Monthly Ballard Real Estate Summarize

Long time Ballard resident and native Real Estate Agent Sharon Giampietro will be discussing a write-up on My Ballard each month to maintain readers educated about the nearby real estate market. Giampietro comes from an extended line of real estate agents and has occupied Ballard with regard to 30 years. She is currently a Broker at Windermere Real Estate inside Greenwood.
Take a look at Giampietro's summarize of how Greater Ballard fared inĀ April under:
In early early spring the housing business traditionally views an influx of listings, and this 04 was no different. 224 brand new homes arrived on the market, defeating out March's number of 194. This upswing in inventory is made welcome by customers who are continue to looking for the right home inside our area.
In 155, April saw a tie with March for the number of homes sold. This puts our casing inventory around a 1. some month supply - much more than 03 but still the supply.
Regarding the increase in new residence construction? In the first some months regarding 2014 there were 110 brand new construction entries added to the inventory. To, for the same time frame last year, the quantity was fouthy-six. Home customers are starting to get more new construction selections, especially in the townhome style of residence.
In 04, the average selling price reached $533, 500, up coming from March's $525, 000. That March price was a slip from February's $531, 1000, but this particular month's figures don't demonstrate a continuing downwards price trend in our area. The average length of time on the market was 25 times in Apr, close to March's average regarding 26 days and nights. There are still numerous multiple gives and pre-inspections.
Additions to the particular condo supply have been up and down in the last few months with fifty nine coming on the market in March and forty nine in 04. The number of condos sold has been up coming from 34 within March in order to 45 within April, therefore fewer arrived on this calendar month than previous, but more marketed.
At the same time, the standard condo cost has been flowing down - coming from $347, 500 in Jan, to $315, 000 within February and $286, 1000 in Mar and now $266, 000 within April. As more new building condos become available (we can easily see the indicators for these brand new condo processes in the the downtown area Ballard area) we can expect a rise in condo prices.
Inside April about 6% of "solds" (homes and condos) were hardship deals or financial institution owned, upward a bit from last month.
Scientific studies by the National Association of Homebuilders display that lower energy bills are essential to property owners. If you are interested in saving some funds on your house energy use, look at Sustainable Ballard B-Green Constructing Talks. (www.sustainableballard.org). These speaks are held in the homes of our neighbours who have retrofitted their residences for much better energy effectiveness.
Greater Ballard is Greenwood, Green Pond, Wallingford and other close by neighborhoods identified as "705" in the NWMLS. All home and condominium numbers usually are rounded to the nearest 1000 and unless noted is not packed with new construction. Statistics not necessarily compiled or perhaps published from the Northwest Multiple Listing Service. Apartment data from Dupre + Scott Apartment Growth Report.