June proved to be a better month than April or May. Four properties have moved into the under contract category. It is nice to see life on this front. Several other properties have new and lower prices. There are buyers in the market, but they are being very selective. There is no pressure on them. There is no tax credit to race for. The only reason they might have to act now is the prevalence of low interest rates. We haven't seen rates at 4.5% since the 1950's. To try and relate interest rate to home value...a 1% increase in...
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Results tagged “Ravenna Park” from Ravenna Park - North
All are invited to come help spread the chips that have been delivered. First some weeds and a small amount of ivy need to be removed. Rakes, shovels, pitchforks, wheel barrows and hand tools will be helpful. The sun will be out. If you can't do such work but can provide coffee, cookies, lemonade, etc. credit will be earned just like those in the dirt. Sure, you want to work in your own yard if it's nice out, but give us an hour. It will make you feel good all weekend. Thanks. ...
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May was a slow month again, but there are very few homes on the market right now in our little neighborhood. The home on 25th Ave NE that was pending inspection is now back on the market. The home at 6326 14th Ave NE did close and it sold for $575,000. That one was on a long time. A few others in the area have had price reductions. If sellers want to sell they need to be realistic about where the market is right now. Even though interest rates are at record lows and home prices have come down,...
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Many Hands Make Light Work Saturday was a beautiful day and a good day to move dirt. Mark, Sue, Mark , Rajan, Mike, JoElla, Joe, Glenn, and a couple of others I didn't recognize made it to the Naomi traffic circle project to move 2+ yards of black dirt from Patrick and Laura's place to the circle. What might have been a long job for a couple of people was finished in an hour. More importantly, we are finally getting some credits tallied up for the grant a few worked so hard to acquire for this project over the winter....
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Well, things had to be better than last month. The brick tudor on Twin Maple Lane got another offer and then quickly closed. One of the vacant lots is sold subject to a feasibility study. A house on 14th Ave NE is now sold pending. There was a lot of activity nationwide this week as the $8,000 tax credit to first time buyers and the $6,500 tax credit to some move up buyers draws to a close. Now that the government incentive is over many of us are wondering what's in store for the market in the days to come....
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The Friends of Ravenna Ravine are having their usual 2nd Saturday work party from 10:00-12:30 Saturday April 10th. If you can help out, it would surely be appreciated. The weather looks sunny but the work could possibly be muddy. George says, "We will continue removing blackberry and ivy up the road from the kiosk beyond where the tributary stream comes in from the north. Much of the area we want to clear is very muddy, if you can bring rubber boots it would help us get into difficult areas. If you don't have rubber boots, or just don't like that sort of...
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Looking back at the month of March, there is little to report concerning our Ravenna Park real estate activity. The home on Twin Maple Lane received an offer and the property was sold subject to an inspection. But ten days later the property is back on the market for the same price. What happened is between the seller, the would be buyer and their agents. Something wrong that the seller wouldn't fix? Buyer didn't actually qualify? It's always hard to tell. So, the chart looks just the same. But otherwise, there is a great profusion of blooming plants in the...
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Have fun with your yard. Make it more beautiful and enhance the value. Your nearby garden supply center has answers for all of your questions. Don't live any longer in a home with no trees in the yard. Plant one today.
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Sunday, about a half dozen neighborhood enthusiasts arrived with rakes, picks, shovels, bars and pruning shears in hand to continue the work on the large traffic circle at the juncture of 17th Ave, 63rd St and Naomi Place in Seattle's northeast section. Work began last fall with removal of the ivy that had overgrown the small island. Some of the roots were removed then but much work remained. Bark was hauled in and spread over the areas that were completed and a few ferns, and some daffodils were planted then and look to be doing well. Today was the...
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Inventory is building this Spring in Ravenna Park. A well known builder has decided to put 3 lots on the market instead of building spec homes. A few other homes have been on the market for a long time. On 21st Ave NE two homes came on recently priced in the $600,000s. One sold quickly and the other was reduced to $599,950. The home at 6330 17th Ave NE, originally priced at $725,000 finally sold after 186 days on the market for $576,000. But the home on Naomi sold with only 23 days market time for $700,000. The issue here is pricing. Many...
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Plenty to do this weekend in Ravenna Park. Join the Friends of Ravenna Ravine from 10:30-12:30 on Saturday to work along the stream north of the ball field...southeast corner of the park. There is neighborhood work going on in the circle at the intersection of Naomi, 17th and 63rd. Just about anytime Saturday and Sunday. Roll up the ivy and get ready to plant native species. There will be a meeting on Saturday October 17, from 10-1 p.m. to begin planning for a Community Garden at Ravenna Eckstein, on the north end of the upper field. This is the...
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There may be plenty of activity in the first time buyer market with the end of the $8,000 tax credit offer drawing to a close on December 1, 2009, but all of that activity hasn't influenced the market in Ravenna Park. At present we have seven active listings in the neighborhood and most of them have seen at least one price reduction over the past few months. One property on 20th Ave NE was sold subject to inspection but is now back on the market. A home on Twin Maple Lane is now off market unsold. Two sales did close. The duplex...
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The half year report for Ravenna Park once again looks as healthy as ever. Currently there are 5 active listings and 4 properties under contract. The two most expensive properties sold quickly; an indication that there are buyers for great homes in desirable neighborhoods. A couple of homes hoping to take advantage of those sales seem to be priced a little high as they border an arterial. Time will tell if they have to reduce their prices. Speaking of reduced prices, the duplex over on twelfth has just dropped to $479,000. It's been on the market about 9 months...
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One of the pending sales from last month, the home on 22nd Ave NE closed at $65,000 below list price. But several homes which have come on the market over the past two months are now sold pending. Two new listings priced at $875,000 and $788,000 have come on during the last week, which to me shows a confidence that the market in our area has regained some health. You can click the link at the top of the page for details. All across Seattle we have seen many sales, especially on homes that are new on market. Will bankruptcies like...
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