Seattle Real Estate || Bellevue Homes for Sale || Shoreline Homes || Bothell Houses || Kenmore Realtor || Shoreline Condos - Rob Graham Real Estate

National statistics are fun and interesting but they really don't mean squat when it comes to your home. What you want to know if how your specific neighborhood is fairing in the current market. Each week I plan on featuring a specific neighborhood to show how it is holding up in today's real estate climate. This week, Wedgwood. Not only because Wedgwood is where my office is located, but also because NE Seattle has fared much better then other areas of the city. Here are the stats on Wedgwood:

Active homes for Sale 29

Pending Homes 19 (currently under contract but not yet closed)

Sold homes 90 (last 6 months)

Almost exactly 2 months of inventory on the market isn't bad at all. Much of Seattle has seen inventory numbers as high as 7-8 months in recent years. 2 months is a strong market and suggests that

Wedgwood Average Days on Market:

Active Homes 80

Pending Homes 117

Sold Homes 85

Interesting that the Pending homes are currently a much longer days on market time then either the sold or active homes. For many months the trend has been that the sold homes had a much shorter time on market. Buyers were being very picky and only picking up the bargains when they first came on the market. This trend seems to be turning and buyers are once again willing to make offers on older inventory if the price is right.

Wedgwood Average Home Price:

Active Homes $385,000

Pending Homes $414,419

Sold Homes $405,000

Again an interesting trend. Pending sales suggest that buyers are again nibbling at the higher priced inventory and not just bottom feeding as they had been.

The market currently is showing two distinct trends. Good homes priced well are moving fast. Homes that have flaws or are overpriced are not getting offers. We are in an interesting time of year however. Spring is an active time for real estate in Seattle. Lets hope the trend continues.