Spring is just about here, which means for sale signs and open houses are on the increase as the real estate market enters its busiest time of the year. It’s shaping up to be a good one as the market continues to bounce back, especially in Seattle where the number of sales — and sales prices — continue to rise.
Starting today, Wedgwood View will chart our neighborhood market, offering a few benchmark numbers on a monthly basis. This information will come courtesy of Liz Nitz, a Windermere agent who knows both View Ridge (where she lives) and Wedgwood well.
February real estate wrapup
VIEW RIDGE
Homes sold: 1
Price: $825,000 (97.63 percent of asking price)
Pending sales: 5
Average days on market: 72
Home currently on market: 8
Median asking price: $708,500.
WEDGWOOD
Homes sold: 5
Median sales price: $445,000 (98.83 percent of asking price)
Pending sales: 9
Average days on market: 52
Homes currently on market: 26
Median asking price of: $459,000
Nitz says all indications point to a strong market. Wedgwood (100 percent) and View Ridge (20 percent) are up in year-to-date sales in 2010. Particularly interesting, says Nitz, will be View Ridge where there could be some “pent up demand.” View Ridge has only 8 homes on the market as of today compared to 25 at this time last year. Also, View Ridge has had some quick sales recently.
