Hottest Seattle Neighborhoods

In an earlier blog post, I wrote about the hottest Seattle neighborhoods in the 98115 zip code. In terms of actual turnover rate, none of these neighborhoods approaches the desired rate of 10% or greater annual turnover, in terms of sales.

Let's look at each of the three neighborhoods of Maple Leaf, Ravenna, and Wedgewood. Maple Leaf is currently averaging a turnover rate of 4.65% in 2014 year-to-date with 106 sales; Ravenna is at 4.87% with 80 sales; and Wedgewood is at 5.24% with 87 sales. Yearly turnover rates vary from a low of 3.23% (Ravenna) during the economic downturn to a high of 7.54% (Maple Leaf) during the recovery in 2013.

If any of my readers have stats on Seattle neighborhoods with higher rates of turnover, in terms of annual house sales, please feel free to post a comment here.

Happy Investing!

Best Seattle Neighborhood for Investment?

Of the ten neighborhoods Redfin has declared as the hottest markets in the nation, one is Seattle's Roosevelt neighborhood. Redfin looked across several housing metrics and compared them with the previous year's data. Those metrics include median sale price, price per square foot, number of homes sold, how fast homes sold, and the percentage of homes that sold above list price. The neighborhoods that made the top 10 are mostly adjacent to other highly sought after neighborhoods that have become difficult to get into because of high prices and few homes for sale.

Seattle's Roosevelt Neighborhood
Median List Price: $544,975

What makes Roosevelt so hot is a great location with easy access to Interstate 5, parks and nearby shops and restaurants. The neighborhood is slated for public transportation improvements, such as a planned light rail station that will go through the heart of the community. Roosevelt is also more affordable than adjacent neighborhoods such as Green Lake and Ravenna, but it offers quick access to amenities in those communities.

According to Wikipedia, the boundaries of the Roosevelt neighborhood are Interstate 5 to the west; NE Ravenna Boulevard and NE 60th Street to the south; 15th Avenue NE to the east; and Lake City Way (SR 522) to the north.

So investors, take a look in North Seattle, and Roosevelt in particular, when searching for Seattle's hottest neighborhoods. For a free list of three bedroom homes for sale in Roosevelt under the median list price, please message Wendy Ceccherelli at HomeLandInvestment@gmail.com or call our 24/7 recorded hotline at 888-621-4999.

Happy Investing!