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!

Affordable Greenlake/Ravenna/U District Location!

Location-Location! Check out this charming 2 bedroom home in Ravenna with covered front porch, OWC and hardwood floors, unfinished basement and attic. Newer vinyl siding, gas furnace and roof. Kitchen has been remodeled. Very tastefully decorated. You will love the fenced garden retreat with koi pond and raised garden beds in the back yard. Extra off street parking fenced, behind the house. Walking distance to the University of Washington and to Greenlake. A great neighborhood! Location is north of 45th and south of 65th Streets, east of Interstate 5.

Tax Assessed (2009): $328,000
Zillow Zestimate: $347,000 ($308,000-375,000)

Comps:
1209 NE 56th St Sold 2/19/2010 $380,000 3BR/1BA 1100sf 0.30mi from subj property

810 NE Ravenna Blvd Sold 1/29/2010 $309,000 2BR/1BA 1000sf 0.37mi fr subj property

5016 Keystone Pl N Sold 1/06/2010 $494,900 2BR/1BA 1010sf 0.48mi fr subj property

Lots of recent updates completed. Needs about $10,000 worth of improvements--replacing bedroom carpets, replace tub surround, minor touch-up painting or repair, remove popcorn ceilings, level southwest corner of living room.

If interested, please email me at:
HomeLandInvestment@gmail.com