4606 SW Monroe Street, Seattle WA 98136
Sold in 10 days at $709,000
This spectacular West Seattle home combines the flair of a northwest contemporary and the timeless style of a classic craftsman. Truly one of a kind! Local, owner/builder home exemplifies quality rarely found! Fantastic offering w/premium finishes and mechanics that will stand the test of time. Read More
Our goal at West Seattle Realty is to provide local real estate market updates on a monthly basis. I just reviewed the West Seattle real estate market stats for October 2011 and how they compared to October 2010. These statistics are provided by the Northwest Multiple Listing service on a monthly basis. I find the numbers very interesting. The statistics illustrate increased sales activity and fewer homes for sale in West Seattle.
As of November 1, 2011 we had a total of 501 residential units on the market as compared to 720 from the same date a year ago. This represents a 30% reduction in inventory from the previous year. Pending sales for October 2011 rose 7% from the previous year and closed sales increased from 88 units to 119 closed units for a 26% increase.
In my opinion, the current market is beneficial for the move up buyer. If you need a larger home or desire a change in location, consider returning to the market. Selling your home will be less challenging and your price is improving.
The current market conditions are favorable for the move-up segment to list and sell their home and purchase a more suitable property. I think it is safe to say, “we all would like to take advantage of the historical low interest rates.” It is a great time to pursue the move up purchase. Always feel free to contact your local real estate expert at West Seattle Realty.
Questions or comments always welcome. Shelby W.
Welcome to the West Seattle Realty blog. This is the place for the latest West Seattle real estate news and what’s happening in our community. I want to thank you for visiting WSR’s new website and make public my gratitude to our web team for all their hard work. The theme of the new site is all about West Seattle and the uniqueness of our wonderful community. Please make sure to check out the site’s community page and the local spots that are highlighted throughout the site. I will also be announcing new listings and publishing monthly market updates on the blog. So stay tuned, comments and questions always welcome. Shelby W.
Bedrooms: 3
Square Feet: 2230
Neighborhood: Belvidere
Status: Sold in 35 days
Beloved by all who’ve tapped this journalistic jewel box, the West Seattle Blog connects us powerfully to the issues of the day. Tracy Record and her husband, Patrick Sand, started the news site in 2005 as a community service. It’s grown like crazy since then. Find out what’s happening right now.