According to a report by Seattle Met, Ballard is Seattle’s hottest neighborhood for real estate. The article published earlier this month, refers to Ballard as “Stealth Urbanites” with Loyal Heights coming in a close second in the top ten.
The article makes mention of the explosion of the “nearly dozen” new condo and apartment buildings along Market and 15th.
“It’s time to retire the Ballard stereotype of strollers, starter homes, and backyard beehives because the condos have changed Ballard’s literal landscape, and its cultural reality,” writes Allecia Vermillion
Vermillion spoke to Redfin Real Estate agent Sabrina Booth who recently had one of her clients loose out on a one-bedroom condo listed for $289,000 after submitting a $300,000 cash offer. The successful offer was $305,000 with a waived inspection.
“There are more people wanting to purchase than there are available homes,” Booth told Seattle Met.
Despite the boom in the real estate market Booth told Seattle Met that the “madness hasn’t undercut the community feel that drew people here in the first place.”
“Urban people feel like they’re in a small town; they can support their local businesses and get to know their neighbors,” said Booth.
Check out the Ballard stats mentioned in the article below:
- 25% Owner Occupied
- Population: 7,718
- Walk Score: 91