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Ballard ranks in Redfin’s most competitive neighborhoods study

Posted by Danielle Anthony-Goodwin on December 29th, 2014

Our neighborhood has been ranked 26th in Redfin’s national most competitive neighborhoods study for 2014. The study examined the top 30 neighborhoods in the US where home buyers face the most competitive markets.

According to the study, Ballard saw 48.7% of homes sell above asking price this year and over 40% of the homes sold received multiple offers.

Check out Ballard’s official stats according to Redfin below:

  • Median Sale Price: $505,000
  • 2014 Price Growth: 12.5%
  • Homes sold: 620
  • Days on Market: 7
  • Multiple Offers: 43.9%
  • Average Number of Offers: 2.5
  • Sold Above Asking: 48.7%
  • All Cash Offers: 21.3%

Five other Seattle neighborhoods featured in the top 30 including Ravenna (#9), Wallingford (#15), Seward Park (#19), Education Hill in Redmond (#21) and Phinney Ridge (#28).

Click here to check out the entire study findings.

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5 reader comments so far ↓

  • 1 NoNIMBY // Dec 29, 2014 at 6:01 pm

    Ballard has one of the worst NIMBY mentalities in Seattle, every time construction is announced the residents lament.

    Build, build, build! Flood the market with supply so that I can afford something. “Condo” seems to be a trigger word for many Ballardites so I won’t specify; build anything!

  • 2 Ballardite // Dec 29, 2014 at 6:52 pm

    Are you waiting for condos to get cheaper? Cuz that’s not going to happen. We have a ton of supply right now. The sweet spot was about a year and a half ago, when the economy was still hurting from the recession, and places like the Hjarta had to drastically lower prices on their unsold units. I’m actually in favor of more density here (on major corridors, please) but we have a big problem already with not enough public transit, and that needs to be fixed before we add more housing.

  • 3 John Jo // Dec 30, 2014 at 4:42 am

    Brooklyn was crowded with a million people who struggled to get into NYC for work before they managed to get public support to fund a bridge.

    Transit options are never built first. They come after.

    With more density comes more complaining, and with more complaining comes elected officials who must do something to keep getting elected.

  • 4 Shinken1016 // Dec 30, 2014 at 11:56 am

    What exactly is it about Ballard that makes people buy half MILLION dollar shacks that are 100+ years old, have no yard, small rooms, no parking in an area that’s congested and has traffic issues, where views & privacy are suddenly gone by new build, where parking is becoming problematic, and where apparently plenty social issues abound? I once lived here but left 9 years ago – and I’m not trying for an argument (although this blog once had good back-n-forth going on) but am rather curious because even in 2005 Ballard wasn’t all that impressive to me, but rather a run-down soggy little Seattle neighborhood with a few pubs and hot-damn a new Fred Meyer.

  • 5 Skipspence // Dec 30, 2014 at 3:20 pm

    10 breweries, baby!

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