Ballard ranks in Redfin’s most competitive neighborhoods study

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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