October 2010 Real Estate: Green Lake vs Wallingford
Green Lake vs Wallingford
I was curious how many homes sold just for the month of October 2010 in Green vs Wallingford.
Let’s not beat around the bush: The Winner with 23 homes and/or condos sold: Green Lake wins, hands down. Wally’s 6 solds in October 2010 is a distant second. Why? For one reason (being a resident of Green Lake for over 15 years), it’s a bigger area. Another reason? The price tag is just a tad bit higher in Wallingford. Although with the way rates are going, it has definitely caused increase lending in both purchases and refinances.
Home SOLD prices in Green Lake look like this: 64 days on the market (not too bad for combining 23 listings including condos and towhomes!) and averaging about $10,000 less than list price, settling at $469,700. That’s about $240.00 per square foot for a 1,980 square foot house.
How does Wallingford shape up in comparison? Less homes sold, yes, but the median price for these homes (and only two condos) were higher at $490,000 Sellers, on average, received about $18,000 less than asking price. Again, this is another great example of how real estate is a moving target. With the average days on the market much longer than Green Lake homes at 235 days in Wallingford, sellers are holding out a little more in Wallyhood because they can. Smaller geographical area means the traditional supply and demand theory wins. Surprisingly, sold homes in Wallingford averaged a little smaller than Green Lake at 1,740 average square footage or $279.00 per square foot.
We hope this information finds your inquiry about October 2010 Real Estate Green Lake vs Wallingford worthy and helpful.
Until next time…you can check us out at www.cooperjacobs.com or www.seattleafloat.com for more articles and real estate news.
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