We just got an interesting look at a huge spreadsheet of data from the folks over at Redfin, detailing the state of the regional real estate market. Here’s a few numbers to chew on:
|Median List||Median Sale||Median Sale
Change from Last Mo
Change from Last Yr
$ / Sq Ft
- There is an apparently mistaken belief that Green Lake real estate is worth more than Wallingford real estate (to the point where realtors will often list properties as far south as 50th as “Green Lake”). That seems to not be the case lately, at least. Compared to Wallingford, Green Lake is cheap (but lovely) place to live.
- Despite the higher overall sale prices on Capitol Hill ($785K v $600K), Wallingford is still a more expensive place to buy, sq ft for sq ft. Houses are just bigger on the Hill.
- In fact, Wallingford is one of the most expensive neighborhoods to buy in the city, with only a small handful of rivals (e.g., Madison Park at $433 / sq ft, Laurelhurst at $450 / sq ft).
We pedaled by an open house this past weekend that our friend Derek was holding at 107 NE 54th St, just across from the McDonald School and couldn’t believe it was still on the market. The numbers above confirmed what we thought: it’s a bargain at $499K (or $259 / sq ft, virtually Columbia City prices).
Beautifully remodeled by the architect-owner, quiet street, south facing yard, we’ve got to bet it won’t be available much longer. (Yes, he’s a friend, no, he didn’t pay us to say any of this, here’s a link to the listing if you’re interested, and he’s holding an open house Sat / Sun, 1 – 4 pm this weekend.)
Or, if you’re looking for pure rock-bottom, according to RedFin, the cheapest house on the market in Wallingford right now is 5219 Wallingford Ave, at $379,000 and $225 / sq ft.