Northeast Seattle Real Estate-Tale of two different markets
Northeast Seattle’s neighborhoods experienced much of its growth in the 1940-1960s as the city limits started to push both the south and north boundaries further from the city’s core. Much of northeast Seattle is very walkable and very well designed leaving many wooded areas while the areas around them were being developed. The neighborhoods, almost always, were developed around a “playfield” or a family gathering place. Northeast Seattle’s neighborhoods; Maple Leaf, Pinehurst, Jackson Park, Lake City, Victory Heights, Cedar Park, and Meadowbrook all have residents with strong social and community ties.
Real Estate Trends
The inventory levels of both the upper and lower tiered homes is amazingly similar, they both had high inventory levels starting the new year (2011) and then bottoming out in May followed by increased inventory levels during the beginning of summer before trending to a new bottom in September.
Homes in the lower tiered price range starting trending downward in August and have continued this direction while the upper priced homes (over $530,000) have continued to trend upward from early September into December of 2011.