Seattle Zip Code 98125 -Northeast Seattle Upper Price Tier
Seattle Zip Code 98125 -Northeast Seattle Lower Price Tier
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 as of January 23, 2012
Inventory and prices for lower tier homes in Northeast Seattle continue to trend downward. Price for homes under $249K have continued to slide in value since July of 2011, even with inventory shrinking price levels keep going down. Unlike the upper tier market in Northeast Seattle which reacting like a normal marketplace should.
Upper tier home sales, homes over $530k, in Northeast Seattle started to see closed sales prices trending higher beginning in September of 2011 where the median sales price was $530k trending upward to slightly over $557k. Inventory levels have continued to slide from a brief leveling off in November of 2011 to where they are currently at the 12 month lows.
Typically we start to see inventory start to pick up slightly by the end of January through May.
Search available homes for sale in northeast Seattle.
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