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Ballard Seattle real estate

Ballard Seattle houses for sale

Houses for sale in Ballard Seattle.

Looking to buy a house in Ballard Seattle? Here's a complete list of all the houses that are currently listed for sale in Ballard WA.  You can also view ALL types of homes for sale in Ballard Seattle. Happy browsing and let me know if you have any questions or would like to view any of these homes.

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List of all open houses in Ballard Seattle

Want to go see some real estate listings in Ballard Seattle without your Realtor? Well, here's a list of the current open houses for the Ballard neighborhood. The list includes Ballard condos, townhomes, and houses.

Note that "public open houses" are usually held on Saturdays and Sundays but for new listings, there is usually an additional "Brokers Open" on Wednesdays. Brokers opens are also open to the public and will be included in this list so keep an eye out for mid-week Ballard open houses. Have fun out there!

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How much are HOA dues for Ballard Seattle Condos?

And what's included in Ballard condo HOA dues?

The Ballard neighborhood in Seattle has lots of different condo styles. From modern construction with the latest bells and whistles to funky older buildings that Don Draper would feel right at home in, and from large units with expansive views of the Puget Sound to small condos on busy roads. 

But one thing they all have in common is that they ALL pay monthly Home Owner Association (HOA) dues. 

Compared to buying a house, when buying a Ballard condo, or any condo for that matter, you need to do some additional research. Here's a post I previously wrote on The 9 Critical Questions to Ask When Buying a Condo. It's too late to ask after you've closed on the home!

And one of those questions is: "How much are the HOA dues and what do they cover?"

As you will see below, there's a lot of variation in what you might pay from one condo development to another. When looking at condos for sale in Ballard Seattle and calculating your potential monthly mortgage payments make sure to allow for HOA dues.

Here are some numbers on HOA dues for Ballard Seattle condos.

I looked at HOA dues for condos that were either currently for sale, pending or had sold over the past 2 months in the Ballard neighborhood as of the first week of October 2018. I looked at dues for both 1-bedroom and 2-bedroom condos. 

For each, I calculated the average monthly HOA dues and the range (low and high). All data were obtained from the NWMLS. There were 28 one-bedroom and 24 two-bedroom units.

HOA dues for Ballard Seattle condos...

Ballard Seattle real estate 2007 versus 2017

How does the current Ballard Seattle real estate market compare to the 2007 bubble market?

Around 10 years ago in 2007, the US real estate market began to implode and dragged Seattle along with it. The Seattle market was one of the last major cities to be affected and one of the first to emerge from the bottom of the market in 2012.

Today, the Ballard and Seattle real estate markets are booming, with Seattle consistently being at, or near, the top of US cities for home price increases.

Ballard Seattle is a sought after neighborhood by many home buyers. Ballard has it all! Just like all Seattle neighborhoods, Ballard Seattle homes for sale are attracting multiple offers and about 50% of Ballard homes selling for above list price.

So how does Ballard Seattle real estate in 2018 compare to the last price surge in 2007?

I looked at the following real estate statistics for between 2005 and 2017.

  1. Median sale price.
  2. Number of months of inventory.
  3. Ratio of the sale price to the list price.
  4. The number of homes for sale compared to the number of sold homes.

All data was taken from the North West Multiple Listing Service (NWMLS). Note that MLS data only goes back to 2005, no data is available for the years prior to that.

Ballard Seattle homes for sale price trend.

The graph below shows how the Ballard real estate market peaked in 2007 with a median sale price of $490,000 and subsequently dropped by 19% to $398,000 by early 2012. 

Ballard Seattle real estate price trend 2007 to 2017...

Percentage Of Ballard homes Selling Over List Price?

How competitive is Ballard in Seattle for single Family homes and condos?

In the current strong sellers' real estate market, home buyers are having to compete to buy a home.  The housing inventory is, and has been for a few years, acutely low. Home buyers will probably feel like every home is getting multiple offers and  selling for well above list price. Some buyers will give up trying to buy a home and  feel like they will never get  their foot in the home ownership door.

Are all homes for sale in Ballard Seattle WA really selling for above list price with multiple offers?

So, what is the reality of the current Ballard Seattle WA real estate market?

I looked at sale statistics for Ballard single family homes (houses and townhomes) and condos that sold over the 3 month period up to the middle of January 2018.

All data was pulled from the Northwest Multiple Listing Service (NWMLS). Data was combined for the area covering Ballard, Loyal Heights, Sunset Hill and Whittier Heights neighborhoods.

Note that is the middle of winter when the market is usually "slower" than the spring and summer months.  In this market, slower is a relative term.

Ballard single-family homes:

I looked at the sales of single-family homes in 3 different price ranges:

  1. Less than $750,000
  2. Between $750,000 and $1,000,000
  3. Above $1,000,000

The percentage of homes that sold for above, below and for list price for the 3 different price ranges is shown below:

Ballard Seattle real estate

When you look at the ratio of the sale price to the list price...

How Ballard Seattle home prices vary by sub-neighborhood.

Homes for sale in Ballard Seattle are a popular option with many homeBallard Seattle home prices buyers. Ballard is a great, self-contained neighborhood with lots to keep you occupied but also a quick hop to downtown Seattle.

Home buyers often inquire as to how Ballard Seattle home prices vary in different parts of the neighborhood. The Ballard neighborhood Seattle, or let's say the "greater Ballard area" starts with Whittier Heights to the east and extends to the appropriately named Sunset Hill area to the west, with Loyal Heights in between.

do Ballard Seattle homes prices increase as you move closer to the water? 

I looked at home sales in the following 4 sections of Ballard (see map below):

  1. Between 8th and 15th Ave NW (includes Whittier Heights area).
  2. Between 15th and 24th Ave NW and NW 85th Street. 
  3. Between 24th and 32nd Ave NW (includes Loyal Heights homes).
  4. West of 32nd Ave NW (Sunset Hill area).

All section were bordered by NW 85th Street to the north and NW Market Street to the south. The 4 sections were chosen based on the main north-south arterial roads through the Ballard neighborhood Seattle.

I looked at the sale of all Ballard single family homes (houses and townhomes). The data does not include condos. I looked at homes that sold over the 6 month period from July through December 2017. All data were extracted from the NWMLS.

Ballard Seattle homes for sale prices...