Aug. 17, 2009 - Greenlake Fremont Home Prices

Greenlake and Fremont Home Prices are down 20% to 25% under peak prices.

Because most of the price results whether you are looking in Greenlake or Fremont, Bellevue or Woodinville, are pretty much the same as to % down, posting them all gets redundant. The mortgage market has created a drop of about 20% under peak pricing, and the mortgage market affects all neighborhoods, cities and towns in the Seattle Area (and elsewhere).

There was a slight variance in single family homes and townhomes in 98103. Single family homes were down 24% and townhomes were down 20%. Not a significant difference and given the variety of home age and style outside of the townhome market, the difference could simply be about "newer" vs. "older". But worth noting.

One of the surprising differences was in volume of sales. The single family home market actually went up in volume this spring season from 137 sales to 140 sales. The townhome market in the same area dropped from 118 sales to 61 sales. Given more affordable homes on regular sized lots, more of those homes sold at the expense of the townhome market.

(NWMLS requires this disclosure: These stats are not compiled, verified or posted by The Northwest Multiple Listing Service.)

Aug. 18, 2009 - RE: Greenlake Fremont Home Prices

Since I was raised in Wallingford/GreenLake and my wife was raised in Fremont, this article is very interesting to me. These are the most typical of Seattle neighborhoods- even more so than Ballard.