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Windermere Real Estate in Seattle


Bidding Wars

Posted on July 5, 2014
With multiple offers and bidding wars becoming the norm for well maintained homes in the 'hot' close-in urban village neighborhoods of Seattle, here is a revealing look at which of these neighborhoods command the highest premium.
 
Listed below are the neighborhoods which have the highest percentage of homes that sold above the list price along with the median sales price:
 
1.    Whittier Heights (70%, $550,000)
2.    Ravenna  (61%, $631,000)
3.    Laurelhurst  (55%, $1,040,000)
4.    Upper Rainier Beach  (53%, $262,000)
5.    Wedgewood  (53%, $537,000)
6.    Bryant  (53%, $497,000)
7.    Sunset Hill  (52%, $651,000)
8.    Broadview  (52%, $421,000)
9.    Wallingford  (51%, $606,000)
10.  Roosevelt  (50%, $529,000) 
 
And here are those with the lowest percentage that sold above list price:
 
1.    Rainier View  (7%, $227,000)
2.    Pike Place  (9%, $740,000)
3.    Gatewood  (16%, $404,000)
4.    First Hill  (17%, $327,000)
5.    Leschi  (17%, $565,000)
6.    Belltown  (19%, $467,000)
7.    Downtown  (19%, $432,000)
8.    Bitter Lake  (21%, $328,000)
9.    Denny Triangle  (21%, $462,000)
10.  Lakeridge  (21%, $291,000)
 
(Courtesy:  Northwest Real Estate News) 
 

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