News blog for Seattle's Maple Leaf neighborhood

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Maple Leaf home prices rise in June

Posted by Mai Ling on July 15th, 2010

We’ve got both good and bad news for Maple Leaf homeowners who are in a selling kind of mood.

According to Redfin’s monthly report, the median price paid for a home sold in Maple Leaf in June rose to $392,000, a 3.7% increase from the median of $378,000 the previous month, and a 4.5% increase from the median of $375,000 from June 2009.

However, the inventory of homes for sale in the neighborhood also grew, which could put sellers at a disadvantage at the negotiating table.

The number of homes for sale in Maple Leaf grew 12.5% in June to 54, compared with 48 homes listed both the previous month and in June 2009, while the number of homes sold in June plummeted 42.1% as only 11 homes were sold, compared with 19 in May.

But our neighborhood isn’t alone as it struggles to regain its footing without the benefit of the first-time home buyer tax credit and other incentives that have helped spur the national real-estate market.

Our neighbors Ravenna and Green Lake also posted month-over-month sales declines of 66.7% and 44.4%, respectively.



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