A very favorite kind of home in Ballard are these classic Brick Tudors. I have been collecting photos of some of them around the neighborhood, and here is a photo album of some of the variations. Their popularity is once again attested to in that one of these came on the market a block from my house in Loyal Heights last month and sold within a week. Some people are just waiting … and may wait years … for the right Brick Tudor to come along.
By the way, to see a nice large photo of any of these, so the detail stands out, click on the thumbnail in the album. A medium sized photo will come up on your screen. If you click on that one, an even larger version will appear! Go figure.
A discussion of Ballard Residential Real Estate (more commonly known as Ballard Homes for Sale!) would not really be complete without talking a little about the values right now in the homes on the market. Just to get an idea of when would be the best time to buy a home in Ballard, we can compare this year’s statistics to last year. In April of this year, in Ballard home values were up 12.6% from the month before (March). But home values in Ballard are down 34% from April 2010. Does that mean the bottom has been hit and we are going back up? Probably yes! We are not likely to start back down in the fall, although we might see a little drop in the winter months, it is more likely that values will hold. So, if you were waiting for the bottom, it has passed you. The good news if you are a buyer is that prices are still down in Ballard from what they were 4 years ago or even a year ago, and it’s still a great time to buy, especially as interest rates are holding on low for the moment but expected to go up.
Another equally cheerful note, this one for Ballard homeowners who are worried about their property value, is the following statistic: 26% more homes sold in Ballard in April than in March. The median sold price rose almost 10%, to $415,000 (and 6.5% from the previous April). And the sales price was an average of 97.8% of the last listed price! Which means if your home is priced at $500,000 you can hope to sell it at a price around $489,000 (with luck and good management, remember pricing it right, cleaning and setting it up to look good, and making it easily accessible for the Buyer’s Agents to show will get you the farthest…long times on the market are often less to do with the true desirability of the home than how well it’s priced and presented).