Ballard. Thinking about Seattle as a whole it seems like Ballard is a neighborhood. But when you really start considering Ballard, there are actually lots of little neighborhoods, and what I think of as 4 main sections. Also, it really depends if you are looking at condos or single family homes (and there are some good small multifamilies too, suitable for an owner-occupied rental situation, live in one and rent out the other duplex etc.).
There are three large new condo projects going up in the very popular “walkable” neighborhood centered around NW Market Street, and the condo situation will be the subject of a future blog. But for now, let’s look at single family homes and include townhouses, which are a great alternative to a home with a yard if you are trying to keep your price under $400,000.
Of course, there’s not a lot out there, we are seeing multiple offers and rising prices. Yet, with the Fed potentially slowing down the support they’ve been pumping into the housing market, interest rates may rise, causing another slowing of the sales situation and the rising values. As of now, if you are looking for a nice home in Ballard, you’d better be ready to act quickly when you see it, or you may not get a chance to compete.
I just looked at the area west of 15th Ave NW and below NW 85th Street (NW 85th is where the cutoff for Ballard High is). There are 20 active listings right now, starting with a little one bedroom under 500 square feet for $260,000 and at the high end a contemporary 1.1 million view home in Sunset Hill that’s over 4,000 square feet.
Here are those 20 listings:
Click the following URL to see the Listings: