new construction 3/2 Ballard townhomes break $400K barrier
Price on this listing just dropped $25K, making this the first brand new 3+BR, 2+BA townhome I've seen in Ballard for under $400K.
http://www.redfin.com/stingray/do/print ... -id=542367
There's tons of inventory just like this already on the market: a Redfin search for 3+/2+ homes between 1250 and 1750 sq ft built in 2007 shows 22 units (not all of them completed yet) in Ballard, with prices from (now) $399,000 to $469,000.
I think this class of home is interesting to study since the product is so uniform: new construction, hardwood floors, granite, stainless steel are all standard features. I'm pretty sure I remember seeing townhomes of this ilk priced at (and perhaps selling for?) the $525,000 range earlier this year, which if accurate means we're already over 20% down from peak prices (A similar unit on Phinney is still priced at $549,000). If anyone can point me to some historical sales I'll try to pull together a "Ballard 3/2 Townhome" index.
http://www.redfin.com/stingray/do/print ... -id=542367
There's tons of inventory just like this already on the market: a Redfin search for 3+/2+ homes between 1250 and 1750 sq ft built in 2007 shows 22 units (not all of them completed yet) in Ballard, with prices from (now) $399,000 to $469,000.
I think this class of home is interesting to study since the product is so uniform: new construction, hardwood floors, granite, stainless steel are all standard features. I'm pretty sure I remember seeing townhomes of this ilk priced at (and perhaps selling for?) the $525,000 range earlier this year, which if accurate means we're already over 20% down from peak prices (A similar unit on Phinney is still priced at $549,000). If anyone can point me to some historical sales I'll try to pull together a "Ballard 3/2 Townhome" index.
Comments
http://www.redfin.com/stingray/do/print ... -id=987434
And here's a 2004 vintage (no prior sale price listed) that has one of the best Realtor-isms I've seen in a while: "Like new construction but better!" (There's larger, brand new homes going for less right across the street)
http://www.redfin.com/stingray/do/print ... id=1191590
Easy to do - just open the "search listings" panel on Redfin and add "Past Sales" for the last year. Probably choose "new construction" too
Sold units will show up as grey, on the market as green.
Here's a search over the townhouse ghetto along Market Street that should narrow it down greatly
Redfin Search
They're dissing your hood!