Ravenna neighborhood among nation’s most competitive for buyers
Dec 26, 2014, 10:24 AM | Updated: Oct 10, 2024, 2:03 pm
Seattle's Ravenna neighborhood ranked No. 9 in the nation as the most competitive place to buy a home in 2014, according to a survey by Redfin, a real estate brokerage. (MyNorthwest.com Photo/File)
(MyNorthwest.com Photo/File)
Seattle’s Ravenna neighborhood ranked No. 9 in the nation as the most competitive place to buy a home in 2014, according to a survey by Redfin, a real estate brokerage.
Ravenna’s median sales price was $582,500, up 11.4 percent over 2013. Of the homes sold there, 62.9 percent had multiple offers and 57.3 percent sold for more than the listing price.
Seattle-based Redfin pulled data from its real estate professionals across the country as well as 2014 sales transactions from multiple listing services to rank the most competitive neighborhoods.
1. Sunset District (San Francisco) – Median sales price: $955,000. 2014 price growth: 12.5%. Multiple offers: 54.2%. Sold above asking price: 87.9%
2. Castro (San Francisco) – Median sales price: $1,294,500. 2014 price growth: 7.9%. Multiple offers: 52.9% Sold above asking price: 84.6%.
3. Bernal Heights (San Francisco) – Median sales price: $1,050,000. 2014 price growth: 13.5%. Multiple offers: 58.1%. Sold above asking price: 78.1%.
4. Jamaica Plain (Boston) – Median sales price: $457,000. 2014 price growth: 8.8%. Multiple offers: 72.9%. Sold above asking price: 60.9%.
5. Silver Lake (Los Angeles) – Median sales price: $822,000. 2014 price growth: 14.2%. Multiple offers: 71.9%. Sold above asking price: 55.6%.
6. Almaden Valley (San Jose) – Median sales price: $1,080,000. 2014 price growth: 15.1%. Multiple offers: 56.7%. Sold above asking price: 65.7%.
7. Ardenwood (Oakland) – Median sales price: $780,000. 2014 price growth: 11.3%. Multiple offers: 44.7%. Sold above asking price: 75.7%.
8. Cambrian Park (San Jose) – Median sales price: $812,000. 2014 price growth: 11.1%. Multiple offers: 52.5%. Sold above asking price: 67.9%.
9. Ravenna (Seattle) – Median sales price: $582,500. 2014 price growth: 11.5%. Multiple offers: 62.9%. Sold above asking price: 57.3%.
10. Allston/Brighton (Boston) – Median sales price: $336,225. 2014 price growth: 8.5%. Multiple offers: 70%. Sold above asking price: 49.5%
