Phinney Ridge Housing Inventory Crunch

Phinney Ridge Homes For Sale –  Exclusive Inventory:   Low inventory is still the story in Seattle’s Phinney Ridge neighborhood.

Currently, according to the NWMLS, there are only five Phinney Ridge homes for sale (using the criteria area 705 and neighborhood Phinney Ridge) right now.  These homes range in price from $399,950 to $839,995 with a median list price of $499,950.  The average square footage on these is 2508 square feet.


There are 6 Pending Phinney Ridge Homes for sale that are in escrow.  This means they have not closed, but do have signed around contracts on them and have gotten past or never had an inspection contingency.  These Phinney Ridge homes range in price from $389,000 to $819,950 with a median Phinney Ridge list price of $619,475 and the average square footage is 1955 square feet.

In addition to the pending Phinney Ridge homes for sale, there is another home on Francis which is pending inspection.  It is listed for $479,900 and is 2230 square feet.

In the last month, 10 Phinney Ridge homes have closed in escrow.  These range in price from $300,000 to $867,500 with a median price of $590,000.   The average square footage on these homes was 2158  square feet.  you can see the full details for this Phinney Ridge Real Estate market update here:  Phinney Ridge Market Update 12202013

What does this data tell us? As with the rest of the year and in the early months of 2014, inventory is low and anyone interested in selling their Phinney Ridge home should reach out and please let us know how we can help.  We have Phinney Ridge buyers who are looking for homes and every home has its own unique qualities and attributes.  We are excited to learn about your property!   realestate@cooperjacobs.com