Phinney Ridge Homes: Guess How Many Offers

Phinney Ridge Real Estate Bidding War Galore

Phinney Ridge homes in Seattle are hard to come by as any buyer looking in the Seattle neighborhood knows. There are bidding wars on Seattle homes in many of the hot neighborhoods including Phinney Ridge.

Looking at this Phinney Ridge Listing from the NWMLS listing data:

“Prime upper Phinney Ridge real estate! Sunny east facing 4 bedroom 2 bathroom craftsman ready for renovation. Nice entry space transitions to open living/dining room & nine foot ceilings. Large open attic with seven foot ceilings and views! Lower level has good ceiling height,an over-sized family room,2 beds and 1 full bath. An easy stroll to the Zoo,local,eateries,breweries,coffee shops of Phinney Ridge,Fremont & Ballard. Detached 1 car garage has private driveway. Easy commute to downtown.”

Cooper Jacobs Real Estate was able to sell this Phinney Ridge home located at 4806 1st Ave NW in Seattle, WA 98107. This Phinney Ridge buyer is THANKFUL this holiday season because she beat out 16 other offers.  Yes.  There were 17 offers on this Phinney Ridge home for sale. Curious about how to beat 16 other Phinney Ridge buyers in a bidding war? We have been in the trenches for a while in the Seattle real estate market and are able to offer you the tips on winning in a bidding war for a house if that is your goal.

It is interesting when you have a Seattle listing in a neighborhood where you know you are going to get multiple offers. We aren’t pricing these homes too low as some believe. There just aren’t enough of them relative to the buyers in the marketplace. Some sellers have gotten greedy under these circumstances, but most remain fair and reasonable. We have seen some take the “better” offer instead of just the “highest” offer. This is always the best course of action when it comes to the most likely way to close the property successfully. So how do you become the “better” offer when you may not necessarily have enough money or means to be the highest one? That is exactly where we come in as she has demonstrated time and time again.  *We represented the Phinney Ridge buyer in this transaction.

Hiring a Professional Buyers Agent who can get your offer in front of the pack:

We can go through the tools you will need in your arsenal to purchase a home in a seller’s market. We also happen to have brokers who are extremely personable and well liked in the industry (insider tip: if the listing agent doesn’t like your buyers agent or your buyers agent has a reputation for being difficult to work with then it will translate to it being more difficult for you to purchase a home).  We can’t stress enough how important a Realtor’s character and reputation in the industry is when it comes to representing YOU.

realestate@cooperjacobs.com 206-236-9696

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