Green Lake Listings Show Off Hot Seattle Housing Market

May 9, 2017|Posted in: Community News, Green Lake, Green Lake News, Green Lake Real Estate

Seattle remains one of the hottest real estate markets in the nation, if the not the hottest. Properties tend to sell very quickly and there is more demand than there is available housing.

The fact that the Seattle housing market is so hot has several implications for home buyers. The first is that prices are up and houses are selling fast. Generally, if you really want to buy a home, you need to make your best offer right away. Going over asking price is a good idea, as many homes are selling for more than asking right now. Sellers probably won’t come back to you for a second offer right now.

Secondly, you can be confident about offering a higher price for the home you want. Prices are likely to continue climbing, according to information from real estate market analysts. That means that your home value will probably increase, making any purchase a potentially smart investment. If you buy a home that needs work and invest a little sweat equity, you could see real gains.

Nowhere is the modern Seattle real estate market better exemplified than in the neighborhood of Green Lake. Homes for sale in this desirable community represent not only an ideal place to live, but smart investments for those who want to see their home values continue to rise. Ever since its initial founding, Green Lake has remained one of the most desirable neighborhoods in the greater Seattle area, in no small part thanks to the beautiful views of the lake that many parcels and homes afford.

Green Lake Neighborhood Is Beautiful and Historical

While there many different styles of homes in the Green Lake area, Craftsman style homes are the standard. These simple yet ornate and attractive homes tend to be well-built and full of charming details that make each one unique. Home prices vary from six to seven figures, with many homes selling rather quickly in the area. There are a number of well-loved restaurants in the area, many of which boast beautiful views of the lake. There’s a zoo nearby, as well as the Bath House Theatre, which features live performances and athletic fields for organized sports events.

Green Lake itself is a bit of a local treasure. This naturally-occurring lake was first discovered by settlers in 1855 and given its name thanks to the presence of a green algae bloom in process at the time of their visit. Homes were initially built all around the shoreline, but by 1911, the water level had dropped. Now there is a lush park, called Green Lake Park, which facilitates a broad range of activities for locals and visitors, including a golf course. There’s kayaking and rental paddle boats for those who want to explore the water. The lake itself is ringed by a biking and jogging trail that is 2.8 miles long.

Green Lake Homes Are Great Investments for Seattle Home Buyers

When you’re making such a big purchase, you want to know it will accrue value over time. Green Lake, pleasantly situated north of Seattle with an average commute time of 26 minutes, remains a very popular and well-kept residential community. There are a wide range of properties for sale, including commercial and residential properties. Residential offerings include single family homes, as well as condominium units perfect for those who don’t want to worry about yard work. There are also some homes for rent within the Green Lake Community.

Houses and condos in Green Lake sell quickly, meaning you will want to work with a Realtor who is capable of helping you move fast on a property you want. With a little research and patience, you can find an ideal home in the Green Lake neighborhood to make your own. Homes values in the area are trending up, making now a great time to invest.

Featured photo source: Wikipedia Commons

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