There's light at the end of the tunnel for Ballard's housing market
By Anne-Marije Rook and Kate Ganiron, Web Intern
Despite the economic downturn, Ballard has seen condominiums and apartment complexes go up quickly in the last three years and developers are proposing more. The housing market in Ballard, it seems, is climbing out of the recession hole.
“The prices are down 15 to 20 percent from three years ago, but not all across the board,” said Greg Stamolis, Windermere Ballard real estate agent.
“Activity level is stronger in Ballard than in some of the other areas in Seattle."
Jeff Menday, real estate agent at RE/MAX Northwest Realtors echoed Stamolis stating that the housing market in Ballard and in-city Seattle was up considerably in 2010 from 2009.
“Ballard sold 52 homes in December 2010, while only selling 35 homes in December of 2009. This is up nearly fifty percent,” he said.
But that increase wasn't all across the board either as Sam Debord, Managing Broker at SeattleHome.com, said the Ballard real estate market had been slightly down in 2010.