Ravenna might not have fared well in this year's Curbed Cup but that doesn't mean it's not a Seattle neighborhood to reckon with. Redfin already let us know that the North Seattle neighborhood retained it's title as Seattle's No. 1 spot for holiday lights and now they want us to know that it's not only the top 'hood in town for real estate sales but it was actually the ninth most-competitive homebuying neighborhood in the nation in 2014.
According to Redfin, Ravenna saw 57.3% of homes sell above asking price this year and nearly a quarter of offers were all cash. Redfin agent Christy Kim says two major factors influenced real estate in Ravenna. "Older homes being remodeled and flipped by investors and growing interest from international buyers paying in all cash. It was common for an international buyer to drop half a million for a town home so their children could have a place to live while attending college."
Five other Seattle-area neighborhoods also ranked as most competitive nationally: Wallingford (No. 15) Seward Park (No. 19), Education Hill in Redmond ( No. 21), Ballard (No. 26) and Phinney Ridge (No. 28.).
· The Most Competitive Neighborhoods for Homebuyers in 2014 [Redfin]
· Seattle's Best Neighborhood For Holiday Lights Still Ravenna [CS]
· Curbed Cup First Round: (6) Pioneer Square vs. (11) Ravenna [CS]
· All Ravenna coverage [CS]