I would have to look into that specific neighborhood more in general to give you the best answer...but just off of the basic market conditions...things are taking a while to sell right now. It's not hard to catch all the "bad news" about the national real estate market...and even in Seattle that is leading to slower sales.
Townhomes and condos are being built in large numbers all over the great Seattle region which is really leading to much slower sales than we saw in the past few years. The good news as a potential buyer though is that homes are still appreciating but because there is so much on the market you have a lot of options and more negotiating power than we have seen in recent years.
If you're thinking of buying in that area don't necessarily look past those listings just because they are taking a while. Discuss with your Realtor your concerns and he or she should do more research to make sure that you are getting exactly what you want at a fair price. Just another good reason to work with a hard-working Realtor on your home search...to make sure that your new community and home is researched thoroughly!
Interbay is the flat area between Magnolia and Queen Anne Hill. The area includes a mixture of residential properties and light industrial and retail businesses. For the most part, the residential areas are East of 15th Avenue on the Queen Anne side of Interbay and generally includes apartments and condos. There aren't a lot of single family homes in the Interbay area. The area north by Fisherman's Terminal is considered Magnolia and includes a mixture of commercial and residential properties. Tucked on the far north end are some fairly nice properties along the ship canal and the locks.
Interbay has seen a lot of changes with a number of retail & service businesses moving into the area. Also, a fairly large retail complex is being developed which will include a Whole Foods market on 15th just south of Amory.... more