Windermere Real Estate
Market Review Seattle Metro
A special report on residential real estate sales in King County 2011 Second Quarter: April to June
W Windermere Real Estate/Wall St., Inc.
2011 Second Quarter Apr/May/June From the NWMLS, NWREporter June 6 release - KIRKLAND, WA. Northwest Multiple Listing Service members reported a 43 percent increase in pending sales of single family homes and condominiums during May compared to the same month a year ago. Sellers accepted offers from 7,509 buyers last month, up from the year-ago total of 5,242 pending sales. "We're seeing a definite shift in the market – especially in the areas closer to Seattle and Bellevue," remarked OB Jacobi, president of Windermere Real Estate and a member of the Northwest MLS board of directors. "Homes that are priced aggressively are seeing a lot of competition and we're even getting reports of some homes selling before buyers can act," he stated. Read more on our blog: www.WindermereWestSeattle.com Area
SEATTLE CORE Downtown, Belltown IN-CITY Queen Anne, Magnolia
NW SEATTLE Ballard, GreenLake, Fremont, Wallingford NE SEATTLE View Ridge, Maple Leaf, Northgate CENTRAL SEATTLE Capitol Hill, Central District, Madison Park SE SEATTLE Beacon Hill, Mt Baker, Columbia City, Seward Park, Rainier WEST SEATTLE
Number of Homes Sold Q2
Average Sold Price
Median Sold Price
Average Size (Sq Footage)
Days on market DOM
Houses
Condos
Houses
Condos
Houses
Condos
Houses
Condos
Houses
Condos
na
129
na
$516,124
Na
$365,000
Na
1005
na
79
136
84
$645,652
$311,583
$533,500
$243,250
2335
1015
64
79
396
72
$438,091
$246,908
$399,225
$230,500
1820
903
38
71
294
43
$486,468
$206,042
$425,000
$194,000
2045
1058
44
67
207
119
$714,921
$310,328
$579,000
$250,000
2398
905
59
111
207
14
$320,330
$149,823
$277,975
$155,562
1768
828
75
81
319
38
$299,000
$345,489
$337,267
$239,750
1798
1230
57
106
All data compiled from NW Multiple Listing Service, this information is deemed reliable, but is not a guarantee nor is it guaranteed, and should be verified to your satisfaction.
Review: 2011 First Quarter Jan/Feb/Mar From the Gardner Report, First Q 2011 Volume XIII — Seattle, WA. Our region is improving economically and I fully anticipate that we will fare better than the rest of the nation as we emerge from the deepest recession since the Great Depression. Job creation will be from the center out (i.e. starting in the Central Puget Sound) and this will be the same pattern when it comes to real estate prices. It is interesting to look at available inventory levels as I undertake this analysis. On an individual county basis, as well as combined, we have not seen the market increase its inventory levels as is expected in a normalized market. I would suggest that this is a function of sellers waiting to see improved conditions relative to home values before committing to listing their homes for sale. For more details see www.GardnerEconomics.com Area
SEATTLE CORE Downtown, Belltown IN-CITY Queen Anne, Magnolia NW SEATTLE Ballard, GreenLake, Fremont, Wallingford NE SEATTLE View Ridge, Maple Leaf, Northgate CENTRAL SEATTLE Capitol Hill, Central District, Madison Park SE SEATTLE Beacon Hill, Mt Baker, Columbia City, Seward Park, Rainier WEST SEATTLE
# of Homes Sold Q1
Average Sold Price Q1
Median Sold Price Q1
Average Size (Sq Footage)
Days on market Q1
Houses
Condos
Houses
Condos
Houses
Condos
Houses
Condos
Houses
Condos
-
93
-
$543,693
-
$435,000
-
1098
-
86
87
60
$558,359
$419,224
$510,000
$258,850
1998
1117
66
99
270
53
$409,369
$241,093
$383,500
$230,000
1790
839
55
71
155
18
$490,563
$187,292
$387,000
$198,750
2163
989
60
106
128
82
$595,471
$318,038
$450,000
$255,250
2069
924
93
101
134
6
$320,101
$113,983
$287,500
$123,750
1848
842
66
40
201
32
$363,359
$372,364
$305,000
$324,750
1724
1257
76
133
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