Q2 2019 P
A
C
I
F
I
C
N
O
R
T
H
W
E
S
T
MARKET REPORT PUGET
SOUND
|
SOUTHWEST
WASHINGTON
|
OREGON
Helping people buy and sell homes in the Pacific Northwest since 1972, Coldwell Banker Bain is an undisputed market leader, posting nearly $6.4 billion in sales in 2018. With 32 offices and more than 1,100 brokers in Washington and Oregon, plus a global reach that extends to 92,000 brokers in 44 countries, we’re not only one of the largest Coldwell Banker affiliates in the world, we’re also the most accomplished real estate company in the Northwest. Our commitment to knowledge, expertise and market insights consistently undergirds our reputation for excellence and service. An emphasis on global access in the luxury realm, combined with the power, reach and recognition of the Coldwell Banker brand, allows us to outsell and outperform our rivals, as we elevate the standard for marketing premier properties in the Puget Sound are and the Pacific Northwest. As important to us as business success— we also provide services in property management, commercial real estate, real estate investment and relocation management— is the understanding that real estate is more than just a transaction; it’s a key part of building safe, happy and prosperous lives for our clients, our brokers and their families.
02
Q 2 | 2019 PA C I F I C N O RT H W E ST M A RK E T RE P ORT
Q2 2019
PACIFIC NORTHWEST
MARKET REPORT
PACIFIC NORTHWEST MARKET REPORT FOR PUGET SOUND REGION
B
ELLEVUE, WA (July 1, 2019) – Coldwell Banker Bain, a leading provider of real estate brokerage services throughout
Washington and Oregon, and a market leader in home sales in 2018,* releases its second-quarter market report providing a variety of statistics for the sale of homes in neighborhoods and counties throughout the Puget Sound region, as well as for other segments, including luxury and condos. The second-quarter report reflects activity between April 1–June 30, 2019.** Reflecting on the second-quarter numbers and feedback from brokers, Mike Grady, Coldwell Banker Bain president and COO, said, “Clearly we now see that the market is ‘moderating’—that is, we’re definitely moving from a ‘hyper-market’ to one where a correction is underway compared to last year. However, while it’s the best time to buy that we’ve seen in some time given increased inventory and low interest rates, because we continue to have only an average of 1.5 months of inventory, it is STILL a seller’s market. So buyers are getting some relief, but they will still have to deal with multiple offer situations, consider inspection waivers, etc., in order to have their offers be competitive. They are also being forced to consider markets outside of King County for affordability — this is showcased especially in Pierce County which is performing at an amazing pace.”
Q 2 | 2019 PA C IF IC NORT HW E S T MA RKE T REPORT
03
PORTLAND OREGON
B
rian Houston, Principal Managing Broker of Coldwell Banker Bain of Portland West, said, “Listing inventory is on the rise in the Portland metro area, including Yamhill County. Multnomah County saw an increase of 2.9% over the same quarter last year while Clackamas County was up 5.4%, Yamhill County was up 6.9% and the greatest increase was seen in Washington County, which was up 19.9%.
04
Q 2 | 2019 PA C I F I C N O RT H W E ST M A RK E T RE P ORT
An interesting note is that Portland metro condo listings increased 21.6% above the same quarter last year. And even though interest rates are at an all-time low, buyers are taking more time and looking at more homes before they make their buying decision. Sellers are finding that buyers are asking for more incentives and other consideration as part of the negotiation process.�
PORTLAND OREGON REGION Beaverton -Aloha | Lake Oswego - West Linn | Milwaukie - Gladstone - Happy Valley North Portland | Northeast Portland | Southeast Portland | West Portland - Raleigh Hills
SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY
AVERAGE SOLD PRICE (Nearest $000)
AVERAGE DOM
North Portland
$442,000
20
Northeast Portland
$511,000
24
Southeast Portland
$441,000
28
West Portland - Raleigh Hills
$700,000
33
Lake Oswego - West Linn
$788,000
43
Milwaukie - Gladstone Happy Valley
$469,000
37
Beaverton - Aloha
$459,000
22
Portland Metro (Tri-County) Area Condos
$344,000
40
Portland Metro Area Luxury ($1+M | SF+C)
$1,354,000
56
$0K
$300K
$600K
$900K
$1200K
$1500K
NUMBER OF SALES CLOSED 1200 1000
1082
800
894
600
650
400 200
496 277
603
556
357
235
0 North Portland
Northeast Portland
Southeast Portland
West Portland, Raleigh Hills
Lake Oswego, West Linn
Milwaukie, Gladstone & Happy Valley
Beaverton, Aloha
Portland Metro (Tri-County) Area Condos
Portland Metro Area Luxury ($1+M | SF+C)
INVENTORY IN UNITS - 07/01/2019 156
400
548
540
389
503
300
1087
612
-1.3%
+0.3%
-3.4%
+1.1%
-2.2%
+6.6%
+14.9%
+21.6%
+6.21%
Northeast Portland
Southeast Portland
West Portland, Raleigh Hills
Lake Oswego, West Linn
Milwaukie, Gladstone & Happy Valley
Beaverton, Aloha
Portland Metro
Portland Metro Area Luxury
North Portland
(Tri-County) Area Condos
($1+M | SF+C)
Q 2 | 2019 PA C IF IC NORT HW E S T MA RKE T REPORT
05
PORTLAND OREGON REGION
P
ORTLAND, Oregon (July 1, 2019) Coldwell Banker Bain, a leading provider of real estate brokerage services throughout Washington and Oregon, releases its second-quarter market report providing a variety of statistics for the sale of homes in neighborhoods and counties in SW Washington and Oregon, as well as for other segments, including luxury and condos. This second-quarter report reflects activity between April 1, 2019 and June 30, 2019.* Ward Spears, Coldwell Banker Bain’s Oregon Regional Manager, said, “Currently, there is significant variability regarding market strength when comparing specific
06
sub-markets. While some sub-markets remain strong with significant competition among buyers, activity in other areas is slowing, leading to longer market times. Home buyers and sellers who form opinions based on general market trends will struggle to make good decisions over the next few months. Working with a well-informed broker is a key to having a successful home buying or selling experience in markets such as this. At this time in the market, a strong employment outlook and borrowing rates significantly lower than this time last year, should lead to strong buyer confidence once sellers adjust their price expectations in the sub-markets that are currently experiencing slight cooling.”
Q 2 | 2019 PA C I F I C N O RT H W E ST M A RK E T RE P ORT
OREGON REGION COUNTIES Clackamass County | Multnomah County | Yamhill County | Washington County
SINGLE FAMILY (SF), CONDO
AVERAGE SOLD PRICE (Nearest $000)
AVERAGE DOM
Clackamas County
$542,000
41
Multnomah County
$496,000
28
Yamhill County
$496,000
27
Washington County
$394,000
47
$0K
$100K
$200K
$300K
$400K
$500K
$600K
NUMBER OF SALES CLOSED 3000 2500 2000
2561
1500 1000
1885
1642
417
500 0
Clackamas County
Multnomah County
Yamhill County
Washington County
INVENTORY IN UNITS - 07/01/2019 1459
1853
1246
339
+5.4%
+2.9%
+19.9%
+6.9%
Clackamas County
Multnomah County
Yamhill County
Washington County
Q 2 | 2019 PA C IF IC NORT HW E S T MA RKE T REPORT
07
SOUTHWEST WASHINGTON
D
avid Knode, Principal Managing Broker for Coldwell Banker Bain of Vancouver, said, “Well, summer is here… maybe not weather-wise, but definitely in real estate. As is usual, the market softens a bit following school vacations. But with interest rates being incredibly favorable and inventory being up, giving buyers many more options from which to choose, you’d expect that
08
Q 2 | 2019 PA C I F I C N O RT H W E ST M A RK E T RE P ORT
prices would also soften. However, they are continuing to rise – although admittedly not at the fevered pace of last summer. It appears that we may be experiencing a plateau of sorts; houses are being listed and sold but with a bit longer time on the market. The price the seller and their broker sets is extremely important, and if they’re on the same page, the transaction will close much more quickly.”
SOUTHWEST WASHINGTON East Clark County | North Clark County | West Clark County
SINGLE FAMILY (SF), CONDO
AVERAGE SOLD PRICE (Nearest $000)
AVERAGE DOM
East Clark County
$427,000
37
North Clark County
$434,000
48
West Clark County
$399,000
38
Clark County Condos
$299,000
34
Clark County Luxury ($1+M | SF + Condo)
141
$1,321,000 $0K
$300K
$600K
$900K
$1200K
$1500K
NUMBER OF SALES CLOSED 1200 1000 800
1068
600 400
424
200
548
159 15
0
East Clark County
North Clark County
West Clark County
Clark County Condos
Clark County Luxury ($1+M | SF + Condo)
INVENTORY IN UNITS - 07/01/2019 868
414
402
120
91
+16..4%
+19.3%
+3.6%
+41.2%
+12.3%
East Clark County
North Clark County
West Clark County
Clark County Condos
Clark County Luxury ($1+M | SF + Condo)
Q 2 | 2019 PA C IF IC NORT HW E S T MA RKE T REPORT
09
SOUTH SOUND AREA
S
tephanie Callen, broker in CB Bain’s Puyallup office, said, “The secret is out in Pierce County! Tacoma’s sales prices are up 6% from last year, inventory is still down 14.7% and the average sale price is now $416,000. This is significantly lower than our neighbors in King County, but worth the commute when you can spend half the amount and get twice the house. With home prices increasing and interest rates holding steady, it is hard for buyers to get their offers accepted in this market. They need to be prepared and fully underwritten if possible. Selling a home is still a cakewalk, however buyers do want the inspection work done.
10
Q 2 | 2019 PA C I F I C N O RT H W E ST M A RK E T RE P ORT
Silverdale is another hot market in the area with 20 days on the market and low inventory. Puyallup and Graham have extremely low inventory -– nearly 20% less than last year at this time. Gig Harbor’s average sold price is $587,000, although things are taking a bit longer to sell with the average time on market at 53 days. Moving forward, Pierce County expects the market to remain very active, prices stabilizing and more buyers arriving from King County.”
SOUTH SOUND AREA Gig Harbor - Key Peninsula | North Tacoma - Lakewood - University Place | Puyallup - Graham SE King County | SW King County | Bainbridge Island | Silverdale
SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY
AVERAGE SOLD PRICE (Nearest $000)
AVERAGE DOM
South Sound & Kitsap Areas
$492,000
30
Gig Harbor - Key Peninsula
$587,000
53
North Tacoma - Lakewood University Place
$416,000
22
Puyallup - Graham
$389,000
28
SE King County
$520,000
31
SW King County
$501,000
32
Bainbridge Island
$1,111,000
33
Silverdale
$428,000
20
Area Condos
$301,000
24
$822,000
65
$1,358,000
62
Area Waterfront (SF Only) Area Luxury ($1+M | SF+C)
$0K
$300K
$600K
$900K
$1200K
$1500K
NUMBER OF SALES CLOSED 2000
2582
1500
Total South Sound Sales Closed
1660
1000
0
1020
853
500
1014
400 Gig Harbor Key Peninsula
N. Tacoma University Place Lakewood
Puyallup Graham
SE King County
SW King County
851 133
75
Bainbridge Island
Silverdale
Area Condos
257 Area Waterfront
206 Area Luxury ($1+M / SF+C)
(SF Only)
INVENTORY IN UNITS - 07/01/2019 Total South Sound Inventory
2582
-6.8%
% of change from 2018
314
297
434
902
493
110
32
315
310
353
-7.9%
-14.7%
-19.3%
+1.6%
-6.8%
+19.6%
-8.6%
+9.0%
-1.9%
+12.4%
Gig Harbor Key Peninsula
N. Tacoma University Place Lakewood
Puyallup Graham
SE King County
SW King County
Bainbridge Island
Silverdale
Area Condos
Area Waterfront
($1+M / SF+C)
Area Luxury
(SF Only)
Q 2 | 2019 PA C IF IC NORT HW E S T MA RKE T REPORT
11
NORTH SOUND AREA
M
ichelle Van Tassell, Principal Managing Broker for Coldwell Banker Bain of Edmonds and Lynnwood offices, noted, “With the second 2nd quarter comes the annual expectation in the Pacific Northwest that the housing market will be brisk. This has been the case in Snohomish County, where days on market figures remain under a month’s time in all areas, and inventory is up only slightly overall, at 15% over last year. For consumers following absorption rates in their decisionmaking process, this translates to about 1.6 months of inventory, reflecting a strong seller’s market but providing a bit more breathing room for buyers to make decisions and negotiate terms.
12
Q 2 | 2019 PA C I F I C N O RT H W E ST M A RK E T RE P ORT
Specific city markets showed a mixed picture, however, with Everett experiencing a tightening of inventory, and neighboring Marysville offering the highest numbers of new listings, an 18.6% increase over 2018. Edmonds’ inventory numbers followed closely at an increase of 18.3% over last year, despite the highest average price point in the county of $729,000. Buyers eying the condo market have found plenty to choose from, with a 45% increase in inventory compared to last year. Predictably, the Snohomish County luxury market (priced at $1 million and up) relative to King County reflected less availability and a high demand for what existed, and the waterfront market produced sales of a good mix of living/second home options…riverfront, lake-front, and salt water.”
NORTH SOUND AREA Bellingham | Edmonds | Everett | Lynnwood (Snohomish, Skagit, Whatcom)
SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY
AVERAGE SOLD PRICE (Nearest $000)
AVERAGE DOM
North Sound Area
$524,000
27
Anacortes
$550,000
70
Bellingham
$506,000
31
Edmonds
$729,000
21
Everett
$473,000
19
Lynnwood
$580,000
25
Marysville
$414,000
18
3-County Area Condos
$365,000
26
3-County Area Waterfront (SF Only)
$820,000
65
$1,386,000
84
3-County Area Luxury ($1+M | SF+C)
$0K
$300K
$600K
$900K
$1200K
$1500K
NUMBER OF SALES CLOSED 300 250
527
200
210
150 100
185
131
162
129
970 Total North Sound Sales Closed
256
153
50
62
0 Anacortes
Bellingham
Edmonds
Everett
Lynnwood
Marysville
3-County Area Condos
99
3-County Area Waterfront
3-County Area Luxury
(SF Only)
($1+M | SF+C)
INVENTORY IN UNITS - 07/01/2019 Total North Sound Inventory
970
+2.8%
% of change from 2018
131
210
129
185
162
153
256
62
99
-0.8%
-7.9%
+18.3%
-4.6%
+6.6%
+18.6%
+45.5%
-19.5%
-3.9%
Anacortes
Bellingham
Edmonds
Everett
Lynnwood
Marysville
3-County Area Condos
3-County Area Waterfront
3-County Area Luxury
(SF Only)
($1+M | SF+C)
Q 2 | 2019 PA C IF IC NORT HW E S T MA RKE T REPORT
13
EASTSIDE AREA
J
ennifer Cameron Vice President of Global Luxury and Principal Managing Broker of Coldwell Banker Bain of Lincoln Square, said, “Inventory is up across all of the Eastside areas and one major influence is the backlog of new development that buyers had been waiting for. Another is that we are seeing more seniors and retired couples wanting to downsize into a condo and/or that second home outside of the city. Median priced condos had the largest gain in inventory this quarter, up 60% over a year ago with 872 homes closing with an average market time of only 34 days. This is good news for those techies relocating both for Amazon’s new headquarters and Apple’s planned 43-story tower in downtown Bellevue. Luxury condo inventory, on the other hand, showed a mere 14.7% growth
14
Q 2 | 2019 PA C I F I C N O RT H W E ST M A RK E T RE P ORT
over last year with a market time nearly double the median price at 66 days. There are several luxury condos on the horizon which it appears will hit the market at the right time. Interesting growth and inventory patterns exist on the Eastside perimeters where Woodinville and Redmond experienced the highest surge in inventory year over year, both over 30%, yet with current inventory much lower than in Bellevue and Kirkland, respectively. Buyers continue to look for more affordability outside of the city core. Specific to the Eastside luxury market, waterfront home inventory was up 9.% year-over-year with just 83 current homes available on the market. Many of these properties were first generation legacy properties impressively transacting for the first time or in years.”
EASTSIDE AREA Bellevue | Bothell | Duvall - Carnation | Kirkland | Issaquah - Sammamish | Mercer Island Redmond | Woodinville
SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY
AVERAGE SOLD PRICE (Nearest $000)
AVERAGE DOM
Eastside Area
$1,064,000
32
Bellevue
$1,335,000
33
Bothell
$704,000
25
Duvall - Carnation
$659,000
39
Kirkland
$1,162,000
30
Issaquah - Sammamish
$1,050,000
Mercer Island
$2,137,000
37 56
Redmond
$1,064,000
26
Woodinville
$941,000
32
Area Condos
$569,000
34
Area Waterfront (SF Only)
$2,175,000
Area Luxury ($2+M | SF+C)
$2,897,000
57 66
$0K
$500K
$1000K
$1500K
$2000K
$2500K
$3000K
NUMBER OF SALES CLOSED 1000 800
2502
872
Total Eastside Sales Closed
600 400 200
407
544
493 115
339
103
311
Mercer Island
Redmond
0 Bellevue
Bothell
Duvall, Carnation
Kirkland
Issaquah, Sammamish
76
190 Woodinville
Area Condos
Area Waterfront
160 Area Luxury ($2+M / SF+C)
(SF Only)
INVENTORY IN UNITS - 07/01/2019 Total Eastside Inventory
1672
+26.9%
% of change from 2018
289
321
71
226
374
94
169
128
449
83
258
+25.1%
+27.9%
-1.4%
+32.2%
+26.4%
+25.3%
+31.0%
+39.1%
+60.4%
+9.2%
+14.7%
Bellevue
Bothell
Duvall, Carnation
Kirkland
Issaquah, Sammamish
Mercer Island
Redmond
Woodinville
Area Condos
Area Waterfront
($2+M / SF+C)
Area Luxury
(SF Only)
Q 2 | 2019 PA C IF IC NORT HW E S T MA RKE T REPORT
15
SEATTLE AREA
J
ohn Deely, Principal Managing Broker for Coldwell Banker Bain’s Lake Union, Magnolia, and Madison Park offices, said, “The second quarter Seattle residential market for the selected areas was robust, reflecting the increase in listing inventory, strong buyer demand and continued low interest rates. Closed sales totaled over $1.5 billion. All Seattle areas and property types had an increase in inventory when compared to last quarter and the same time last year. Most Seattle zip codes are recording an increase in market time because of the increased inventory and buyers considering more
16
Q 2 | 2019 PA C I F I C N O RT H W E ST M A RK E T RE P ORT
available options in their selection process. Most notable was the rapid increase in condominium inventory. Both pending sales and sold properties have also increased and are keeping pace with new listings to keep the buildup of listing inventory slow and in-check. A balanced market is considered four to six months of listing inventory and the Seattle market is still considered a seller’s’ market, hovering around two months of inventory. The Seattle Luxury market ($2.5M+) had a 35%+ increase in listings with an average market time of 52 days. There was a total of 76 closings in the luxury market during the second quarter.”
S E AT T L E A R E A Ballard - Green Lake | Capitol Hill | Madison Park | Magnolia | NE Seattle | Seattle Central South Lake Union - Queen Anne | West Seattle
SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY
AVERAGE SOLD PRICE (Nearest $000)
AVERAGE DOM
$892,000
23 21
Capitol Hill
$1,209,000
55
Madison Park
$1,413,000
Magnolia
$1,129,000
33 24
Seattle Area
$1,002,000
Ballard - Green Lake
$1,259,000
18 26 22
West Seattle
$892,000
24
Area Condos
$537,000
34
Area Waterfront (SF Only)
$1,822,000
Area Luxury ($2+M | SF+C)
$2,579,000
64 52
NE Seattle
$981,000
Seattle Central
$958,000
South Lake Union Queen Anne
$0K
$500K
$1000K
$1500K
$2000K
$2500K
$3000K
NUMBER OF SALES CLOSED 600 500 400
1550
514
484
300
341
200
47
100 0
Total Seattle Sales Closed
Ballard, Green Lake
Capitol Hill
205 81
112
Madison Park
Magnolia
NE Seattle
Seattle Central
118
132
S. Lake Union, Queen Anne
West Seattle
24 Area Condos
Area Waterfront
76 Area Luxury ($2+M / SF+C)
(SF Only)
INVENTORY IN UNITS - 07/01/2019 Total Seattle Area Inventory
947
+71.9%
% of change from 2018
222
46
61
85
223
163
93
54
405
47
123
+69.5%
+58.6%
+32.6%
+97.7%
+85.8%
+81.1%
+81.1%
+58.8%
+135.5%
+11.9%
+35.2%
Ballard, Green Lake
Capitol Hill
Madison Park
Magnolia
NE Seattle
Seattle Central
S. Lake Union, Queen Anne
West Seattle
Area Condos
Area Waterfront
($2+M / SF+C)
Area Luxury
(SF Only)
Q 2 | 2019 PA C IF IC NORT HW E S T MA RKE T REPORT
17
PUGET SOUND AREA COUNTIES
D
ean Ulrich, Principal Managing Broker of Coldwell Banker Bain of Bellingham, “We had another robust quarter in Bellingham, with 409 closed sales, an average sale price of $506,000, and just an average of 31 days on the market. Inventory is tight, down 7.9% from
18
Q 2 | 2019 PA C I F I C N O RT H W E ST M A RK E T RE P ORT
the same quarter in 2018. Low interest rates and strong employment, combined with Bellingham average price being significantly lower than Seattle/Bellevue, have fueled additional appreciation and the continuation of a strong sellers’ market, particularly in the popular neighborhoods.”
PUGET SOUND AREA COUNTIES Island | King | Kitsap | Pierce | Skagit | Snohomish | Whatcom
SINGLE FAMILY (SF), CONDO
AVERAGE SOLD PRICE (Nearest $000)
AVERAGE DOM
Island
$458,000
43
King
$845,000
30
Kitsap
$472,000
32
Pierce
$410,000
28
Skagit
$429,000
50
Snohomish
$546,000
27
Whatcom
$448,000
41
$0K
$200K
$400K
$600K
$800K
$1000K
NUMBER OF SALES CLOSED 8000 7000 6000
7793
5000 4000
4203
3000 2000 1000 0
512 Island
588
1247 King
Kitsap
3272
920
Pierce
Skagit
Snohomish
Whatcom
INVENTORY IN UNITS - 07/01/2019 361
4764
622
1961
455
1819
662
+8.4%
+26.4%
+5.2%
-7.6%
+5.3%
+15.4%
+6.9%
Island
King
Kitsap
Pierce
Skagit
Snohomish
Whatcom
Q 2 | 2019 PA C IF IC NORT HW E S T MA RKE T REPORT
19
WATERFRONT PROPERTIES
C
hris Murphy, a broker in Coldwell Banker Bain of Tacoma Proctor, and author of washingtonwaterfronts.com, said, “The seasonal spring inventory influx for 2019, across the seven counties included in this report, had a median inventory growth of 7.37%. This illustrates that waterfront inventory is slightly higher than in the second quarter of 2018 but remains noticeably lower in most counties relative to the second quarter of 2017 and 2016. On either end of the inventory spectrum, Kitsap County had the greatest increase of inventory with 53.62% and Pierce County had the largest inventory reduction of -25% compared to the second quarter of 2018. The quarterly median number of waterfront properties shows a slight reduction of -2.39%, with April and May posting much larger reductions that were leveled out by a significant increase in waterfront sales in June. King County posted the greatest
20
Q 2 | 2019 PA C I F I C N O RT H W E ST M A RK E T RE P ORT
increase of waterfront sales with 13.04%, which is consistent with its quarterly increase in inventory of 26.54%. Despite its massive influx of inventory, Kitsap County posted a -26.67% quarter decrease in in sales. The median price at which waterfront properties have sold increased slightly by 5.06%, with Skagit County having the greatest largest quarterly median price increase of 16.74% and Whatcom County as with the greatest largest reduction of in quarterly median sale price of -9.73%. All three of these categories illustrate the sentiment we are experiencing most frequently in representing waterfront home buyers. Buyers have funds available to affect quick cash closings, however they are being more selective despite the increase in available options from which they can choose.�
W A S H I N G T O N W AT E R F R O N T Island | King | Kitsap | Pierce | Skagit | Snohomish | Whatcom
SINGLE FAMILY (SF), CONDO
AVERAGE SOLD PRICE (Nearest $000) Island King
$782,000 $1,200,000
Kitsap
$765,000
Pierce
$750,000
Skagit
$640,000
Snohomish
$579,000
Whatcom
$450,450 $0K
$200K
$400K
$600K
$800K
$1000K
$1200K
NUMBER OF SALES CLOSED 200 150
155 100 50
61
56 0
Island
King
Kitsap
76 Pierce
34 Skagit
71 Snohomish
48 Whatcom
QUARTERLY INVENTORY IN UNITS - 2019 % of change from Q2 2018
219
597
284
298
143
205
215
+8.93%
+26.54%
+18.97%
-25.0%
-24.24%
-6.49%
+8.96%
Island
King
Kitsap
Pierce
Skagit
Snohomish
Whatcom
Q 2 | 2019 PA C IF IC NORT HW E S T MA RKE T REPORT
21
SOUTHWEST WASHINGTON COUNTIES Clark County | Cowlitz County
SINGLE FAMILY (SF), CONDO
AVERAGE SOLD PRICE (Nearest $000) AVERAGE DOM
Clark County
$422,000
39
Cowlitz County
$310,000
39
$0K
$100K
$200K
$300K
$400K
$500K
NUMBER OF SALES CLOSED 2000 1500 1000
1997
500
243
0
Clark County
Cowlitz County
INVENTORY IN UNITS - 07/01/2019
22
1639
174
+13.6%
-5.4%
Clark County
Cowlitz County
Q 2 | 2019 PA C I F I C N O RT H W E S T M A RKE T RE P O RT
*Information and statistics derived by CB Bain from the Northwest Multiple Listing Service (NWMLS) each quarter. Statistics not compiled or published by the NWMLS.