EASTSIDE 2019 MARKET REPORT
TerryAllenLuxe.com
Helping people buy and sell homes in the Pacific Northwest since 1972, Coldwell Banker Bain is an undisputed market leader, posting nearly $6 billion in sales in 2019. With 30 offices and more than 1,300 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.
2019 ANNUAL REPORT
MIKE GRADY
COLDWELL BANKER BAIN PRESIDENT & COO
Reflecting on the 2019 numbers and the interesting turn of the market in the fourth quarter, Mike Grady, Coldwell Banker Bain president and COO, said, “As we closed out the year, 2019 turned out to be quite different than we had expected. We expected that because the double-digit appreciation of home prices had modified in May 2018, more sellers would proceed with selling their existing homes in 2019. This, of course, would have resulted in more inventory, stabilizing prices even more while increasing units sold. Had this transpired, 2019 would have resulted in increased volume as a result of more units and slightly higher average sales prices than in 2018. However, that didn’t happen. Instead, the ‘aberration’ we saw in November continued… so perhaps it’s not
TERRYALLENLUXE.COM
an aberration after all and we may be returning to the ‘old normal.’ December of 2019 proved to be better than December of 2018 in just about every single category – this notwithstanding weather that was not as mild as last year, and weather typically has an impact on sales. Yet we see again that the number of pending transactions outpaced the number of listings taken along with an increased appreciation. With inventory in King County below one month, we can only surmise that 2020 will show a return to rising home prices as a result of the lack of inventory and continued robust job market. So, while buyers continue to benefit from low interest rates, there are simply not enough homes for sale and the market, once again, is leaning more strongly toward sellers. These predictors indicate that the first quarter of 2020 will be active.”
2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT
3
2019 ANNUAL REPORT
MIKE WINKLER Said Mike Winkler, Principal Managing Broker of Coldwell Banker Bain of Mercer Island, “The question on every seller’s and buyer’s mind is what’s 2020 going to look like in our real estate market? The good news is that our area fundamentals remain strong, with vibrant employment and wage growth continuing to drive the housing market. For sellers, the job growth exceeds housing availability, so a strong Spring market is expected. Buyers, on the other hand, will find competing for homes to become the norm again both on Mercer Island and in the broader Seattle and Eastside markets. The great news for buyers will continue to be low interest rates, which help to extend their buying power.
4 2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT
PRINCIPAL MANAGING BROKER OF MERCER ISLAND
All of the major real estate prognosticators and indices are leaning toward a return to a market that aligns more with 2017 numbers. This means low inventory as demonstrated by the year-end inventory being down 25%, and resulting escalating prices as buyers return in greater numbers to the historically active spring market. Frankly, getting predictions right in these markets is challenging and as we move through the spring market to summer, all bets are off. The 2020 market will require realistic sellers and buyers represented by highly competent, research-driven brokers, who understand the market trends in the areas they serve, and who can effectively price and construct a great offer/counteroffer and the ability to keep emotions in check. Setting expectations in a high velocity market is critical to the outcome that all parties desire, making effective communication key.“
TERRYALLENLUXE.COM
EASTSIDE AREA
SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY
BELLEVUE / BOTHELL / CARNATION / CLYDE HILL / DUVALL / ISSAQUAH / KIRKLAND / MEDINA / MERCER ISLAND
AVERAGE SOLD PRICE (NEAREST $000)
AVERAGE DOM
$978K
Eastside Area
41
$1.355M
Bellevue
40
Bothell
$699K
37
Carnation
$676K
56 $3.091M
Clyde Hill
69
$659K
Duvall
39
$936K
Issaquah Kirkland
47
$1.139M
37 $4.212M
Medina
82
$1.987M
Mercer Island $1M
$2M
57 $3M
$4M
$ 5M
NUMBER OF SALES CLOSED 2000
10,668
1500
1740 1000
TOTAL EASTSIDE SALES CLOSED
1254
1086
500
306
233
126
61
Carnation
Clyde Hill
615
50
0
Bellevue
Bothell
Duvall
3500 INVENTORY IN UNITS / 12.31.2019
Issaquah
Kirkland
Medina
TOTAL EASTSIDE INVENTORY / 712
Mercer Island
-47.2%
3000 2500
84
2000-54.1% 1500
Bellevue
98
11
9
14
43
81
13
45
-51.7%
-59.3%
+12.5%
-41.7%
-50.6%
-42.6%
+30.0%
-28.6%
Bothell
Carnation
Clyde Hill
Duvall
Issaquah
Kirkland
Medina
Mercer Island
1000 500 TERRYALLENLUXE.COM
2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT
5
2019 ANNUAL REPORT
EJ BOWLDS The Eastside sales numbers show that the market for last year was stable,” said E.J. Bowlds, Principal Managing Broker of Coldwell Banker Bain of Bellevue. “The number of existing homes, condominiums and new construction sold in 2019 was about a half-percent greater than in 2018. Average prices for all categories on the Eastside were down about 2%, however new construction prices were up about 6% while existing homes and condos were down about 2%. A 2% change given the limitations of using average prices as a measurement and the wild fluctuations we saw in listing inventory really translates to prices being flat for the year. This is a trend we do not see continuing in 2020.
6 2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT
PRINCIPAL MANAGING BROKER OF BELLEVUE
Average days to sell were up for all categories. But given the fact that the longest sale time, (which was for new construction) was only 62 days, we can say these numbers reflect a very fast-moving market. An average balanced market can see market times well over 100 days. And two months’ time on the market for new construction is a very low number. The list-(asking price)-to-sales-price ratio for the Eastside was around 99%, again suggesting that prices are not heading downward anytime soon.
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EASTSIDE AREA
SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY
NEWCASTLE / NORTH BEND / RENTON / REDMOND / SAMMAMISH / SNOQUALMIE / WOODINVILLE
AVERAGE SOLD PRICE (NEAREST $000)
AVERAGE DOM
$999K
Newcastle
41
$733K
North Bend Redmond 2000Renton
43 $1.068M
32
$587K
37
$1.110M
Sammamish 1500
49
$763K
Snoqualmie
34
$968K
Woodinville
1000
48
$533K
Condos
37
500
$2.025M
Waterfront (SF Only)
62 $2.989M 74
Luxury
0($2+M | SF+C)
$500K
$1M
$1.5M
$2M
$2.5M
$3M
NUMBER OF SALES CLOSED 3500 3000
3269
2500 2000
10,668 TOTAL EASTSIDE SALES CLOSED
1500
1771
1000
367
153
500
952
1075
280
599
302 622
0
Newcastle
North Bend
Redmond
Renton
Samma-
Snoqualmie
Woodinville
Condos
Waterfront
TOTAL EASTSIDE INVENTORY / 712
INVENTORY IN UNITS / 12.31.2019
Luxury
-47.2%
12
42
44
109
63
8
36
185
57
172
0.0%
-14.3%
-60.0%
-47.8%
-52.3%
-60.0%
-55.6%
-55.4%
+19.7%
-9.9%
Newcastle
North Bend
Redmond
Renton
Sammamish
Snoqualmie
Woodinville
Condos
Waterfront
Luxury
TERRYALLENLUXE.COM
2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT
7
EASTSIDE AREA TOTAL EASTSI D E AREA
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
2019
2018
CHANGE
10668
10531
+1.30%
$978,000
$986,900
-0.90%
41
27
+51.9%
AVERAGE SOLD PRICE
97%
100%
-3%
DOWN -0.90% from 2018
2019
2018
CHANGE
3269
3398
-3.80%
$533,000
$543,000
-1.80%
37
18
+105%
AVERAGE SOLD PRICE
98%
102%
-4%
DOWN -1.80% from 2018
$978K
CONDOS
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
8 2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT
$533K TERRYALLENLUXE.COM
EASTSIDE AREA WATERFRONT
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
2019
2018
CHANGE
302
317
-4.70%
$2,025,000
$1,957,000
+3.50%
62
49
+26.5%
AVERAGE SOLD PRICE
95%
96%
-1%
UP +3.50% from 2018
2019
2018
CHANGE
622
585
+6.30%
$2,989,000
$3,120,000
-4.20%
$2.989M
74
58
+27.6%
AVERAGE SOLD PRICE
95%
97%
-2%
DOWN -4.20% from 2018
$2.025M LUXURY
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
TERRYALLENLUXE.COM
2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT
9
EASTSIDE AREA BELLEVU E
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
2018
CHANGE
1254
1215
+3.20%
$1,355,000
$1,393,000
-2.70%
$1.355M
40
25
+60.0%
AVERAGE SOLD PRICE
97%
100%
-3%
DOWN -2.70% from 2018
2019
2018
CHANGE
1740
1749
-0.50%
$699,000
$719,000
-2.80%
$699K
37
25
+48.0%
AVERAGE SOLD PRICE
98%
101%
-3%
DOWN -2.80% from 2018
BOTHELL
2019
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
10 2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT
TERRYALLENLUXE.COM
EASTSIDE AREA CARNATI ON
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
2018
CHANGE
126
137
-8.00%
$676,000
$759,000
-10.9%
$676K
56
46
+21.7%
AVERAGE SOLD PRICE
97%
99%
-2%
DOWN -10.9% from 2018
2019
2018
CHANGE
61
72
-15.30%
$3,091,000
$3,193,000
-3.20%
$3.091M
69
64
+7.80%
AVERAGE SOLD PRICE
95%
96%
-1%
DOWN -3.20% from 2018
CLYDE HILL
2019
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
TERRYALLENLUXE.COM
2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT 11
EASTSIDE AREA D U VALL
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
2019
2018
CHANGE
233
265
-12.1%
$659,000
$675,000
-2.40%
39
28
+39.3%
AVERAGE SOLD PRICE
100%
101%
-1%
DOWN -2.40% from 2018
2019
2018
CHANGE
615
685
-10.2%
$936,000
$982,000
-4.70%
$936K
47
27
+74.1%
AVERAGE SOLD PRICE
97%
100%
-3%
$659K
ISSAQUAH
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
12 2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT
DOWN -4.70% from 2018
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EASTSIDE AREA K I RK LAND
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
2018
CHANGE
1086
1113
-2.40%
$1,139,000
$1,141,000
-0.20%
$1.129M
37
24
+54.2%
AVERAGE SOLD PRICE
97%
100%
-3%
DOWN -0.20% from 2018
2019
2018
CHANGE
50
38
+31.6%
$4,212,000
$4,383,000
-3.90%
$4.212M
82
51
+60.8%
AVERAGE SOLD PRICE
95%
96%
-1%
DOWN -3.90% from 2018
MEDINA
2019
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
TERRYALLENLUXE.COM
2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT 13
EASTSIDE AREA M ERCER I SLAND
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
2018
CHANGE
306
302
+1.30%
$1,987,000
$2,048,000
-3.00%
$1.987M
57
34
+67.6%
AVERAGE SOLD PRICE
96%
98%
-2%
DOWN -3.00% from 2018
2019
2018
CHANGE
153
131
+16.8%
$999,000
$997,000
+0.20%
$999K
41
26
+57.7%
AVERAGE SOLD PRICE
97%
100%
-3%
NEWCASTLE
2019
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
14 2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT
UP +0.20% from 2018
TERRYALLENLUXE.COM
EASTSIDE AREA NOR TH BEND
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
2019
2018
CHANGE
367
334
+9.90%
$733,000
$655,000
+11.9%
$733K
43
23
+87.0%
AVERAGE SOLD PRICE
98%
102%
-4%
2019
2018
CHANGE
1771
1578
+12.2%
$587,000
$564,000
+4.10%
$587K
37
26
+42.3%
AVERAGE SOLD PRICE
98%
100%
-2%
UP +11.9% from 2018
RENTON
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
TERRYALLENLUXE.COM
UP +4.10% from 2018
2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT 15
EASTSIDE AREA RED M OND
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
2019
2018
CHANGE
952
923
+3.10%
$1,068,000
$1,037,000
+3.00%
$1.068M
32
23
+39.1%
AVERAGE SOLD PRICE
99%
101%
-2%
2019
2018
CHANGE
1075
1008
+6.60%
$1,110,000
$1,127,000
-1.50%
$1.110M
49
31
+58.1%
AVERAGE SOLD PRICE
98%
100%
-2%
UP +3.00% from 2018
SAMMAMISH
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
16 2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT
DOWN -1.50% from 2018
TERRYALLENLUXE.COM
EASTSIDE AREA SNOQU ALM I E
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
2019
2018
CHANGE
280
376
-25.5%
$763,000
$766,000
-0.40%
$763K
34
210
+70.0%
AVERAGE SOLD PRICE
98%
102%
-4%
2019
2018
CHANGE
599
608
-1.50%
$968,000
$961,000
+0.70%
$968K
48
29
+65.5%
AVERAGE SOLD PRICE
96%
99%
-3%
DOWN -0.40% from 2018
WOODINVILLE
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
TERRYALLENLUXE.COM
UP +0.70% from 2018
2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT 17
500 Bellevue Way NE #260 | Bellevue, WA 98004 | 425.417.6161 | TerryAllen@CBBain.com
terryallenluxe.com *Information and statistics derived by CB Bain from the Northwest Multiple Listing Service (NWMLS), Regional Multiple Listing Service (RMLS) and the Multiple Listing Service of Central Oregon (MLSCO) each quarter. Statistics not compiled or published by the NWMLS, RMLS or MLSCO.
SEATTLE 2019 MARKET REPORT
TerryAllenLuxe.com
Helping people buy and sell homes in the Pacific Northwest since 1972, Coldwell Banker Bain is an undisputed market leader, posting nearly $6 billion in sales in 2019. With 30 offices and more than 1,300 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.
2019 ANNUAL REPORT
MIKE GRADY
COLDWELL BANKER BAIN PRESIDENT & COO
Reflecting on the 2019 numbers and the interesting turn of the market in the fourth quarter, Mike Grady, Coldwell Banker Bain president and COO, said, “As we closed out the year, 2019 turned out to be quite different than we had expected. We expected that because the double-digit appreciation of home prices had modified in May 2018, more sellers would proceed with selling their existing homes in 2019. This, of course, would have resulted in more inventory, stabilizing prices even more while increasing units sold. Had this transpired, 2019 would have resulted in increased volume as a result of more units and slightly higher average sales prices than in 2018. However, that didn’t happen. Instead, the ‘aberration’
TERRYALLENLUXE.COM
we saw in November continued… so perhaps it’s not an aberration after all and we may be returning to the ‘old normal.’ December of 2019 proved to be better than December of 2018 in just about every single category – this notwithstanding weather that was not as mild as last year, and weather typically has an impact on sales. Yet we see again that the number of pending transactions outpaced the number of listings taken along with an increased appreciation. With inventory in King County below one month, we can only surmise that 2020 will show a return to rising home prices as a result of the lack of inventory and continued robust job market. So, while buyers continue to benefit from low interest rates, there are simply not enough homes for sale and the market, once again, is leaning more strongly toward sellers. These predictors indicate that the first quarter of 2020
2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT 21
2019 ANNUAL REPORT
JOHN DEELY
PRINCIPAL MANAGING BROKER OF LAKE UNION & MADISON PARK
John Deely, Principal Managing Broker of Lake Union and Madison Park, said, “The average sold price, in the selected Seattle areas, was down from the previous year, due primarily to the increase in inventory during the first three quarters of the year. In the last quarter of the year, however, buyer demand was high and inventory dropped rapidly. The number of sold properties was up over 11% from the previous year. Condos were flat in terms of the number of properties sold as average prices slid 6.2% for the year. All categories had an increase in the time it took to
22 2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT
sell, with condos seeing the largest increase of any category. It took over 45 days, on average, to sell a condo. Luxury listings, representing properties priced over $2 million, decreased more than 10% in 2019. Overall inventory in this category dropped rapidly at the end of the year due to high buyer demand and seasonal reduction in supply. Cash buyers were plentiful in this category and included both local and international buyers.
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SEATTLE AREA
SINGLE FAMILY (SF), CONDO, WATERFRONT & LUXURY
BALLARD & GREEN LAKE / CAPITOL HILL / MADISON PARK / MAGNOLIA / NE SEATTLE / SEATTLE CENTRAL / SOUTH LAKE UNION & QUEEN ANNE / WEST SEATTLE
AVERAGE SOLD PRICE (NEAREST $000)
AVERAGE DOM
$986K
Seattle Area Ballard & Green Lake
33
$859K
29 $1.261M
Capitol Hill
52 36
$1.547M
Madison Park
36
$1.163M
Magnolia
31
$941K
NE Seattle
$907K
Seattle Central S. Lake Union & Queen Anne
37 42
$1.248M
31
$867K
West Seattle
45
$513K
Condos Waterfront
79
$1.687M
(SF Only)
Luxury
70
$2.858M
($2+M | SF+C) $500K
$1M
$1.5M
$2M
$2.5M
$3M
NUMBER OF SALES CLOSED 500
5248
400
1588 300
1694
TOTAL SALES CLOSED
1263
200
168
300
100
226
725 350
363
385
S. Lake Union
West
85
0
Ballard & Green Lake
Capitol
Madison Park
Magnolia
NE Seattle
Seattle Central
Condos
Waterfront
TOTAL SEATTLE INVENTORY / 330
INVENTORY IN UNITS / 12.31.2019
Luxury -32.2%
68
17
26
20
74
75
24
26
173
17
42
-41.9%
-50.0%
-13.3%
-48.7%
-22.1%
-3.8%
-55.6%
-35.0%
-27.9%
-37.0%
-27.6%
Ballard & Green Lake
Capitol
Madison Park
Magnolia
NE Seattle
Seattle Central
S. Lake Union
West
Condos
Waterfront
Luxury
TERRYALLENLUXE.COM
2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT 23
SEATTLE AREA TOTAL SEATTLE AREA
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
2018
CHANGE
5248
4715
+11.3%
$986,000
$1,027,000
-4.00%
$986K
33
20
+65.0%
AVERAGE SOLD PRICE
98%
101%
-3%
DOWN -4.00% from 2018
2019
2018
CHANGE
1588
1590
-0.10%
$513,000
$547,000
-6.20%
$513K
45
20
+125%
AVERAGE SOLD PRICE
97%
101%
-4%
DOWN -6.20% from 2018
CONDOS
2019
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
24 2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT
TERRYALLENLUXE.COM
SEATTLE AREA WATERFRONT
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
2018
CHANGE
85
64
+32.8%
$1,687,000
$2,226,000
-24.2%
$1.687M
79
61
+29.5%
AVERAGE SOLD PRICE
91%
96%
-5%
DOWN -24.2% from 2018
2019
2018
CHANGE
226
252
-10.3%
$2,858,000
$2,864,000
-0.20%
$2.858M
70
53
+32.1%
AVERAGE SOLD PRICE
94%
96%
-2%
DOWN -0.20% from 2018
LUXURY
2019
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
TERRYALLENLUXE.COM
2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT 25
SEATTLE AREA BALLARD / GREEN LAK E
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
2019
2018
CHANGE
1694
1408
+20.3%
$859,000
$899,000
-4.40%
$859K
29
14
+107%
AVERAGE SOLD PRICE
99%
103%
-4%
2019
2018
CHANGE
168
153
+9.80%
$1,261,000
$1,395,000
-9.60%
52
32
+62.5%
AVERAGE SOLD PRICE
95%
96%
-1%
DOWN -9.60% from 2018
DOWN -4.40% from 2018
CAPITOL HILL
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
26 2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT
$1.261M TERRYALLENLUXE.COM
SEATTLE AREA M AD I SON PARK
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
2019
2018
CHANGE
300
279
+7.50%
$1,547,000
$1,563,000
-1.00%
$1.547M
36
24
+50.0%
AVERAGE SOLD PRICE
97%
100%
-3%
2019
2018
CHANGE
350
328
+6.70%
$1,163,000
$1,226,000
-5.10%
$1.163M
36
30
+20.0%
AVERAGE SOLD PRICE
97%
99%
-2%
DOWN -1.00% from 2018
MAGNOLIA
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
TERRYALLENLUXE.COM
DOWN -5.10% from 2018
2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT 27
SEATTLE AREA NE SEATTLE
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
2019
2018
CHANGE
1263
1213
+4.10%
$941,000
$974,000
-3.40%
$941K
31
18
+72.2%
AVERAGE SOLD PRICE
98%
102%
-4%
2019
2018
CHANGE
725
671
+8.00%
$907,000
$932,000
-2.70%
$907K
37
22
+68.2%
AVERAGE SOLD PRICE
97%
101%
-4%
DOWN -2.70% from 2018
DOWN -3.40% from 2018
SEATTLE CENTRAL
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
28 2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT
TERRYALLENLUXE.COM
SEATTLE AREA S. LAK E U NI ON/ QU EEN ANNE
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
2019
2018
CHANGE
363
330
+10.0%
$1,248,000
$1,272,000
-1.90%
$1.248M
42
27
+55.6%
AVERAGE SOLD PRICE
96%
99%
-3%
2019
2018
CHANGE
385
332
+16.0%
$867,000
$892,000
-2.80%
31
23
+34.8%
AVERAGE SOLD PRICE
98%
100%
-2%
DOWN -2.80% from 2018
DOWN -1.90% from 2018
WEST SEATTLE
TOTAL HOMES SOLD AVERAGE SOLD PRICE AVERAGE DAYS ON MARKET SOLD/LIST PRICE%
TERRYALLENLUXE.COM
$867K 2019 ANNUAL PACIFIC NORTHWEST MARKET REPORT 29
500 Bellevue Way NE #260 | Bellevue, WA 98004 | 425.417.6161 | TerryAllen@CBBain.com
terryallenluxe.com *Information and statistics derived by CB Bain from the Northwest Multiple Listing Service (NWMLS), Regional Multiple Listing Service (RMLS) and the Multiple Listing Service of Central Oregon (MLSCO) each quarter. Statistics not compiled or published by the NWMLS, RMLS or MLSCO.