KING COUNTY RESIDENTIAL REPORT 2ND QUARTER 2015 RESIDENTIAL MARKET REPORT
PROVIDED BY CINDY PAUR
CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM
[1]
MARKET TRENDS AVERAGES OF FEATURED MARKET SEGMENTS
# OF SALES
$ VOLUME
$/ SQFT
BELLEVUE
SEATTLE
KIRKLAND
REDMOND
WOODINVILLE MERCER ISLAND ISSAQUAH
SAMMAMISH
[2]
CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM
MONTHS OF INVENTORY
ABOUT CINDY PAUR SENIOR GLOBAL REAL ESTATE ADVISOR
CONTENTS Q2 2015 MARKET REPORT
2 Market Trends 3 About the Author 4 Waterfront Report 6 Seattle Report 7 Seattle Report 8 Seattle Neighborhood Report 9 Seattle Neighborhood Report 10 Points Neighborhood Report 11 Bellevue Report 12 520 Corridor Report 13 I-90 Corridor Report 15 Active Listings
Having entered the real estate business after a successful career as a top marketing and merchandising executive with Nordstrom, Cindy brings her clients a unique combination of Northwest knowledge, creative marketing skills, proven negotiation strategies, and stellar customer service. Cindy respects the people she serves and understands that buying and selling a home is a very personal venture. In addition to her passion for real estate, Cindy is dedicated to making the Puget Sound area a better place to live.
5 Waterfront Report
14 Significant Sales
With over 16 years of successful experience in the real estate business, Cindy, a Seattle native and University of Washington graduate, has a deep understanding of the unique personalities of the many neighborhoods in the greater Seattle area.
She supports many community organizations, including Seattle Children’s Hospital, the Seattle Art Museum, New Beginnings, and Treehouse for Foster Kids, where she served on the Board of Directors. She and her husband-with whom she has successfully purchased, developed and sold many commercial and residential projectsreside in the Bellevue area with their son. It is Cindy’s goal to deliver results beyond her clients’ expectations. Whether you are selling a home, buying a home, or relocating to the Seattle area, Cindy is the right choice to help you meet your real estate goals. Please contact me for assistance via email or direct phone. It is also Cindy’s goal to always provide her clients with up-todate information about the state of the market. Please let her know if you would like customized information about the regional real estate market.
CINDY PAUR
Senior Global Real Estate Advisor Sotheby’s International Realty CindyPaur.com
206.949.4497
CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM
[3]
WATERFRONT REPORT SINGLE FAMILY HOMES
BELLEVUE Sold for $2.96 Million on 6/11/2015 BELLEVUE WATERFRONT
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
25
31
24%
Total Dollar Volume
$52,572,000
$75,744,000
44%
Average Sale Price
$2,102,900
$2,443,400
16%
Average Days on Market
145
77
-47%
Sold / List Price %
93%
96.1%
3%
Average Price Per Square Foot
$509
$595
17%
Months of Inventory
2.9
2
-31%
Current Inventory in Units
17
10
-41%
KIRKLAND
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
11
20
82%
Total Dollar Volume
$17,514,000
$31,520,000
80%
Average Sale Price
$1,592,200
$1,576,000
-1%
Average Days on Market
71
63
-11%
Sold / List Price %
90.5%
96.6%
7%
Average Price Per Square Foot
$502
$625
25%
Months of Inventory
6.8
2.5
-63%
Current Inventory in Units
13
13
0%
SKAGIT KEY, BELLEVUE Sold for $2.85 Million on 5/5/2015
KIRKLAND Sold for $2.36 Million on 3/25/2015 [4]
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WATERFRONT REPORT SINGLE FAMILY HOMES
SEATTLE WATERFRONT
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
44
53
20%
Total Dollar Volume
$50,371,000
$69,407,000
38%
Average Sale Price
$1,144,800
$1,309,600
14%
Average Days on Market
102
69
-32%
Sold / List Price %
96.5%
98.9%
2%
Average Price Per Square Foot
$427
$598
40%
Months of Inventory
4.8
2.8
-42%
Current Inventory in Units
50
25
-50%
SEATTLE Sold for $2.152 Million on 3/26/2015 MERCER ISLAND
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
26
21
-19%
Total Dollar Volume
$69,438,000
$75,073,000
8%
Average Sale Price
$2,670,700
$3,574,900
34%
Average Days on Market
209
161
-23%
Sold / List Price %
96%
90.8%
-5%
Average Price Per Square Foot
$627
$714
14%
Months of Inventory
6.3
5.6
-11%
Current Inventory in Units
35
21
-40%
MERCER ISLAND Sold for $5.45 Million on 2/3/2015
SEATTLE Sold for $3.695 Million on 3/23/2015 CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM
[5]
SEATTLE REPORT SINGLE FAMILY HOMES
SEATTLE
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
3,722
4,005
8%
Total Dollar Volume
$2,045,382,000 $2,451,579,000 20%
Average Sale Price
$549,500
$612
11%
Average Days on Market
36
28
-22%
Sold / List Price %
101.1%
102.8%
2%
Average Price Per Square Foot
$273
$304
12%
Months of Inventory
1.4
0.9
-36%
Current Inventory in Units
1,073
681
-37%
NORTH SEATTLE (AREA 710)
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
562
587
4%
Total Dollar Volume
$331,165,000
$395,580,000
20%
Average Sale Price
$589,300
$674
14%
Average Days on Market
26
21
-19%
Sold / List Price %
102.4%
105%
2%
Average Price Per Square Foot
$277
$324
17%
Months of Inventory
0.9
0.8
-11%
Current Inventory in Units
109
91
-17%
QUEEN ANNE, MAGNOLIA (700)
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
316
348
10%
Total Dollar Volume
$264,035,000
$314,893,000
19%
Average Sale Price
$835,600
$905
8%
Average Days on Market
40
34
-15%
Sold / List Price %
99.9%
101.9%
2%
Average Price Per Square Foot
$342
$373
9%
Months of Inventory
1.5
1.1
-27%
Current Inventory in Units
90
72
-20%
[6]
SEATTLE Sold for $2.15 Million on 3/23/2015
SEATTLE Sold for $3.2 Million on 6/13/2015
QUEEN ANNE Sold for $5.1 Million on 6/3/2015
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SEATTLE REPORT SINGLE FAMILY HOMES CENTRAL SEATTLE (AREA 390) YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
400
437
9%
Total Dollar Volume
$337,900,000
$383,437,000
14%
Average Sale Price
$844,800
$877,400
4%
Average Days on Market
43
29
-33%
Sold / List Price %
99.8%
101.4%
2%
Average Price Per Square Foot
$352
$394
12%
Months of Inventory
1.8
1.2
-33%
Current Inventory in Units
161
99
-39%
SOUTHEAST SEATTLE (AREA 380) YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
330
367
11%
Total Dollar Volume
$151,241,000
$188,906,000
25%
Average Sale Price
$458,300
$514,700
12%
Average Days on Market
43
36
-16%
Sold / List Price %
100.3%
102.3%
2%
Average Price Per Square Foot
$222
$253
14%
Months of Inventory
2
1.1
-45%
Current Inventory in Units
127
71
-44%
WEST SEATTLE (AREA 140)
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
760
858
13%
Total Dollar Volume
$336,194,000
$421,109,000
25%
Average Sale Price
$442,400
$490,800
11%
Average Days on Market
41
30
-27%
Sold / List Price %
100.5%
102%
1.5%
Average Price Per Square Foot
$238
$262
9.9%
Months of Inventory
1.5
0.9
-40%
Current Inventory in Units
239
133
-44%
WEST SEATTLE Sold for $2.79 Million on 2/27/2015
BALLARD Sold for $2.94 Million on 3/19/2015
SEATTLE Sold for $5.2 Million on 5.1.15 6/3/2015 CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM
[7]
SEATTLE NEIGHBORHOOD REPORTS SINGLE FAMILY HOMES
BROADMOOR
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
5
13
160%
Total Dollar Volume
$14,769,000
$27,979,000
89%
Average Sale Price
$2,953,800
$2,152,200
-27%
Average Days on Market
4
3
-25%
Sold / List Price %
94.2%
99.1%
5%
Average Price Per Square Foot
$530
$517
-2%
Months of Inventory
4.8
1.6
-67%
Current Inventory in Units
431
34
-92%
DENNY BLAINE
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
7
4
-43%
Total Dollar Volume
$18,021,000
$4,243,000
-77%
Average Sale Price
$2,574,400
$1,060,800
-58%
Average Days on Market
4
3
-25%
Sold / List Price %
96.9%
96.5%
-0.4%
Average Price Per Square Foot
$465
$343
-26%
Months of Inventory
5.4
5.8
7%
Current Inventory in Units
120
105
-13%
LAURELHURST
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
33
31
-6%
Total Dollar Volume
$41,011,000
$48,217,000
18%
Average Sale Price
$1,242,800
$1,555,400
25%
Average Days on Market
11
9
-18%
Sold / List Price %
100.8%
101.8%
1%
Average Price Per Square Foot
$388
$491
26%
Months of Inventory
1.3
1.6
23%
Current Inventory in Units
18
24
33%
[8]
BROADMOOR Sold for $2.2 Million on 3/16/2015
DENNY BLAINE Sold for $1.875 Million on 1/22/2015
LAURELHURST Sold for $3.65 Million on 4/24/2015
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SEATTLE NEIGHBORHOOD REPORTS SINGLE FAMILY HOMES MADISON VALLEY
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
36
40
11%
Total Dollar Volume
$20,046,000
$24,481,000
22%
Average Sale Price
$556,800
$612,000
10%
Average Days on Market
10
4
-60%
Sold / List Price %
101.9%
101.3%
-0.6%
Average Price Per Square Foot
$326
$337
3%
Months of Inventory
0.8
0.7
-13%
Current Inventory in Units
18
29
61%
WINDERMERE
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
6
13
117%
Total Dollar Volume
$9,713,000
$19,784,000
104%
Average Sale Price
$1,618,800
$1,521,800
-6%
Average Days on Market
5
2
-60%
Sold / List Price %
101.1%
105%
4%
Average Price Per Square Foot
$411
$467
14%
Months of Inventory
3
2.8
-7%
Current Inventory in Units
29
18
-38%
WASHINGTON PARK
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
14
12
-14%
Total Dollar Volume
$19,996,000
$25,588,000
28%
Average Sale Price
$1,428,300
$2,132,300
49%
Average Days on Market
9
11
22%
Sold / List Price %
97.9%
100.6%
3%
Average Price Per Square Foot
$430
$561
30%
Months of Inventory
3.1
4.3
39%
Current Inventory in Units
70
43
-39%
MADISON VALLEY Sold for $906,000 on 4/6/2015
WASHINGTON PARK Sold for $1.59 Million on 4/16/2015
WINDERMERE Sold for $2.5 Million on 5/8/2015 CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM
[9]
POINTS NEIGHBORHOOD REPORTS SINGLE FAMILY HOMES MEDINA
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
26
29
11%
Total Dollar Volume
$65,483,000
$69,380,000
6%
Average Sale Price
$2,518,600
$2,392,400
-5%
Average Days on Market
76
42
-44.7%
Sold / List Price %
96.7%
98.6%
-2%
Average Price Per Square Foot
$682
$650
-5%
Months of Inventory
4.3
3.2
-26%
Current Inventory in Units
22
16
-27%
CLYDE HILL
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
21
27
29%
Total Dollar Volume
$36,887,000
$67,410,000
83%
Average Sale Price
$1,756,500
$2,496,700
42%
Average Days on Market
15
63
320%
Sold / List Price %
99%
98%
-0.9%
Average Price Per Square Foot
$464
540
16%
Months of Inventory
3.3
3.1
-6%
Current Inventory in Units
17
21
24%
YARROW POINT
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
12
10
-17%
Total Dollar Volume
$32,106,000
$25,556,000
-20%
Average Sale Price
$2,675,500
$2,555,600
-5%
Average Days on Market
93
77
-17%
Sold / List Price %
96.4%
97.2%
0.8%
Average Price Per Square Foot
$656
585
-11%
Months of Inventory
3.9
6.4
64%
Current Inventory in Units
12
12
0%
HUNTS POINT
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
4
7
75%
Total Dollar Volume
$20,559,000
$26,100,000
27%
Average Sale Price
$5,139,800
$3,728,600
-27%
Average Days on Market
193
195
1%
Sold / List Price %
87.2%
96.8%
11%
Average Price Per Square Foot
$1,128
$902
-20%
Months of Inventory
4.5
3.3
-27%
Current Inventory in Units
3
5
67%
YARROW POINT Sold for $3.34 Million on 4/2/2015
CLYDE HILL Sold for $5.2 Million on 6/19/2015
MEDINA Sold for $4.78 Million on 5/29/2015 [ 10 ]
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BELLEVUE REPORT SINGLE FAMILY HOMES
BELLEVUE
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
610
666
9%
Total Dollar Volume
$541,810,000
$658,755,000
22%
Average Sale Price
$888,200
$989,100
11%
Average Days on Market
34
30
-12%
Sold / List Price %
100.4%
100.30%
-0.1%
Average Price Per Square Foot
$315
350
11%
Months of Inventory
1.4
1.2
-14%
Current Inventory in Units
213
181
-15%
EAST BELLEVUE
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
330
353
7%
Total Dollar Volume
$225,166,000
$256,500,000
14%
Average Sale Price
$682,300
$726,600
6%
Average Days on Market
26
24
-8%
Sold / List Price %
101.6%
101.4%
-0.2%
Average Price Per Square Foot
$284
$313
10%
Months of Inventory
1
1
0%
Current Inventory in Units
88
79
-10%
WEST BELLEVUE
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
181
186
3%
Total Dollar Volume
$319,453,000
$337,010,000
18%
Average Sale Price
$1,764,900
$2,026,900
15%
Average Days on Market
51
52
2%
Sold / List Price %
97.3%
98%
0.7%
Average Price Per Square Foot
$523
$548
5%
Months of Inventory
2.6
2.9
12%
Current Inventory in Units
107
108
0.9%
BELLEVUE Sold for $5.5 Million on 1/2/2015
NEWPORT SHORES Sold for $3.8 Million on 2/3/2015
SKAGIT KEY Sold for $5.070 Million on 5/24/2015 CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM
[ 11 ]
520 CORRIDOR REPORT SINGLE FAMILY HOMES
WOODINVILLE Sold for $1.92 Million on 2/11/2015 KIRKLAND
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
488
554
14%
Total Dollar Volume
$339,871,000
$418,033,000
23%
Average Sale Price
$696,500
$754,600
8%
Average Days on Market
46
35
-24%
Sold / List Price %
99.3%
100.2%
0.9%
Average Price Per Square Foot
$290
$320
10%
Months of Inventory
2
1.5
-25%
Current Inventory in Units
217
180
-17%
REDMOND
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
483
557
15%
Total Dollar Volume
$316,090,000
$374,488,000
18%
Average Sale Price
$654,400
$672,300
2.7%
Average Days on Market
42
39
-7%
Sold / List Price %
100.10%
100.5%
0.4%
Average Price Per Square Foot
$256
$266
3.8%
Months of Inventory
2.2
1.4
-36%
Current Inventory in Units
232
159
-31%
WOODINVILLE
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
238
295
24%
Total Dollar Volume
$145,327,000
$192,662,000
33%
Average Sale Price
$610,600
$653,100
7%
Average Days on Market
48
44
-8%
Sold / List Price %
99.20%
99.7%
0.5%
Average Price Per Square Foot
$223
$238
7%
Months of Inventory
1.8
1.5
-17%
Current Inventory in Units
96
96
0%
[ 12 ]
KIRKLAND Sold for $3.087 Million on 6/2/2015
REDMOND Sold for $1.8 Million on 3/31/2015
CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM
I-90 CORRIDOR REPORT SINGLE FAMILY HOMES MERCER ISLAND
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
181
159
-12%
Total Dollar Volume
$256,122,000
$249,262,000
-3%
Average Sale Price
$1,415,000
$1,567,700
11%
Average Days on Market
75
53
-29%
Sold / List Price %
97.60%
97.5%
-0.1%
Average Price Per Square Foot
$416
$446
7%
Months of Inventory
2.6
2
-23%
Current Inventory in Units
97
66
-32%
ISSAQUAH
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
358
395
10.3%
Total Dollar Volume
$223,891,000
$257,313,000
14.9%
Average Sale Price
$625,400
$651,400
5.7%
Average Days on Market
35
37
0.1%
Sold / List Price %
100.5%
100.6%
9.6%
Average Price Per Square Foot
$238
$261
4.2%
Months of Inventory
1.5
1.2
-20%
Current Inventory in Units
150
101
-33%
SAMMAMISH
YTD Q2 2014
YTD Q2 2015
%CHANGE
Number of Sales
448
473
6%
Total Dollar Volume
$336,135,000
$374,001,000
11%
Average Sale Price
$750,300
$790,700
5%
Average Days on Market
40
46
15%
Sold / List Price %
100.2%
100%
-0.2%
Average Price Per Square Foot
$248
$261
5%
Months of Inventory
1.8
1.4
-22%
Current Inventory in Units
190
145
-24%
ISSAQUAH Sold for $2.7 Million on 2/5/2015
SAMMAMISH Sold for $1.898 Million on 4/6/2015
MERCER ISLAND Sold for $3 Million on 2/12/2015 CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM
[ 13 ]
SIGNIFICANT SALES FROM MY GLOBAL NETWORK
CALIFORNIA Sold for $15.2 Million
COLORADO Sold for $17.5 Million
TURKS AND CAICOS Sold for $23 Million
MICHIGAN Sold for $13 Million
NEW YORK Sold for $55 Million
[ 14 ]
ENGLAND, UK Sold for $15 Million
HONG KONG Sold for $58 Million
CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM
FLORIDA Sold for $19 Million
ACTIVE LISTINGS BY CINDY PAUR
PE ND IN G
WEST BELLEVUE Offered for $1.899 Million
ISSAQUAH Sold for $2.7 Million on 2/5/2015
JU ST LI ST ED
SOUTH SOUND Offered for $1.095 Million
AC TI VE
MOUNT BAKER Offered for $1.4 Million CONTACT ME FOR AN IN-DEPTH ANALYSIS ON YOUR AREA OF INTEREST CINDY.PAUR@SOTHEBYSREALTY.COM
[ 15 ]
IMAGINE
LOCAL KNOWLEDGE GLOBAL MARKETING EXCEPTIONAL SERVICE
CINDY PAUR
CINDY.PAUR@SOTHEBYSREALTY.COM