Seattle Metro Market Stats Q2 2011

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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