West Seattle Q1 Market Review

Windermere Real Estate

Market Review West Seattle

A special report on residential real estate sales in King County 2011 First Quarter: January to March

W Windermere Real Estate/Wall St., Inc.

2010 Market Review The past year marked a slow recovery in home sales in our area‌ insert more blurb here... with King County closing out the year with a Median Home Price of $421,000.

Detailed Market Stats for West Seattle 2010 Market:

Houses Area

Number of Homes Sold

Average Sold Price

Median Sold Price

Average Size (Sq Footage)

Days on market CDOM

98106: Delridge, Highland Park

267

$259,237

$250,000

1,467 sq ft

96 days

98116: Admiral, Alki, Genesee, Junction

301

$465,786

$419,000

1896

98

98126: Westwood

214

$357,019

$335,000

1653

83

98136: Fauntleroy, Gatewood, Arbor Heights

189

$466,702

$430,000

2016

86

98146: Top Hat, White Center

191

$299,320

$250,000

1681

110

Number of Homes Sold

Average Sold Price

Median Sold Price

Average Size (Sq Footage)

Days on market DCOM

98106: Delridge, Highland Park

5

$193,436

$181,000

782

135

98116: Admiral, Alki, Genesee, Junction

77

$422,379

$350,000

1064

135

98126: Westwood

24

$255,119

$215,250

1045

137

98136: Fauntleroy, Gatewood, Arbor Heights

44

$200,112

$189,980

710

100

98146: Top Hat, White Center

24

$162,679

$129,450

764

156

Condos Area

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.

2011 First Quarter Jan/Feb/Mar Overall home sales in our region continues to improve, slowly. We don’t expect any huge dips nor any large gains in market values, but rather a slow and steady recovery. Anticipated 2011 interest rate hikes will help fuel sales, along with improved general economic climate of our area. But inventory and values are still impacted by distressed properties (bank-owned, and preforeclosure), and it will be a while before we work thru that inventory.

Houses Area

Number of Homes Sold 2011 YTD

Recent Average Sold Recent Median Sale Price Price

Average Size (sq footage)

Days on Market CDOM

98106: Delridge, Highland Park

34

$213,446

$207,450

1450 sq ft

144 days

98116: Admiral, Alki, Genesee, Junction

54

$447,968

$400,500

1850

138

98126: Westwood

36

$311,415

$276,750

1651

107

98136: Fauntleroy, Gatewood, Arbor Heights

38

$415,547

$379,500

1860

111

98146: Top Hat, White Center

45

$286,764

$235,000

1838

115

Number of Homes Sold 2011 YTD

Average Sold Price

Median Sale Price

Average Size (sq footage)

Days on Market CDOM

98106: Delridge, Highland Park

1

-

-

-

-

98116: Admiral, Alki, Genesee, Junction

15

$457,600

$410,000

1354 sq ft

261 days

98126: Westwood

8

$214,525

$190,475

1072

149

98136: Fauntleroy, Gatewood, Arbor Heights

5

$388,400

$325,000

1152

108

98146: Top Hat, White Center

1

-

-

-

-

West Seattle is‌

where heart meets home

Condos Area

Experience the Windermere Difference

When it comes to professional real estate services, Windermere sets the standard.

2010

The West Seattle offices are part of more than 350 offices throughout the West. Our full-time professional agents provide you with local expertise and the strength of leading independent residential real estate network in the Western United States.

Windermere agents are empowered with high-caliber marketing and technology tools designed to meet your real estate needs.

Above all, Windermere is committed to the communities we serve. We dedicate our time and resources to improving our area through our annual Community Service Day, and through the Windermere Foundation which provides funding to support lowincome families in need.

Warm regards from you Windermere West Seattle office

w Windermere Real Estate—West Seattle Office 4526 California Ave SW, Seattle 98116 206.935.7200 www.Windermere.com