Windermere Magnolia Presents: 2012 Second Quarter Seattle Metro Report

Windermere Real Estate

Market Review

Seattle Metro A special report on residential real estate sales in King County 2nd Quarter 2012

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Windermere Real Estate/Wall St., Inc.

Second Quarter April / May / June 2012 Sales volume, home prices around Washington state rising amid inventory shortages in many areas NWMLS, KIRKLAND, WA, July 5, 2012 – June may have been cooler and wetter than normal, but weather did not seem to deter home buyers and sellers around western Washington. "Close-in Seattle neighborhoods have been experiencing the most intense buyer activity since 2006," one broker remarked. Figures just released by the Northwest Multiple Listing Service show 8,577 sellers accepted offers on their homes and condominiums last month. That volume of pending sales across 21 counties was 13.8 percent higher than the same month a year ago, according to the MLS report. Closed sales also reflected signs of a recovering market, with upticks in both volume and prices.

Through the first six months of 2012 closings are up 14.4 percent (29,777 versus mid-year 2011 figure of 26,034 closed sales).

MLS members reported 6,214 closed sales of single family homes and condominiums during June, an improvement of 11.7 percent from twelve months ago, and the highest total since September 2007. Read more on our blog: www.Windermere-Magnolia.com

Area

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

SEATTLE CORE Downtown, Belltown

na

176

na

$581,021

na

$437,000

na

1103

na

68

IN-CITY Queen Anne, Magnolia

211

111

$640,600

$305,700

$585,500

$245,000

2328

986

42

71

NW SEATTLE Ballard, GreenLake, Fremont, Wallingford

493

103

$460,536

$247,323

$492,000

$228,000

1947

918

26

69

NE SEATTLE View Ridge, Maple Leaf, Northgate

293

53

$507,941

$210,814

$454,400

$168,000

2156

1076

36

69

CENTRAL SEATTLE Capitol Hill, Central District, Madison Park

195

157

$660,027

$377,918

$580,000

$272,000

2321

1019

48

65

SE SEATTLE Beacon Hill, Mt Baker, Columbia City, Seward Park, Rainier

256

12

$303,437

$175,154

$275,000

$152,500

1867

1078

45

92

340

55

$373,915

$304,074

$330,000

$220,000

1851

1155

48

85

WEST SEATTLE

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.

Real Estate Trends June 2012

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Windermere Real Estate — Magnolia Office 3214 West McGraw Street, Seattle WA 98199 206.284.8989 www.Windermere-Magnolia.com