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.WindermereWestSeattle.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—West Seattle Office 4526 California Ave SW, Seattle 98116 206.935.7200 www.WindermereWestSeattle.com