2015 Q1 Market Review

Windermere Real Estate

Market Review

Seattle Metro A special report on Real Estate sales in King County for First Quarter 2015 / January through March

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Windermere Real Estate/Wall St., Inc.

First Quarter 2015 From the NWMLS, March release - KIRKLAND, WA.

Frenzied Market Frustrating Buyers Northwest MLS figures show prices on last month's closed sales of single family homes and condos jumped more than 6.7 percent compared to the same month a year ago. The median price on last month's closed sales area-wide was $292,500 which compares to the year ago figure of $274,000. ...Escalating prices may ease later in the year, when interest rates edge up as the Fed stops buying mortgage-backed securities.

"With near full employment levels and still historic low interest rates, it looks like spring and summer housing market will be hot.

Buckle your seatbelts�.

Area

SEATTLE CORE Downtown, Belltown 701

IN-CITY Queen Anne, Magnolia 700

Number of Homes Sold Q1

Average Sold Price

Average List Price

Days on market DOM

Houses

Condos

Houses

Condos

Houses

Condos

Houses

Condos

NA

91

NA

$587,300

NA

$596,803

NA

47

127

90

$792,433

$363,288

$780,049

$362,107

41

32

330

90

$604,388

$296,999

$592,926

$295,624

24

34

209

47

$617,575

$267,961

$602,547

$269,281

27

39

163

99

$785,347

$383,663

$776,956

$380,716

27

33

137

10

$485,490

$315,845

$481,292

$312,835

43

60

58

5

$437,952

$222,200

$432,250

$227,400

29

89

296

48

$472,246

$343,079

$470,699

$341,905

34

47

NW SEATTLE Ballard, GreenLake, Fremont, Wallingford 705

NE SEATTLE View Ridge, Maple Leaf, Northgate 710

CENTRAL SEATTLE Capitol Hill, Central District, Madison Park 390

SE SEATTLE Mt Baker, Leschi Columbia City, Seward Park, Rainier 380

SE SEATTLE Beacon Hill, SODO Georgetown 385

WEST SEATTLE 140

All data compiled from Northwest Multiple Listing Service, this information is deemed reliable, but is not a guarantee nor is it guaranteed, and should be verified to your satisfaction.

First Quarter 2015 Residential Homes

In March of 2015, 939 homes were placed under contract. That number is up 31.5% from last year.

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The For Sale numbers are the snapshot of the number of properties for sale at the end of the month.

The Pended numbers represent the number of properties that went into the "pending" status in that month.

The Sold numbers represent the number of properties that are sold in a particular month.

Condominium

We finished 2015 Q1 strong with 313 units being placed under contract in March. That’s up 4.3% from last year.

What Does For Sale vs. Sold Report Do? • It helps determine the trend of market supply and demand.

• It helps determine whether the current market is a seller or buyer market.

• It helps determine the minimum length of the listing period.

• It helps identify which price range the majority of the properties are in, within a given area. www.marymwelk.com

Experience the Windermere Difference commitment + connection + consistency = the Windermere Way

Mary M. Welk, J.D. 206.495.1478 maryw@windermere.com www.marymwelk.com

Windermere Real Estate/Wall Street Inc. 2420 2nd Avenue Sea le, WA 98121