Windermere Real Estate
Market Review
Seattle Metro A special report on residential real estate sales in King County for Third Quarter 2014 / July through September
w Windermere Real Estate/Wall St., Inc.
Third Quarter 2014 From the NWMLS, September release - KIRKLAND, WA.
Western Washington housing market stability continues "What we are seeing now with the market is a moderated growth in appreciation, a normalizing of sales volume, and continued health overall," declared MLS director George Moorhead. "It is not a call for alarm," Moorhead emphasized, describing it as "just a balancing and adjusting of a healthy market." Commenting on inventory, MLS board member Dick Beeson said the pace of activity in the South Sound has slowed, "and that means buyers have to keep a keen eye out for good bargains in areas they have been scouting." Beeson...said sellers are more in the driver's seat than they were earlier in the year. "It's not a mad-rush sellers' market," he reported, but added, "buyers are realizing they must act in a timely manner to compete." Area
SEATTLE CORE Downtown, Belltown 701
Number of Homes Sold Q3
Average Sold Price
Average List Price
Days on market DOM
Houses
Condos
Houses
Condos
Houses
Condos
Houses
Condos
NA
122
NA
$562,718
NA
$579,232
NA
43
172
135
$840,026
$386,200
$839,742
$389,336
22
34
535
129
$585,391
$298,552
$575,086
$300,213
17
30
326
56
$610,915
$234,569
$602,154
$235,621
17
28
232
159
$835,617
$342,433
$835,783
$345,726
28
36
179
9
$526,405
$187,833
$529,721
$192,422
36
51
86
7
$378,388
$246,143
$377,021
$252,050
24
33
418
76
$465,338
$325,103
$466,606
$329,127
22
49
IN-CITY Queen Anne, Magnolia 700
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.
Third Quarter 2014 Residential Homes For Sale vs. Sold Report for the past 13 months shows that sales are down 12.2% compared to this time last year. •
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The For Sale numbers are the snapshot of the number of property 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 on a particular month.
Condominium For Sale vs. Sold Report for the past 13 months shows that condo sales are down 6.6% compared to this time 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.PhilGreely.com
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