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.
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.windermere-wallstreet.com
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Windermere Real Estate/Wall Street Inc. 2420 2nd Avenue Seattle, WA 98121