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Oct
20
Posted by kerri sheehan
The NWMLSrecently posted real estate stats for September. These stats apply to King County residential units not condo’s. If you would like detailed information regarding the condominium market in Seattle, please email me at kerriproperties@comcast.net and I will forward the requested information.
08 07 YTD 08 YTD 07
Closed Sales 1,415 1,687 12,874 19,266
Avg Price $491,300 $563,645 $537,399 $569,580
Avg. time on market 73 58 74 54
Pending Sales 1,767 1,541 15,494 21,068
New listings 3,302 3,771
Pending sales are up but we still have a lot of listings coming on the market so the time on market and the total months worth of inventory have not changed in a substantial way meaning that it is still a buyers market.
Respectfully submitted by: Kerri Sheehan, Realtor Keller Williams Greater Seattle
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Sep
05
Posted by kerri sheehan
One of the many incredible sunflowers now in bloom around our neighborhood.
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As of today, per the NWMLS, there are 77 Single Family homes and 22 townhomes for sale in our neighborhood and 38 condos. The single family home prices range from $259,950 - $1,450,000 with a median price of $475, 950 and an average square foot size of 1,880. The average days on market is 81.
The 38 condos are priced from $168,000 - $619,990 with a median of $274,750 and avg. square foot of 850.
Contrasting those figures with sales for the past 6 months: 113 single family homes have sold since March priced from $265,000 - $1,195,000 with a median of $477,700, average sq. ft of 1806 and an average number days on the market of 58. This would put the current inventory at 4.09 months for single family homes.
33 Townhomes sold during the same period ranging from $295,000 - $675,000, 1,369 sq. ft and a median price of $345,000 also putting the inventory at about 4 months.
The combined 99 units of Single family homes and townhomes started their launched on the NWMLS with an average price of $550,993 which has now dropped by 3% to $534,429.00
Just some quick stats. There is still good inventory to choose from but houses are selling and some are selling very quickly. The days on market number tends be skewed by homes that came on way over priced and were willing to hang out and or new construction that was listed prior to having the ability to officially close i.e. when completed. Every day when I jump on the NWMLS there are houses pending that have only been on the market for a couple of days. If you would like more details on any of this information, please contact me at 206-660-7489 and I’d be more than happy to email you details.
written by: Kerri Sheehan - realtor, Keller Williams
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Jul
30
Posted by kerri sheehan
This chart shows stats for all of King County. The NWMLS designates areas by codes. Our area is 705 which starts at the canal and heads North to 145th and from the Sound East to I5. If you get the Seattle Times they typically post updates by these areas from data they get from the NWMLS.
It is still a buyers market out there with good inventory to choose from!! Remember, the National News represents statistics very different from ours. We do have a good inventory and the market has been slow but at the same time - those cute bungalows priced well and in the low $400’s and under have been moving quickly including multiple offer situations. In all price ranges we have seen some houses move very quickly and some sit - it all comes down to location, condition of the home and if the home is priced realistically for what it is. Prices on those smaller homes are lower than at the height of the craziness so many people who were priced out 6 months ago now have an opporutnity to step back in. All in all, there are a lot more homes and new townhomes in the 3’s to low 4’s and everyonce in awhile something drops below 3 but then they are gone quickly.
On the loan front, first time home buyers have some excellent options and tax credits available to them and for non first timers there are some very good refi/ loan opportunities out there including ones for folks who have a lot of equity and want to buy investment property or trade up with out being in a scary loan. If you have been considering a buy and need more information please drop me an email or give me a call.
