Market Stats Q3 2012 by Windermere Magnolia
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Transcript of Market Stats Q3 2012 by Windermere Magnolia
A special report on residential real estate sales in King County
3rd Quarter 2012
w Windermere Real Estate/Wall St., Inc.
Windermere Real Estate
Market ReviewMarket ReviewMarket Review
Seattle MetroSeattle MetroSeattle Metro
Third Quarter July / Aug / Sept 2012
Housing market rebound continues, with "slow, unprepared buyers" settling for "2nd choice" homes NWMLS, Kirkland, WA, October 4, 2012 – Home sales around western Washington continue to outpace activity of a year ago while in-ventory remains thin, according to new figures from Northwest Multiple Listing Service. Brokers say that combination is resulting in disappointment for buyers who are slow to accept the reality of a recovering housing market. All cash buyers are returning to the en-tire market, observed MLS director Darin Stenvers. "Cash offers are being made across the price spectrum, including the million dollars-plus ranges," he added. Buyers are also weighing the pros and cons of renting or buying. "The rent versus buy conundrum is still the biggest obstacle facing buyers today," Stenvers reported. Current buyers are cautiously optimistic, Moorhead reported. Clients in gen-eral are united in debt reduction, building up savings and reserves, spending more wisely than they ever have, and have an optimistic outlook of the economy as a whole. Read more on our blog: www.Windermere-Magnolia.com
Area Number of Homes
Sold Q3 Average Sold Price Median Sold Price Days on market DOM
Houses Condos Houses Condos Houses Condos Houses Condos
SEATTLE CORE Downtown, Belltown
701 Na 120 Na $465,607 Na $391,050 Na 55
IN-CITY Queen Anne,
Magnolia 700
162 107 $669,180 $284,735 $590,203 $252,500 40 63
NW SEATTLE Ballard, Fremont,
GreenLake, Wallingford 705
306 99 $507,401 $246,332 $437,500 $235,000 28 59
NE SEATTLE View Ridge, Maple
Leaf, Northgate 710
306 53 $507,401 $202,388 $437,500 $173,500 28 58
CENTRAL SEATTLE Capitol Hill, Central
District, Madison Park 390
182 132 $757,924 $317,735 $572,500 $243,030 43 56
SE SEATTLE Columbia City,
Judkins, Mt Baker, Seward Park, Rainier 380
147 4 $347,337 $146,350 $303,000 $140,950 52 142
SE SEATTLE Beacon Hill,
Georgetown, SODO 385
70 5 $293,703 $176,300 $283,500 $168,500 53 130
WEST SEATTLE 140
331 48 $372,703 $243,889 $340,000 $198,500 41 90
Third Quarter July / Aug / Sept 2012
Real Estate Trends September 2012
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.
Months of Supply: most areas of Seattle Metro showing 0-3 months of supply a “Sellers Advantage”
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