I am still in awe of that amazing Seahawks win on Sunday. Let’s keep it up! Go Hawks!
Let’s take a look at what happened in Seattle’s August real estate market in key neighborhoods: Continue reading
Seattle Real Estate Trends: August 2016
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Tag Archives: Seattle
Seattle Inventory Creeps Up a Bit – What Sellers Need to Know
Although Seattle is still faced with higher demand than we have listings for, things changed just a little bit last month. As you can see from the chart right which shows Seattle’s inventory of single family residences, the number of homes for sale exceeded July of 2015 by more than a marginal amount.
Seattle Real Estate Trends: July 2016
We have had a slight increase in inventory in many neighborhoods which is much-needed. Let’s take a look at what happened in Seattle’s July real estate market in key neighborhoods.
Inventory and Pendings
Below we compare the number of active listings (supply) and pendings (demand) for several of the key Seattle neighborhoods including Central Seattle, Queen Anne and Magnolia, Belltown and Downtown, Ballard and Greenlake, and North Seattle. Our table includes single family residences as well as condos comparing July 2015 and 2016.
Overall, Seattle’s inventory of active listings increased 916 in June to 1,081 last month. Pendings were down slightly (from 1,237 in June to 1,107 last month).
Median Sales Prices
Seattle’s median sales price for both residential and condos grew from $506,000 last July to $583,250 last month (represents a 15.3% gain). Looking at residential and condos separately, residential prices are up 14.0% ($560,000 to $638,585) and condo prices are up 12.1% ($410,000 to $459,475).
List Price to Sales Price
When the list price to sales price is over 100%, this is usually an indicator of multiple offers. For all of Seattle, last July’s list price to sales price ratio was 103.4% as opposed to 104.4% this last month.
I can’t believe we are only a few weeks away from the Seahawks pre-season! I am very excited! If you would like additional information on our market, please contact me – your Seattle Home Guy – at sold@windermere.com or give me a call: (206) 226-5300.
Link Light Rail Affects Real Estate Prices
It can be tough to get around in Seattle and on the Eastside. As we add hundreds of people per week to our expanding city, and even more to the whole area, the problem is not going to go away anytime soon. More-flexible work schedules and people working from home will certainly help, but in the coming years, as Link light rail expands, the value of properties around those light rail stops were expected to go up. But now there is a study that substantiates that!
Seattle Real Estate Trends: June 2016
Summer is beautiful in the Pacific Northwest and although we have had a rainy start to summer 2016, I have high hopes that the sun will come out and smile on Seattle in the coming weeks. Is this a weather prediction or just my joy at seeing that Felix is coming off the disabled list? We shall see! Let’s take a look at what happened in Seattle’s real estate market in key neighborhoods this past June: Continue reading
What is the Best Season for Selling Your Home in Seattle?
If you have been thinking about selling your home, but wanted to wait until summer to do so, you may want to think twice! Although the summer in the Pacific Northwest is absolutely beautiful and many homes show very well during this time, it is possible that your home actually shows better in another season. So what time of year is best? It depends! Continue reading
Seattle Real Estate Trends: May 2016
The cranes are busy, buyers are out shopping, and if we could get Felix Hernandez off the DL, we would really be cookin’! Let’s see what happened in Seattle’s real estate market in key neighborhoods this May.
Seattle Real Estate Trends: April 2016
Let’s see what happened in Seattle’s real estate market in key neighborhoods this April!
Inventory and Pendings
Below we compare the number of active listings (supply) and pendings (demand) for several of the key Seattle neighborhoods including Central Seattle, Queen Anne and Magnolia, Belltown and Downtown, Ballard and Greenlake, and North Seattle. Our table includes single family residences as well as condos comparing April 2015 and 2016.
The Future of Puget Sound Area Traffic
Sound Transit has put forth an ambitious plan, called the Sound Transit 3 Plan, to extend Light Rail service throughout the Puget Sound area. The plan is currently receiving public feedback from a number of neighborhood meetings being held throughout the different neighborhoods that will be affected. The finalized plan may be on the ballot in November. All residents (not just homeowners – renters too!) need to be aware of the expansion plan, the timeline, and the bottom line. I encourage you to go to one of the live meetings if you are able to do so. Continue reading
Seattle Real Estate Trends: March 2016
I am glad to see the number of homes on the market picking up as there are a lot of buyers out there who need to buy homes! I have ten listings and six of them pended in about seven days. The others haven’t been on the market yet a week but I expect them to go fast.
Let’s see what happened in Seattle’s March real estate market in key neighborhoods: Continue reading