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
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
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.
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.
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
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.
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.
With median sales prices continuing to rise (median sales prices for Seattle residential in February were 26.3% over February 2015 and 38.9% over February 2014). There is speculation about a bubble developing in the real estate market with over-inflated prices that are going to pop. Continue reading
Mariners baseball is starting in just a few weeks, the tulips are up, and all my listings are pending! Let’s see what happened in Seattle’s February 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 February 2015 and 2016.
Median Sales Prices
Median sales prices are up quite dramatically in some areas comparing February 2015 versus February 2016 numbers. See the tables below!
With the number of sales dropping in some areas due to lack of inventory, median sales price adjustments may get more pronounced. For example, in North Seattle, the number of sales dropped from 81 last February to 65 this February. However, in Ballard/Greenlake, the sales went from 119 last year to 189. Belltown went from 23 last year to 40 this year. Queen Anne/Magnolia was about at par with 69 sales last year and 71 this year. Central Seattle went from 105 to 83.
In Ballard/Greenlake, there were several lower-priced properties that sold that might be skewing the median a bit. The Cove at Verdian counted for 8 of the 189 sales, all under $239,000. In addition the Vik condo project accounted for 64 sales, ranging from to $261,900 to $755,900.
Just like in Belltown last summer with the Ensignia project, as inventory is low and a buildings-worth of new product comes on the market, I expect median home prices to skew based on the pricing in the development.
The median home price for February in all of Seattle for both residential and condos was $511,000, which is 16.1% above last February’s $440,000. February had 695 listings available on the market and as of this writing, there are 747 active listings, which is good for our market.
If you would like to learn more about what is happening in your neighborhood, let’s talk! Please contact me – your Seattle Home Guy – at sold@windermere.com or give me a call: (206) 226-5300.
It already feels a little spring-like in Seattle. Trees are beginning to bloom, the days are getting longer, and the real estate market never even took a breath in the winter. Let’s see what happened in Seattle’s January 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 January 2015 and 2016.
Median Sales Prices
Prices are mostly up looking at January 2015 versus January 2016 numbers. See the tables below!
The median home price for January in all of Seattle for both residential and condos was $520,000, which is 15.0% above last January’s $452,000. I was glad to see the amount of available inventory go up in January, from 548 in December to 659 this month. Last January actually had fewer listings than December, so it was good to see this shift as buyers are out in droves.
If you are thinking of a move this year, let’s talk! Please contact me – your Seattle Home Guy – at sold@windermere.com or give me a call: (206) 226-5300.
This 2016 is starting with the lowest number of homes for sale in Seattle in years! In December there were only 359 homes and condos for sale in all of Seattle. Let’s see what happened in Seattle’s November 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 December 2014 and 2015.
Median Sales Prices
Prices are up both year over year and month over month. See the tables below!
I predict that 2016 will be another banner year in Seattle real estate, and I am hopeful that when interest rates start to go up our market will even back out in terms of supply and demand. Have a question about what to do about what to do with your real estate this year? Please contact me – your Seattle Home Guy – at sold@windermere.com or give me a call: (206) 226-5300.