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Quarterly Report Q3 2019


Seattle Real Estate Market Throughout the third quarter, metro Seattle real estate continued to see a more balanced and stable market.

Available inventory was up 13%, and buyer demand

remained strong, with sold listings up 8%, from last year; yet average sale price showed little change (-1%), giving

further indication that buyers are much more diligent in their research before purchasing a home.

Skilled negotiation is a critical component in all aspects

of a successful real estate transaction. It begins with marketing a property and concludes with a closed sale. With more data available to consumers today, the concept of value is being redefined when choosing an agent.

Listing agents leverage their experience and expertise to

price, prepare, and market a home effectively. Realizing a timely sale at the best price is the objective.

Buyers’ agents bring market knowledge and experience to

a successful negotiation by sorting through the vast and often conflicting real estate data available today.

Technology provides MORE - information, data, numbers, stats, and alerts to everyone - agents are skilled in

combining data with market knowledge and experience

to get the job done. Your goals will start the conversation,

fact-based analysis provides a foundation, and effective communication brings us back to your objectives.

“Proof is in the performance.�

Metro Seattle Residential Total Inventory

Average Sales Price

Q3 2019 3,822

Q3 2018 3,369

Q1 2017 1,094

Q3 2017 1,830

2017

Q1 2018 1,016

Q1 2019 2,351

2018

Q2 2018 $970

2019

Q3 2019 $891

Q3 2017 $829 Q1 2019 $844 Q1 2017 $754

2017

2018

2019


Residential 1

Q3 2018

Q3 2019

517

605

17%

735

889

21%

$857,333

$833,000

-3%

16

29

83%

Available Inventory Average Sale Price Days on Market

Average Sale Price

Q3 2019

YoY%

330

331

0% 28%

458

584

$997,000

$956,667

-4%

18

29

64%

Q3 2018

Q3 2019

YoY%

Days on Market

Available Inventory Average Sale Price Days on Market

-3%

-4%

178

213

20%

398

375

-6%

$1,234,000

$1,159,667

-6%

$1,159,667

21

41

91%

-6%

3 4

Q3 2018

Q3 2019

YoY%

232

244

5%

Available Inventory

443

535

21%

$1,217,333

$1,203,000

-1%

20

37

85%

Q3 2018

Q3 2019

YoY%

Sold Listings

403

439

9%

Available Inventory

794

774

-3%

$718,333

$714,333

-1%

23

29

29%

Average Sale Price Days on Market

West Seattle

Average Sale Price Days on Market

$1,203,000

C

Capitol Hill | Central District | Judkins

Sold Listings

6

2

$956,667

Magnolia | Queen Anne

Sold Listings

5

1

$833,000

Q3 2018 Available Inventory

4

YoY%

Maple Leaf | Ravenna | Wedgwood

Sold Listings

3

Q3 2018 vs Q3 2019

Ballard | Green Lake | Greenwood

Sold Listings

2

Average Sales Price

-1%

$933,000 17%

6

$616,333

-3%

5

$714,333

-1%

Beacon Hill | Georgetown | North Beacon Hill Q3 2018

Q3 2019

YoY%

7

Sold Listings

113

101

-11%

$772,667

Available Inventory

214

258

21%

12%

$638,667

$616,333

-3%

19

39

102%

Average Sale Price Days on Market 7

Columbia City | Mt Baker | Seward Park Q3 2018

Sold Listings Available Inventory Average Sale Price Days on Market

Condominiums

C

Q3 2019

YoY%

161

159

-1%

327

407

24%

$688,000

$772,667

12%

19

40

114%

Q3 2018

Q3 2019

YoY%

128

135

5%

484

601

24%

$796,000

$933,000

17%

34

73

113%

$808

$908

12%

Downtown Seattle Sold Listings Available Inventory Average Sale Price Days on Market Average PPSF

Metro Seattle Residential

$890,667

-1%

Average Sales Price

vs Q3 2018

3,822

+13%

2,092

+8%

Available Inventory

Sold Listings

vs Q3 2018

vs Q3 2018


PHOTO LOCATION Pioneer Square Duwamish Waterway

Market Share of Company by Volume Metro Seattle Area

28%

35%

Windermere

33%

Other

Buyers

Windermere

29%

Other

Sellers

5% 5%

John L. Scott

John L. Scott

8%

Coldwell Banker

5%

8%

Re/Max

Keller Williams

7%

Redfin

6%

Compass

7%

6%

Coldwell Banker

Re/Max

7%

5%

Compass

6%

Keller Williams

Redfin

Companies not shown represent less than 4% of buyers and sellers

Leah Pham

Broker 206.992.2019 leahpham.com leah@windermere.com

WALL STREET GROUP

Copyright Š 2019 LIVE LOVE OWN Inc. All rights reserved. LIVE LOVE OWN is a trade name of LIVE LOVE OWN Inc. Wall Street Group is a trade name of Windermere Real Estate / Wall Street Inc. This report reflects data prior to 09/30/2019. Statistics provided by Trendgraphix, Inc. and Northwest Multiple Listing Services are deemed accurate, but not guaranteed. Components and percentages may not precisely reflect the absolute figures, due to rounding. All information is provided for marketing purposes only and should be independently verified. If you are already working with an agent, this is not intended to solicit that business.

Profile for Leah Pham

Seattle Metro Q3 2019 Report  

A snapshot of Q3 Seattle Metro housing Stats by Leah Pham, Managing Broker @Windermere Wall St Group

Seattle Metro Q3 2019 Report  

A snapshot of Q3 Seattle Metro housing Stats by Leah Pham, Managing Broker @Windermere Wall St Group

Profile for leahpham
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