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Windermere Real Estate

Market Review

Seattle Metro A special report on residential real estate sales in King County 3rd Quarter 2012

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Windermere Real Estate/Wall St., Inc.


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 inventory 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 entire market, observed MLS director Darin Stenvers. "Cash offers are being made across the price spectrum, including the million dollarsplus 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 general 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.WindermereWestSeattle.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


Real Estate Trends September 2012 Months of Supply: most areas of Seattle Metro showing 0-3 months of supply a “Sellers Advantage�

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.


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Windermere Real Estate—West Seattle Office 4526 California Ave SW, Seattle 98116 206.935.7200 www.WindermereWestSeattle.com

Market Stats Q3 2012 by Windermere West Seattle  

Market Stats Q3 2012 by Windermere West Seattle

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