Kates Seattle Real Estate Blog: March 2011 Market Statistics

March 2011 Market Statistics

March 2011 Statistics:

King County:
MEDIAN PRICE:   $363,852 (up a little bit from last month)
DOWN 12% FROM LAST YEAR (this was -14% last month)
South King County: Kent, Federal Way, Auburn have more short sales and foreclosures, bringing King County price difference from year to year up.

INVENTORY: 10,500
6.9  MONTH SUPPLY (last month we had an 8.7 month supply)
Less inventory.

AVERAGE MARKET TIME: 117 days

Median Prices for houses is still looking stable around different neighborhoods.
These prices are compared to a year ago:
   North Seattle:  $410,101 EVEN (last month  +1%)
   Edmonds:  $341,281 DOWN 6% (last month -5%)
   Bothell:  $343,195 DOWN 3% (last month -2%)
   Bellevue:  $548,727 EVEN (last month even too)
   Sammamish:  $574,821 UP 2% (last month +2%)
   South Seattle:  $280,169 DOWN 8% (last month -9%)

Overall the housing market is improving. 

Median Prices for Condos compared to a year ago are stabilizing as well but not at the same rate as Single Family Residences:
   Downtown:  $395,083  UP 2% (this is the first positive condo statistic I've seen, last month -4%)
   Capitol Hill:  $275,765 DOWN 5% (last month -2%)
   North Seattle:  $229,279 DOWN 7% (last month -6%)
   Edmonds:  $262,266 DOWN 7% (-7% last month too)

The condo market recovery could be starting downtown!


Compare Median Prices for different neighborhoods:

March 2011 Market Statistics

 

 

 

 

 

 

 

 

 

 

 

 

 

12 month median sale price percent change is based on a comparison of the rolling average/median price for the last 12 months: 4/1/11 - 3/31/11 with the 12 months before 4/1/10 - 3/31/10.
Statistics are not compiled, posted or verified by the Northwest Multiple Listing Service (MLS).

_________________________________________________________________

Kate Pedersen

Broker / Realtor ®

206.841.5947

Realty Executives

View Houses For Sale

 



Comment balloon 0 commentsKate Pedersen • April 11 2011 04:24PM

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