For residential sales in King County's Eastside NWMLS areas of 500-600 in June 2007, Median prices were up 10.8% ($691,922 vs. $624,687). Inventory numbers showed 3,107 listings on the Eastside this year compared to 2,168 last year (Up 43.3%). Pending sales for the month were only off 4.8% from last year (841 compared to 883 last year)
NWMLS areas 510 (Mercer Island) and 520 (West Bellevue), 560 (Kirkland) and 600 (No Kirkland/Woodinville) had positive growth in the amount of Pending sales for the month.
Overall the 2007 inventory levels for the Eastside are approximately the same as 2004 inventory levels.
Here is the breakdown by NWMLS area. These statistics are for SFH (single family homes) and do not include condo sales:
NWMLS Area 500 (South Bellevue and Issaquah south of I90)
Median prices were up 7.5% ($699,000 this year vs. $649,970 last year)
Inventory was up 42.3% (461 vs. 324)
Pending sales were down -16.7% (115 vs. 138)
NWMLS Area 510 (Mercer Island)
Median prices were up 7.2% ($1,044,500 vs. $974,250)
Inventory was up 17.4% (135 vs. 115)
Pending sales were up 16.7% (42 vs 36)
NWMLS Area 520 (West Bellevue)
Median prices were up 20.5% ($1,500,000 vs $1,245,000)
Inventory was up 2.9% (162 vs. 134)
Pendings were up 7.8% (55 vs. 51)
NWMLS Area 530 (East Bellevue)
Median prices were up 12.5% ($624,500 vs. $555,000)
Inventory was up 51.7% (179 vs. 118)
Pendings were down -8.4% (76 vs 83)
NWMLS Area 540 (Sammamish and Pine Lake Plateau)
Median prices were up 5.1% ($604,475 vs. $574,950)
Inventory was up 53.7% (821 vs. 534)
Pendings were down -4.1% (208 vs. 217)
NWMLS Area 550 (Redmond/Carnation)
Median prices were down 4.17% ($624,950 vs. $599,950)
Inventory was up 36.6% (325 vs. 238)
Pendings were down -22.4% (83 vs. 107)
NWMLS Area 560 (Kirkland)
Median prices were up 15.7% ($694,000 vs. $600,000)
Inventory was up 32.1% (383 vs. 290)
Pendings were up 1.1% (90 vs.89)
NWMLS Area 600 (No. Kirkland/So. Bothell/Woodinville/Duvall)
Median prices were up 15.5% ($522,475 vs. $452,475)
Inventory was up 54.5% (641 vs. 415)
Pendings were up 6.2% (172 vs. 162)
Greg Perry, Eastside Realtor
www.425realty.com
These statistics are compiled from the NWMLS, and are not published by the NWMLS.
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