During 2007, members of NWMLS:
Reported more than 82,000 closed sales, valued at more than $33 billion.
Maintained a high ratio of cross-sales: nearly eight of every 10 transactions (79 percent) were listed by one office and sold by a different office.
Added "green features" to the database, enabling searches for properties with environmental certifications, energy efficient features and sustainable materials.
Reported an area-wide median price of $342,000 for single-family homes that sold last year, up 5.9 percent from 2006.
Added 152,862 new listings of SFH and condos to inventory, with the highest volume (16,888) added during May.
Represented more than 41,000 home sellers, on average, each month.
Reported 2,186 sales of single family homes and 125 sales of condominiums priced at $1 million or more (up from 2,099 during 2006). 1,115 condos sold for $500,000 or more (up from 859 during 2006), an increase of nearly 30 percent.
The MLS area covering Bellevue/West of 405 (map area 520) had the highest number of million dollar-plus sales with 240, followed by Kirkland/Bridle Trails with 185 and Central Seattle/Madison Park with 177. For high-end condos ($500,000-plus), Belltown claimed the highest number of sales (28 units).
Among the 19 counties in the MLS service area, San Juan claimed the highest median price ($563,250) for single family homes that sold last year; King County followed at $455,000.
Among school districts, homes on Mercer Island had the highest median selling price, at $1,081,250.
In the four-county Puget Sound region (King, Snohomish, Pierce and Kitsap), only
about 4.68 percent of single family homes sold for under $200,000.
Sold more than 15,000 condominiums, slightly fewer than the number sold in 2006; during 2007; approximately 63 percent of all condos that sold system-wide were in King County.; 80 percent had two or fewer bedrooms.
Found wide variation in prices of 3-bedroom homes. For pre-owned homes (built 2005 or earlier), the median sales price ranged from $145,000 in Grant Co. to $500,000 in San Juan Co. Newly built homes ranged from $182,059 to $685,000.
In King County, the average price of a single family home that sold in 2007 was $564,468; in 1997, the price was $230,345 and in 1990 it was $178,187.
*Information sourced from the NWMLS.
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