Zillow just reported that one-third of all home sales in the greater Puget Sound region (Snohomish, King & Pierce Counties) lost money in the sale of their homes. That number was 22% in March '10. If it's any consolation, that's still less than the national average of 37%.
Zillow also reports that the median price of all homes (condos, townhouses, etc) was $259,200 in the same month.
My own analysis of MLS data shows that in Edmonds, 70 homes sold in March '11. The average sales price was $427,849 and the median price was $353,750 with an average of 115 days on market. These are very healthy numbers compared to either the country or greater Puget Sound. In fact, in an earlier post I indicated that the single family housing market for Edmonds is very healthy -- to the point of almost becoming a balance market (neither a buyer's nor a seller's market).
Comments(2)