What's Going on with the Real Estate Market in the Seattle Area?

By
Real Estate Agent with Metropolist License #88953

All over King County, inventory is dropping.  Some neighborhoods have as low as 3.8 months supply of houses for sale.  That is a seller's market and as long as houses are listed competitively, many sellers are getting more than one offer.

King County Short Sales & Foreclosures

King County's short sale and foreclosure market is about 20% of inventory and prices are down 8% from last year.

I track many neighborhoods and am glad to give you statistics and trends on any neighborhood or area you are interested in.  Here are some highlights:

Shoreline looks like it could be starting to stabilize with prices being only 2% down from last year.  Comparing this to most neighborhoods - it's good!Shoreline Real Estate Stats



Sammamish has consistently been 2-4% up from last year.

The down markets are currently Edmonds (prices haven't indicated this much of a drop until now and this is actually Snohomish County) and South Seattle, both 11% down from last year.

Most neighborhood prices are up and down from month to month.

The condo market is still down although some neighborhoods are beginning to look better.  Downtown has the appearance of a possible stabilization and I believe this is where it will first begin.

 

 

Posted by

_________________________________________________________________

Kate Pedersen

Broker / Realtor ®

206.841.5947

Realty Executives

View Houses For Sale

 



Comments (2)

Kathy Stoltman
Balboa Real Estate - Ventura, CA
Ventura County Real Estate Consultant 805-746-1793

Good to know, I have a brother who lives in Sammamish, lovely area!

Oct 12, 2011 01:08 PM
Kate Pedersen
Metropolist - Seattle, WA
because life moves you

He picked a great neighborhood!  It's mine too.  :-)

Oct 12, 2011 01:41 PM