11/1/07 South Seattle, WA Lake Washington Communities MARKET STATS - Absorption Rates & Supply of Inventory (Properties for Sale)

11/1/07 Market Update for South Lake Washington Seattle Neighborhoods - Madrona, Leschi, Mount Baker, Judkins Park, Columbia City, Genessee Park, Seward Park to North Renton, Washington

South Seattle Lake Washington Neighborhood Real Estate Market Report Statistics (11/1/07)

King County (Washington State)

Single Family Homes
Average Days on Market: 76 days
Inventory of Active Listings: 11,103
Average List Price: $ 703,693
Average Sales Price: $ 563,645

Condominiums
Average Days on Market: 68 days
Inventory of Active Listings: 3,434
Average List Price: $ 455,372
Average Sales Price: $ 326,164

Note:  For King County only, stats are based on September 2007 numbers.  They do not include manufactured homes or unfinished new construction.  They do not include cancelled listings.

MLS Area 380 - Central Seattle - I90 bridge & Lake Washington, South to S. 112th St, West to Rainier & Martin Luther King, East to Lake Washington - Mount Baker, Judkins Park, Leschi, Genesee Park

Single Family Homes - 5.6 months Supply of Inventory
Average Days on Market: 68 days (was 66 days)
Inventory of Active Listings:  280 (was 292)
Average List Price:  $610,533 (was $582,268)
Average Sales Price: $635,342 (was $485,505)
Number closed:  50 from 10/1/07 - 11/1/07

Condominiums - 3.3 months supply of Inventory
Average Days on Market:  74 (was 69 days)
Inventory of Active Listings:  20 (was 31)
Average List Price:  $400,288 (was $359,140)
Average Sales Price:  $393,492 (was $313,000)
Number closed: 6 from 10/1 - 11/1/07

MLS Area 385 - West In-City Seattle - West of Rainier to Duwamish Waterway, South to approximately S. 112th St - Beacon Hill, Rainier Valley

Single Family Homes - 5.6 months supply of Inventory
Average Days on Market: 66 (was 77 days)
Inventory of Active Listings: 139 (was 145)
Average List Price: $394,161 (was $430,641)
Average Sales Price: $388,458 (was $368,408)
Number closed: 25 from 10/1 - 11/1/07

Condominiums - 4 months supply of Inventory
Average Days on Market: 92 (was 51 days)
Inventory of Active Listings: 12 (was 10)
Average List Price: $312,467 (was $315,820)
Average Sales Price: $310,467 (was $307,500)
Number closed:  3 from 10/1 - 11/1/07

MLS Area 390 - In City Seattle  ( I90 Bridge North to I5 Bridge, West to I5, East to Lake Washington ) Madison Park, Arboretum, Capitol Hill, Madrona, Madison Valley, Roanoke Park, Eastlake

Single Family Homes - 5.2 months supply of Inventory
Average Days on Market:  69 (was 64 days)
Inventory of Active Listings: 286 (was 300)
Average List Price: $ 884,795 (was $1,006,591)
Average Sales Price: $ 867,265 (was $746,833)
Number closed: 55 closed from 10/1 - 11/1/07

Condominiums - 5.5 months supply of Inventory
Average Days on Market: 69 (was 69 days)
Inventory of Active Listings: 310 (was 330)
Average List Price: $373,410 (was $523,298)
Average Sales Price: $367,614 (was $337,082)
Number closed:  56 from 10/1 - 11/1/07

MLS Area 360 - South Seattle, Unincorporated King County & North Renton - Bryn Mawr, Upper Rainier Beach, Lakeridge, Skyway, West Hill, North Renton, Campbell Hill

Single Family Homes - 9.6 months supply of Inventory
Average Days on Market: 67 (was 73 days)
Inventory of Active Listings: 182 (was 200)
Average List Price:  $ 368,253 (was $479,204)
Average Sales Price $ 357,458 (was $371,629)
Number closed:  19 from 10/1 - 11/1/07

Condominiums - 7.3 months supply of Inventory
Average Days on Market: 69 (was 83 days)
Inventory of Active Listings: 22 (was 23)
Average List Price: $ 222,600 (was $262,393)
Average Sales Price: $ 218,600 (was $261,350)
Number closed: 3 from 10/1 - 11/1/07

If you'd like to find out your house value & market activity within your Seattle or Renton area neighborhood, check out our "Market Snapshot" tool.

Go to our website http://www.kariandjoe.com/ and look on the right side for "Market Snapshot".   Scroll down within that box to view a sample of the statistical information you'll receive for your own neighborhood's "Market Snapshot".

The KariAndJoe.com Team | Your Home Selling System Since 1988
27 years of combined Real Estate experience in Seattle, Washington
Keller Williams Realty South East Sound
Phone 425-282-6197
Email: Info@KariAndJoe.com
Website: www.kariandjoe.com/
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