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

By
Real Estate Agent with Keller Williams Realty

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/
Blogsite: http://karicollins.featuredblog.com/

Seattle Olympic Sculpture Park & Space Needle

Comments (6)

Rich Jacobson
Fathom Realty West Sound - Poulsbo, WA
Your Kitsap County WA Real Estate Broker
Kari - Welcome to the ActiveRain Community!...Thanks for sharing your market stats. You guys seems to be doing a tad bit better than we are. Have a great week in real estate!~
Nov 04, 2007 03:25 AM
Brian Hoots
Real Living Speckman Realty, Inc. - Bourbonnais, IL
Kari, welcome to active rain, enjoy the community.
Nov 04, 2007 05:55 AM
Tracy Santrock
Santrock Realty Group Inc. , - Cary, NC
Raleigh - Cary Broker

Welcome to Activerain.  Great 1st post and I really like your picture.  Their are several tools you can use as a Newbie here on Activerain. 

  • Join a group - The Newbie Group is a good one to get lots of good advice starting out.
  • Make sure you read the Community Guidelines.  It will help you figure out what you can and cannot do around here.
  • Invite others - You'll get extra points and help your ranking :)
  • Brad Andersohn did a great post called Blog Starter Kit
  • The Real Estate Tomato did a blog on 101 Things to Write About on Your Blog

This should get you started for now.  There's a lot to learn. Welcome aboard.

PS.  I'm headed to Winston-Salem to play in the combo playoffs for USTA tennis this weekend.  Should be fun.  I liked the info on the charlotte tennis. 

 

Nov 08, 2007 01:10 PM
Kari Collins
Keller Williams Realty - Seattle, WA

Tracy, Hey thanks for your support and sending the newbie stuff. I will check out the blog starter kit and the 101 things to write about...I was thinking today I'd like to blog about "mindset" and how that can make us or break us, esp. during transistions. So perhaps I will get some good ideas. Thanks! Also appreciate you saying you like the picture, which one? My profile or, what my husband calls, "Borg does Seattle" from some old B grade movie! 

Your front page is awesome, gives me a good sense of what your area is like! Good job! Best wishes in your playoffs...I too am a tennis player!  KC

Nov 08, 2007 01:33 PM
Kari Collins
Keller Williams Realty - Seattle, WA

Hi Rich- Well if we can't talk live on the phone, by gosh, we will do it via AR, right! Hey, I hope that referral works out for you. I know you'll keep us updated. Best of luck with GS.  Cheers.  KC 

Nov 08, 2007 01:38 PM
Kari Collins
Keller Williams Realty - Seattle, WA
Brian-Thanks for the welcome aboard...at this point, I don't know if I'm suppose to be putting my comments here...Is this the right place to respond??? Anyway, thanks for saying Hi.  KC
Nov 08, 2007 01:40 PM