Prices are up - Market Time is down.
98122 includes Leschi, Madrona, Madison Valley, Central District. For this zipcode the market has improved dramatically.
The average price in 2009 was $546,000 and the median price was $500,000. In 2011 the numbers are $584,000 and $531,000. That equates to a 6-7% increase prices depending on which average you want to use.
The average CDOM (cumulative days on market) in 2009 was 123 days and the median was 71 days. In 2011 the numbers are 71 and 33, pretty much half of what it was in 2009. In 2011 half of all homes for sale in the Leschi, Madrona, Madison Valley, Central District areas sell in LESS than 33 days!
Dan Sanchez, Realtor
John L Scott Real Estate
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