Seattle's Real Estate Market Stats - One of the top 3 cities in 2007 appreciation Nationwide

By
Real Estate Agent with Keller Williams Realty

 

Real Estate Market reports show Seattle has a balanced real estate market! Are you looking to invest? Give us a call.  Don't wait until it's too late...rates are great and inventory is plentiful. 

Happy Holidays from the KariAndJoe.com Team in Seattle, WA - Your Home Selling System

Posted by Kari Collins under For Buyers, For Realty Professionals, For Sellers, Marketing Reports, Washington, Real Estate Statistics, Homes for Sale in Seattle, WA, Market Reports - What's going on in the Seattle Real Estate Market? Serving South Seattle Lake Washington Real Estate sellers, buyers and investors with updated, current Market Statistics so you can make informed decisions.  The KariAndJoe.com Team, your Real Estate Consultant for Seattle homes, condos and Multi-family investments.

Inventory absorption of 0-3 months is a Seller's market; 4-6 months is a balanced market; 7+ months is considered to be a Buyer's market...

King County (Washington State) November 1 - December 1 2007 Statistics

Single Family Homes for Sale - 6.5 months of inventory for King county, Washington State
Average Days on Market:  69 dom (was 60 dom) (was 76 days)
Inventory of Active Listings: 9,955   was 10,756 (was 11,103)
Average List Price: $ 711,342 (was $711,213) (was $ 703,693)
Average Sales Price: $ 540,453 (was $551,019)  (was $ 563,645)

Condominiums for Sale -4.9 months inventory
Average Days on Market:  54 (was 50) (was 68 days)
Inventory of Active Listings:  3,233 (was 3,484) (was 3,434)
Average List Price: $470,656 (was $462,220)  (was $455,372)
Average Sales Price:  $328,208 (was $321,253) (was $ 326,164)

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


MLS Area 380 Homes for Sale, Homes Sold, Condos for sale and Condos sold - Central Seattle, WA - 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, Beacon Hill, Columbia City, Seward Park, Seattle, WA

Single Family Homes for Sale - 5.8 months of supply of current Homes for sale (was 5.7)
Average Days on Market: 83 (was 68 days)  (was 66 days)
Inventory of Active houses for sale Listings:  270 (was 280) (was 292)
Average homes for sale List Price:  $597,816 (was $610,533) (was $582,268)
Average home Sales Price: $535,612 (was $635,342) (was $485,505)
Number of homes sold and closed: 46 from 11/1 - 12/1 (50 from 10/1/07 - 11/1/07)

Condominiums for Sale - Less than 1 month supply of current Condos for sale in Central Seattle, WA
Average Days on Market:  74 (was 69 days)
Inventory of Active Condos for sale Listings:  11 (was 20) (was 31)
Average List Price of condos for sale:  $272,358 (was $400,288) (was $359,140)
Average Sales Price of condos sold:  $343,162 (was $393,492) (was $313,000)
Number of condos sold and closed: 11 from 11/1 - 12/1/07

MLS Area 385 Homes and Condos for Sale and Homes and Condos Sold in Seattle, WA - West In-City Seattle - West of Rainier to Duwamish Waterway, South to approximately S. 112th St - Beacon Hill, Rainier Valley

Single Family Homes for Sale - 7.8 months supply of current homes for sale (was 5.5) in Seattle, WA
Average Days on Market of homes for sale currently: 61 (was 66) (was 77 days)
Inventory of Active houses for sale listings: 148 (was 139) (was 145)
Average List Price of homes for sale: $442,017 (was $394,161) (was $430,641)
Average Sales Price of homes sold: $382,213 (was $388,458) (was $368,408)
Number of sold homes closed: 19 from 11/1 - 12/1/07  (was 25 in previous month)

Condominiums for Sale - 3.3 months supply of current condos for sale (was 4)
Average Days of condos for sale currently on Market: 60 (was 92) (was 51 days)
Inventory of Active condos for sale Listings: 10 (was 12) (was 10)
Average current condos for sale List Price: $281,944 (was $312,467) (was $315,820)
Average Sales Price of condos sold: $270,333 (was $310,467) (was $307,500)
Number condos sold and closed:  3 from 11/1 - 12/1/07 (was 3 in previous month)

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

Single Family Homes for sale in Seattle - Currently 6.2 months supply of houses for sale (was 5.2)
Average Days of homes for sale on Market:  77 (was 69) (was 64 days)
Inventory of currently Active homes for sale Listings: 291 (was 286) (was 300)
Average List Price of houses for sale in Seattle: $1,097.307 (was $884,795) (was $1,006,591)
Average Sales Price of homes sold in Capitol Hill, Seattle: $671,628 (was $867,265) (was $746,833)
Number of homes sold and closed in metro Seattle, WA : 47 sold from 11/1 - 12/1/07 (was 55)

Condominiums currently for sale - 3.75 months supply of condos on the market for sale in Metro Seattle market (was 5.5)
Average Days on Market of condos for sale now: 77 (was 69) (was 69 days)
Inventory of Active condos for sale in Seattle: 300 (was 310) (was 330)
Average List Price of condos in Seattle metro: $515,155 (was $373,410) (was $523,298)
Average Sales Price of condos sold in metro Seattle: $366,983 (was $367,614) (was $337,082)
Number condos sold and closed in In-city Seattle:  80 from 11/1 - 12/1/07 (was 56)


MLS Area 360 - South Seattle, Unincorporated King County, North Renton and Downtown Renton houses for sale and condos for sale, homes and condos sold - Bryn Mawr, Upper Rainier Beach, Lakeridge, Skyway, West Hill, North Renton, Downtonw Renton and Campbell Hill, WA

Single Family Homes for Sale in South Seattle and North Renton - 7 months supply of houses for sale currently! (was 9.6)
Average Days on Market of unsold houses: 81 (was 67) (was 73 days)
Inventory of Active Listings for sale: 168 (was 182) (was 200)
Average List Price of homes currently for sale in South Seattle: $491,870 (was $368,253) (was $479,204)
Average Sales Price of homes sold in South Seattle, North Renton: $353,894 (was $357,458) (was $371,629)
Number of homes sold and closed in South Seattle and Downtown Renton and North Renton:  24 from 11/1 - 12/1/07 (was 19)

Condominiums for sale on market now - 3.7 months supply (was 7.3)
Average Days on Market of condos for sale: 72 (was 69) (was 83 days)
Inventory of Active Listings currently for sale in Renton and South Seattle: 26 (was 22) (was 23)
Average List Price of condos for sale in Area 360: $249,552 (was $222,600) (was $262,393)
Average Sales Price of condos sold: $248,993 (was $218,600) (was $261,350)
Number closed in Area 360: 7 from 11/1 - 12/1/07  (was 3)

MLS Area 140 - West Seattle

Single Family homes for Sale in West Seattle - 6.1 months of supply 

Avg days on market of unsold homes: 75; Inventory of Active listings for sale: 582; Avg list price of houses currently for sale: $563,278; Avg sales price of homes sold: $466,661; number of homes sold & closed in November: 95 houses.

If you'd like to know what your home value is,  what homes are for sale, what their home prices are and what homes have sold for in your own neighborhood, check out our "Market Snapshot" tool; simply follow the directions below.  Go to our website www.KariAndJoe.com and look for the box on the right side that says "Market Snapshot".   Scroll down within that box to see a sample of what you will get for your own neighborhood.

 If you are a home buyer or a home seller in Seattle or Renton, we hope you will contact us to see how our "Home Selling System" will help you achieve your real estate needs; whether buying or selling! 

Additionally, we are able to provide quality referrals to Real Estate Professionals nationwide through our personal network nation-wide.  Send us an email now, and see how easy your Real Estate move can be!


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


South Lake Washington Real Communities Blog:  http://karicollins.featuredblog.com/

Serving Seattle, South Seattle, Lake Washington Homes - Madrona, Leschi, Mount Baker, Columbia City, Genesee Park, Seward Park & South to North Renton Real Estate.  Real Estate made Easy for your through our Home Selling System

Seattle, WA Real Estate Market Report - Houses for sale, Prices of homes sold and days on market for South Seattle, Wa King County  

Happy Holidays from The KariAndJoe.com Team!

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