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Neighborhood year-end stats, Mullan Road / Expressway

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Real Estate Agent with Windermere Real Estate 11741

Ahh the Mullan Road area, the fastest growing area of town and the place I call home.  Of course our main attraction out here is "North Reserve" which is full of the typical big-box commercial stores you'd find in towns all across the US.  This area features a school that is bursting at the seams, I've got a daughter in kindergarten there and there are 8 total kindergarten classes this year.  This area features a predominant mix of medium sized planned neighborhoods.

I've also lumped together the larger neighborhoods one finds out Expressway which is north of Broadway and out by the airport, those two main areas, Canyon Creek and Windsor Park feature many of the traits you'll find in other Mullan Road neighborhoods like Pleasant Views and 44 Ranch.

2012 numbers show another strong year, there were 203 sales in these two areas combined with a median sales price of $199,900.  Looking at the original listing price in these areas it looks like homes were getting about 96.5% of their original listing price at the time of sale.  So how does this compare to the year before in 2011?  How about a big increase, there were 147 sales in 2011 so the 2012 sales volume represents an increase a 38% increase in volume.  The median sales price was exactly the same - so home values stayed totally flat.  

The historical information is pretty interesting, you clearly see the "bubble" effects as 2008's volume falls and residually the 2009 median falls as well.  Volume jumps in 2009 which was aided by the stimulus and tax credits but then falls until 2012 which shows almost "pre-bubble" numbers.  

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Cooper Jacobs
Looking For A Seattle Realtor? COOPERJACOBS.COM - Seattle, WA
Real Estate Brokers - Seattle

Good work Brint getting this information up on ActiveRain. Mullan seems like a neat place to live and the convenience of big box stores is not all that bad. They seem to be part of our daily lives now so we may as well embrace it for what we get. Never mind the traffic...right?

Jan 27, 2013 07:19 AM