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NWMLS stats for 2006

By
Real Estate Agent with The Real Estate Bundle

Here is some general information from the NWMLS reviewing 2006.

During 2006, members of NWMLS. . .

  • Reported more than 96,000 closed sales with a combined value of more than $35 billion (p.28)
  • Experienced a 6.7% drop in number of units sold compared to 2005, but an increase of about 5% in the dollar volume of the closed transaction (pp.21, 28)
  • Reported 1,951 sales of single family homes priced at $1 million or more (up from 1521 during 2005) and 859 sales of condominiums priced at $500,000 or more (up from 623 during 2005). (p.30)
  • The MLS area covering Bellevue/West of 405 (map area 520) had the highest number of million dollar-plus sales with 219, followed by Central Seattle/Madison Park with 165. For high-end condos ($500,000-plus), west Bellevue had the largest number (183), followed by Belltown/downtown Seattle (130) and Kirkland (117); 145 condos sold for more than $1 million (p. 30)
  • Among the 19 counties in the MLS service area, San Juan claimed the highest median price ($539,500) for single family homes that sold last year; King County followed at $425,000 (p.19)
  • Maintained a high ratio of cross-sales: more than three of every four transactions were listed by one office and sold by a different office (p.3)
  • Added 139,814 new listings of SFH and condos to inventory, (p.6), with the highest volume (14,541 added during June
  • Represented more than 30,000 home sellers, on average, each month (p.8)
  • Reported double-digit price gains for SFH compared to 2005 in all but one county (p.19).
  • In the four-county Puget Sound region (King, Snohomish, Pierce and Kitsap), only about 6% of single family homes sold for under $200,000 (p.22)
  • Sold more than 15,000 condominiums, about the same as during 2005; approximately 63% of all condos that sold system-wide were in King County. (p.28)
  • Found wide variation in prices of 3-bedroom homes. For pre-owned homes (built 2004 or earlier), the median sales price ranged from $124,900 in Grant Co. to $508,000 in San Juan Co. (p.31)
  • In King County, the average price of a single family home that sold in 2006 was about 2.9 times higher than the price in 1990 (up from $178,187 to $518,108). (p. 34)

If anyone would like the overall report or a more detailed report for their area please let me know and I would be happy to email it to you.

All the Best.

Karl