2008 Real Estate Trivia

By
Real Estate Sales Representative with Prudential NW

Got this email from my titie rep. I think she found it in Seattle Times!

A quick look back at 2008 local home sales

Both the dollar volume and number of homes sold last year were down sharply from the record-setting activity of 2005-06, says the Northwest Multiple Listing Service in its annual wrapup. Here are some of the highlights of 2008.

- Prices by school district

Mercer Island wins the title for the school district with the highest median price for a single-family home at $1.03 million. Lowest in King County: Skykomish at $192,750. In Snohomish: Northshore highest at $429,500; Index low- Heftiest price tags

Most expensive single-family home sold on the MLS brought $15.8 million and was located Lake Washington in Seattle. Next highest in the four-county region: Eastside house for $10 million. In Kitsap County, the most expensive home sold for $6.2 million. But among the 19 counties the MLS encompasses, San Juan County claimed the highest median price at $510,000.

- Million dollar cribs

564 of the 951 million-dollar-homes sold in King County last year were on the Eastside. Snohomish, Pierce and Kitsap counties each had 43 homes that sold for at least a million.

- Market leader

King County is the largest residential real estate market with 21,133 homes changing owners and sales topping $10.2 billion. Snohomish second at 7,842 sales worth $2.8 billion; Pierce with 8,428 sales worth $2.4 billion; and Kitsap with 2,547 sales worth $820 million.

- Hottest price points

For single-family homes: Between $300,000 and $399,999 in King and Snohomish counties; between $200,000 and $299,999 in Pierce and Kitsap counties.

est at $200,000. Pierce: Dieringer highest at $390,500; Carbonado lowest at $177,500; Kitsap: Bainbridge highest at $588,250; Bremerton lowest at $199,950.

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