NWMLS AREA 701 – DOWNTOWN SEATTLEHere are the most notable trends for NWMLS Area #701 (downtownSeattle) condominiums:•MEDIAN HOME PRICES IN 2011 UP 5%•TOTAL SALES IN 2011 $1 MILLION+ UP 20%•TOTAL SALES VOLUMES IN 2011 UP 4%•CLOSED SALES TRENDS* UP 10%•TOTAL ACTIVE INVENTORY* DOWN 36%•NEW LISTING TRENDS* DOWN 51%•TOTAL NEW CONDO DELIVERIES ZERO*Trends compare trailing 120 days compared with previous year
BUY OR RENT? King County homes reach record affordability By AUBREY COHEN, SEATTLEPI.COM STAFF Thursday, February 9, 2012Sales of existing homes in the fourth quarter were up by a seasonally adjusted 6.5 percentfrom the third quarter and 10.6 percent from a year earlier, according to a report that theRunstad Center for Real Estate Studies at the University of Washington released Thursday.But the median price, $320,000, was down 13.5 percent from a year earlier.Also Thursday, the Seattle-based real estate website Zillow reported that the typical home inKing, Pierce and Snohomish counties was worth $250,900 in December, down 0.6 percentfrom November and 8.5 percent from a year earlier. The typical Seattle home was worth$348,200, down 1.4 percent from November and 4.4 percent from December 2011.
THE NEXT DEVELOPMENT CYCLE - ALL APARTMENTS IN PIPELINE
QUESTIONS? Special thanks to:Information was obtained from sources deemed reliable but cannot be guaranteed. Viewers are encouraged to perform independent due-diligence before relying on any information contained in this presentation. Presenters are expressing individual opinions only. E&OE.
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