12. NWMLS AREA 701 – DOWNTOWN SEATTLE
Here are the most notable trends for NWMLS Area #701 (downtown
Seattle) 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
17. BUY OR RENT?
King County homes reach record affordability
By AUBREY COHEN, SEATTLEPI.COM STAFF
Thursday, February 9, 2012
Sales of existing homes in the fourth quarter were up by a seasonally adjusted 6.5 percent
from the third quarter and 10.6 percent from a year earlier, according to a report that the
Runstad 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 in
King, Pierce and Snohomish counties was worth $250,900 in December, down 0.6 percent
from 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.
21. 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.