Featured Posts
We have 63% more sales than the rock-bottom point we hit in January 2009, and 35% lower than where it was between 2003 and 2007.
Home sales were relatively the same in January from last year. There were 1,095 completed transactions compared to 1,017 in January 2010. We have 63% more sales than the rock-bottom point we hit in January 2009, and 35% lower than where it was between 2003 and 2007. Inventory levels are down 28% compared to a year ago and at their lowest since April 2006, which maybe leading to stable home valuations. The supply of single family homes is approximately 4.0 months, which slightly favors sellers. However, many would-be sellers might be wary of the market and, as a result, there are … [Read More...]
Home sales were relatively the same last month from last year.
Home sales were relatively the same last month from last year. There were 1,466 completed transactions during December. Inventory levels are at their lowest since December 2006 which seems to be leading to stable home valuations. Inventory is down 25% compared to a year ago. There was a dramatic 8.5% drop in the median price in October. Since then, median home prices have been relatively unchanged at $320,000. For King County overall, the supply is approximately 3.75 months, down from 4.2 months, which favors sellers. The median home price of ‘standard resale homes’ was … [Read More...]
Housing during October shows mixed results with sales up, prices down, buyers still hesitant
Home sales were down last month in King County, and prices were down almost 12 percent King Co. area-wide compared to a year ago. There were 1,446 completed transactions during October, which represents an improvement of more than 15 percent from twelve months ago when 1,256 sales closed. Inventory levels are at their lowest since April/May of 2007 which may led to stable or slight increases in home valuations. It’s encouraging seeing positive trends in sales activity and listing inventory. There has been about a 5-months supply1 of homes since May, which is considered … [Read More...]
Featured Properties
Stunning two Story home w/4BR, den & bonus room, built in 2007, on level .85 acre lot in desirable Huntington Highlands.
Stunning two Story home w/4BR, den & bonus room, built in 2007, on level .85 acre lot in desirable Huntington Highlands. Gorgeous cherry floors throughout main level, oversized formal dining rm w/ vaulted ceilings & French doors out to 70×30 Trex deck w/ hot tub. A chef’s dream kitchen w/ 6 burner Viking stove, dbl… Read More
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