April is way way up! From October of 2008 through March the median priced home in north Seattle has been sliding downward with a low of $394,250. It appears April has turned the corner with the median priced home selling for $427,750. Sales Value Line-Chart
The volume of homes sold is way way up! Approximately 88 homes sold in April and 166 are pending.
April is way up! From November of 2008 through March the median priced home in Central Seattle has been sliding downward with a low of $480,000. It appears April has turned the corner with the median priced home selling for $563,750.
Keep in mind, generally May is the peak and January is the valley of any given year. So prices should continue to rise through the summer and then begin to fall in the winter. Sales Value Line-Chart
Tightened restrictions for Jumbo Loans continue to drag down the median price. Bank of America is entering this segment with a new program. With luck it will drive down the costs of these mortgages. For more information read this article from the Seattle Times.
The volume of homes sold continues to rise. Approximately 38 homes sold in April and 61 are pending. Sales Volume Line-Chart
In May I'll be featuring works by artist Glenn Raschick at the Ballard Art Walk. Glenn's goal for his paintings is to create a credible witness to the beauty of God's creation that he experiences day to day.
Stop by this Saturday May 9th, 2009 from 6 to 9 PM at the FORUM CENTER, which is located at 1718 NW 56th Street, Seattle, WA 98107.