The median priced home in north Seattle, Washington was $415,509 in November. Looking at the line graph below home values appear to be moving up since October. Unfortunately it is misleading. The reason for this increase is due to a home that sold for $11,500,000 that is close to 10,000 square feet in size in Laurelhurst! I believe home values would have continued to slide down since October if that home hadn't sold.
The number of homes sold in north Seattle moved down to 236 and pending homes dropped to 119. This is typical for this time of year since many home Buyers have put their search on hold during the holidays.
Home values and volumes should continue to slide through January 2010.