Thursday, April 08, 2010

Homes Sold In Central Seattle WA

Home values have shot down in Central Seattle Washington! The median home price was $606,500 in February but has decreased to $498,750 in March.

I suspected the increase in home values in February was a spike but I did not expect it to be followed by a decrease of $100,000. The upper end home buyers are still on the fence while first time home buyers are out in great numbers. For that reason the median price of homes in central Seattle is getting hit hard.


The number of homes sold in Central Seattle has skyrocketed from 64 in February to 113 in March.

Similar to North Seattle the number of pending homes continues to skyrocket with 172 homes pending in March. The number of closings should continue to increase for the next couple months.


Thanks for reading!

-Andrew

www.SeattleHomeKey.com

Homes Sold in North Seattle WA

The median price of homes sold in North Seattle, Washington was $402,625 in March. This number is down from last month which is surprising considering the seasonal slowdown around the holidays is behind us.

The market continues to compact. The value of upper end homes has been decreasing while the value of entry level homes has held steady or increased. The first time home buyer tax credit is helping homes priced under $500,000. In fact it is not uncommon to see multiple offers for homes that are priced right.

Home owners that are considering moving up will likely do well in this market by selling their home to a first time home buyer and purchasing in a price range that is not as strong.

The number of homes sold in North Seattle jumped up from February to March with 148 to 237 homes selling.

The number of pending homes continues to skyrocket with 358 homes pending in March. The number of closings should continue to increase for the next couple months.

Thanks for reading!

Tuesday, April 06, 2010

David Harrison at the Ballard Art Walk

I'll be featuring works by painter David Harrison at the Ballard Art Walk in April.

Stop by Saturday , April 10th 2010 from 6 to 9 PM at the FORUM CENTER, which is located at 1718 NW 56th Street, Seattle, WA 98107.

For more information go to: http://www.seattlehomekey.com/artwalk.html