King County Residentual Home Values

The median home value has remained relatively flat from May to July at $350,000, while the average was $444,827. When comparing July of 2010 to 2011, the median is down 12%.

The number of homes sold in July was 1678, while the number of homes that are pending was 2,297.

King County Home Sales

Since the beginning of 2009 more homes sold in June of 2011 than any other month in King County! The number rose to 1,884, while the number of homes that are pending fell to 2,389.

The median home value plateaued from May to June at $345,000. The average jumped up to $449,715. When comparing June of 2010 to 2011, the median is down 10.0%.

Statistics provided by the NWMLS. Information deemed reliable but cannot be guaranteed.

King County Home Values

King County's median home value slid down by approximately $5,000 in May to $345,000. The average moved down as well by approximately $17,000 to $420,145. When comparing may of 2010 to 2011 the median is down 9.0% and the average is down 8.4%.

The number of homes that sold rose to 1,654, and the number of homes that went pending rose to 2,485 in May. These numbers should continue to rise in June.

King County Home Values

King County home values continue to rise from the low in February of this year. In April the median home value was $349,950 and the average was $437,178, which is an increase of 4.7% and 5.6% from February. However, it is a decrease of 6.7% and 1.5% from April of 2010.

The number of homes that sold plateaued at 1,533, and the number of homes that went pending decreased slightly to 2,318 in April.

Typically May and June are the months that the largest amounts of homes sell. So it is likely that the volume of home sales will continue to rise.

February of 2011 was a new low for home values. Experts say one factor that may have caused this is consumer confidence, which was pushed down by rising oil prices, unrest in the Middle East, the major earth quake in Japan, and the growing inventory of Bank Owned and Short Sale homes.

If you’d like to know more about our local home values and what they means to you, contact me and let’s talk 206-930-8238.

King County Home Values

The median and average home values for King County Washington rose slightly in March with a median of $345,000 and an average of $420,118. February may be the low point for 2011. The number of pending sales is skyrocketing and closed home sales are moving up with 2,435 homes pending and 1,525 homes closed. Buyers appear to moving into the market to take advantage of low prices and spring weather.

King County Home Values

Home prices in King County Washington continued to drop in February. The median and average home price was $334,000 and $413,869. This is likely the low point for 2011.

1,003 homes sold in King County which was slightly below January, while 1,962 homes were pending in February. The number of pending homes is climbing quickly, which is a sign that the market is heating up for the spring.

King County Home Values

With a value of $356,000, the median home in King County slid down to a two year low in January 2011. The average value was $348,943.

1017 homes sold in January with 1649 pending.