Queen Anne and Magnolia home values are trending up from the low in March of this year. In July the median home value was $548,000 and the average was $655,035, which is an increase of 17% and 24% from March. However, it is a decrease of 10% and 1% from July of 2010.
The number of homes sold is up significantly from the February. While the number of pending sales is showing signs of declining which is typical for this time year.
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.
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.
From January to May home values in the Seattle neighborhoods of Queen Anne and Magnolia have been slowly increasing. However when comparing May of 2010 to May of 2011 both the median and average home price is off by 15%. So far 2011 has been a tough year on home prices in Queen Anne and Magnolia.
The number of pending and closed homes sales were strong in May with 57 homes pending and 51 homes closed.
The median home value in northwest Seattle was relatively flat for May at $402,500, and the average dipped to $435,128. When comparing May of 2010 to 2011 the median home price moved up $1,000 while the average moved down approximately $8,500. This includes the neighborhoods of Ballard, Fremont, Wallingford, Green Lake, Greenwood, Broadview and Haller Lake.
The number of pending sales moved up to 177. While the number of homes that closed was 128.
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.
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.
The median and average home values perked up a little as well in March with a median of $377,475 and an average of $407,744. 
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. 
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51 homes sold while 90 are pending to sell. After a cold winter the real estate market appears to be heating up with the coming of spring.
27 homes sold while 43 are pending. Spring is here so homes sales will likely begin to improve. 
Statistics provided by the NWMLS.
