Thursday, August 06, 2009

Homes Sold in North Seattle WA

Sales Value Line-Chart
The median home price in north Seattle Washington was $414,500 in July. From May of 2008 through March it slid downward from a high of $512,475 to a low of $394,250. Since then prices have stabilized and they should continue to improve through the summer.

Sales Volume Line-Chart
The number of pending and sold homes in north Seattle may have peaked for the year in June. Close to 147 homes sold in July down from 158 in June. 141 homes are pending which is down from 180.

Wednesday, August 05, 2009

Homes Sold in Central Seattle WA

Sales Value Line-Chart
The median home price in central Seattle Washington inched up to $548,000 in July. From December 2008 through March 2009 median values slid from a high of $647,500 to a low of $480,000. It appears April was the turning point and values should continue to rise through the summer.

Sales Volume Line-Chart
54 homes sold in July in central Seattle. It appears June will likely be the peak for the year with 56 homes sold, in which more homes sold than any month since August of 2007.

The gap between homes that have closed and homes that are pending continues to be larger than normal. It's likely due to stricter rules for getting a loan and may also be due to the number of short sales on the market. According to the NWMLS 12% of the homes sold in King County are short sales which tend to take longer to close.

Ballard Art Walk

In August I'll be featuring works of photographer Jena Locomis Garcia at the Ballard Art Walk.

"I love the idea of where we have been, what was here and not here before us, and what has stood the test of time. I adore the stories objects tell. As a photographer, many of my stories don’t involve a word. Images tell just enough of the story, leaving the rest up to our imaginations."

Stop by this Saturday August 8th, 2009 from 6 to 9 PM at the FORUM CENTER, which is located at 1718 NW 56th Street, Seattle, WA 98107.