Wednesday, December 09, 2009

Homes Sold in Central Seattle WA

The median home price in central Seattle Washington was $551,200 in November which is up slightly from October.

One may wonder what happened to the typical slow down this time of the year brings. It is hard to know for sure but it may have something to do with the Tax Credit Extension. A home priced for $550,000 is not the typical purchase for a First-Time-Home-Buyer. However, the new extension also give a credit to Home-Buyers who have lived in their home for the last 5 years in the amount of $6,500. This may be stimulating homes priced under $800,000 in a way we haven't seen in the past.

The number of homes sold in central Seattle continued to rise in November. However, pending homes is on the decline. I expect fewer homes to sell in December and likely bottom out in January.

Homes Sold In North Seattle WA

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.

Wednesday, December 02, 2009

Ballard Art Walk

I'll be featuring works by painter Kate Tesch at the Ballard Art Walk in December.

The iridescent, glimmering drips forming layers of color are the inspiration for this series. To create a sense of wonder, a dream like abstraction of the world through my window.

Stop by Saturday December 12th, 2009 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: